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Top 5 Legal Documents For Start-ups

One of the biggest mistakes founders, developers or investors can make is not understanding how to properly use the law to protect their interests. The following are some of the legal documents essential to enterprise success.

Letter of Intent 

  • outlines the terms of a negotiation or deal and serves as an “agreement to agree”. 

  • minimises the possibility of misunderstanding and reduces the likelihood of unnecessary disputes.

Founders Agreement

  • defines purpose, ownership, investment, equity and roles between founders.

  • while you may think that you are in complete harmony with your colleagues, misunderstandings and differences that may emerge can be highly damaging and lead to conflict.

Non-Disclosure Agreement (NDA) 

  • prevents unauthorised use of proprietary or confidential information or ideas by third parties.

  • enables you to share sensitive information without fear of expropriation. 

Shareholder Agreement 

  • governs relationship between founders and investors by outlining equity and management. 

  • sets out owners' rights, privileges, protections and obligations.

Employment Contract

  • terms and conditions governing the legal relationship between employer and employee.

  • sets out the respective rights, responsibilities and duties in the workplace. 

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