Document background
The Founders Agreement is a crucial document used when establishing a new business venture in New Zealand, typically implemented at the pre-incorporation stage or during early company formation. It serves as the cornerstone agreement between founding members, detailing their relationships, commitments, and expectations. This document is essential for any group of individuals starting a business together, providing clarity on ownership, management, and operational aspects while ensuring compliance with New Zealand's legal framework. The agreement includes provisions for equity distribution, roles and responsibilities, intellectual property rights, decision-making processes, and exit strategies. It helps prevent future disputes by establishing clear guidelines and expectations from the outset, while also providing a solid foundation for future investment and growth.
