The Founders Contract is a vital legal document used when establishing a new company or formalizing an existing business relationship between founders in Indonesia. It serves as the primary agreement governing the founders' relationship and their commitments to the business venture. This document is essential when two or more individuals or entities come together to start a business, requiring clear documentation of their rights, responsibilities, and ownership stakes. The contract must comply with Indonesian law, particularly Law No. 40 of 2007 on Limited Liability Companies and related regulations. It typically includes provisions for equity distribution, vesting schedules, intellectual property rights, decision-making processes, and exit mechanisms. The agreement should be drafted in both Indonesian and English languages to comply with Law No. 24 of 2009, and must be executed before an Indonesian notary to ensure legal validity.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of all founding members and their contact details
2. Background: Context of the agreement, including the business concept and purpose of the collaboration
3. Definitions: Key terms used throughout the agreement
4. Company Formation: Details about the company structure, registration, and initial capitalization
5. Equity Structure: Distribution of shares among founders, including initial allocation and vesting schedules
6. Capital Contributions: Details of what each founder will contribute (money, assets, or services)
7. Roles and Responsibilities: Defined roles, commitments, and expectations for each founder
8. Intellectual Property: Assignment of IP rights to the company and protection of company IP
9. Decision Making: Voting rights and process for major business decisions
10. Board Structure: Composition of the board and appointment rights
11. Transfer Restrictions: Limitations on share transfers and right of first refusal
12. Confidentiality: Protection of company and founder confidential information
13. Non-Compete and Non-Solicitation: Restrictions on competing activities and hiring company employees
14. Termination: Circumstances and process for terminating founder relationships
15. Dispute Resolution: Process for resolving conflicts between founders
16. Governing Law: Specification of Indonesian law as governing law and jurisdiction
1. Tag-Along Rights: Include when founders want the right to join in sale of shares by other founders
2. Drag-Along Rights: Include when majority founders want the right to force minority founders to join in a company sale
3. Anti-Dilution Protection: Include when founders want protection against equity dilution in future funding rounds
4. Family Succession: Include when founders want to specify rules for shares passing to family members
5. Founder Loans: Include when founders are making loans to the company
6. External Activities: Include when founders maintain other business interests or employment
7. Deadlock Resolution: Include when there are equal shareholdings that could lead to decision deadlocks
1. Schedule 1: Capital Structure: Detailed breakdown of shareholding and share classes
2. Schedule 2: Vesting Schedule: Detailed vesting terms and timeline for founder shares
3. Schedule 3: Initial Business Plan: Overview of business strategy and milestones
4. Schedule 4: IP Schedule: List of existing IP being transferred to the company
5. Schedule 5: Deed of Adherence: Template for new founders or shareholders to join the agreement
6. Appendix A: Company Registration Details: Official company registration information and numbers
7. Appendix B: Founder Details: Detailed information about each founder's background and qualifications
Find the exact document you need
Founders Shares Agreement
An Indonesian law-governed agreement establishing founding shareholders' rights, obligations, and ownership structure in a PT entity.
Download
Founders Contract
An Indonesian law-governed agreement establishing the foundational relationship between company founders, defining their rights, responsibilities, and equity arrangements.
Download
Startup Shareholders Agreement
An Indonesian law-governed agreement establishing rights and obligations between startup shareholders, compliant with UUPT regulations.
Download
Pre Incorporation Founders Agreement
An Indonesian law-governed agreement establishing rights and obligations between founders prior to company incorporation.
Download
Founders Service Agreement
An Indonesian law-governed agreement defining the service relationship between a founder and their company, including duties, compensation, and obligations.
Download
Founder Employment Agreement
An Indonesian law-governed agreement establishing employment terms and conditions between a company and its founder, including both standard employment and founder-specific provisions.
Download
Co Founder Vesting Agreement
An Indonesian law-governed agreement establishing share vesting arrangements between co-founders and their company, ensuring aligned long-term interests and commitment.
Download
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)