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When the start-up is founded by more than one entrepreneur, the co-founder arrangement becomes important and the tasks, obligations, positions and share of the company of all the co-founders need to be formulated. Many start-ups also waive and continue on the terms of a verbal arrangement with this essential legal document. However this is unwise, since in the case of a disagreement, it would be difficult to prove the terms of a verbal arrangement and could also slow down the company's activities and lead to losses. The founders should sign a co-founder agreement as a necessary step in the start of their business in order to prevent the risk of bitterness and any negative impact on the company from conflicts between the co-founders. Read More