One of the most significant and important legal steps at the outset of any new business—and especially a startup—is drafting and signing a comprehensive founders" agreement that is clear and tailored to the business’s specific circumstances. However, the founders" agreement is often postponed to a later stage, either due to a sense of closeness and trust among the founding partners or a desire to avoid “complications” during the business’s initial concept phase. In practice, however, …
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