Document background
The Startup Founder Agreement is a crucial document used when establishing a new company in Hong Kong with multiple founders. It serves as the cornerstone agreement that governs the relationship between co-founders and their startup venture, typically implemented at or before company incorporation. This agreement is essential for documenting founder equity splits, roles, responsibilities, intellectual property assignments, and decision-making processes. It incorporates specific requirements under Hong Kong law, including compliance with the Companies Ordinance and other relevant legislation. The document helps prevent future disputes by clearly defining expectations and obligations, making it particularly valuable in Hong Kong's growing startup ecosystem where clear documentation of founder relationships is crucial for future fundraising and growth.
