Startup Documents Drafting
Deliverables - Timeline
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Deliverables
- Drafting of comprehensive legal documents either through Ready Draft or Duly Draft
- Delivering of soft copy along with a hard copy on legal paper with further instruction (if any)
- The comprehensive documents decided by us will be final. If an entity wants any further documents to be drafted either it will be swapped with any other documents or will be charged separately.
Note :
- Above packages does not include the following expenses
- Stamp duty, Franking charges
- Notarization expenses (If Required)
- Registration charges or any other Govt. fees will be separately charged (if any)
- Only one copy of documents duly printed on legal paper will be provided through courier, extra copies will be separately charged
Our Plans
Option 1:
Single Document Drafting
- Ready Draft- Drafted by an expert
Option 2:
Mandatory Documents Drafting
- Ready Draft- Drafted by an expert
Option 3:
Comprehensive Documents Drafting
- Ready Draft- Drafted by an expert
Timeline
3 days
(from receipt of all documents)
Step 1
Send us your enquiry by duly filling enquiry form.
Step 2
Our legal experts will call you to understand your requirement and offer best suited package.
Step 3
You approve the quotation and make advance payment, your work gets started.
List of documents required by Statups:
A. Business Partnership Agreement : Business Partnership Agreement is a written agreement between the partners who would like to do a business togather and that outlines the terms and conditions of partnership among the partners inter se and prescribes the profit & loss sharing ratio amongst them. This agreement will also define the mutual responsibilities for the partners.
B. Shareholder Subscription Agreement : A Shareholders Agreement is a vital document that delineates the rights, responsibilities, and obligations of shareholders in a company. It serves as a foundational framework for governing the relationship between shareholders, ensuring transparency, accountability, and alignment of interests among the stakeholders.
C. Term Sheet Drafting : A Term Sheet is a preliminary document outlining the key terms and conditions of a proposed investment or financing transaction between a company and potential investors. It serves as a blueprint for negotiations and lays the foundation for the detailed legal agreements that will follow, such as the investment agreement or shareholder agreement.
D. Intellectual Property Assignment Agreement : IP Assignment Agreement is a written agreement between two parties in which a property owner (known as assignor) transfers the complete ownership in a subject matter to another party (known as assignee). All subject matters of the intellectual property rights, such as music, design, artwork, photograph, video, sound, etc. can be assigned by the owner of such material. The terms of the transfer have to be clearly captured in the agreement to avoid any ambiguity.
E. Employment Agreement : An Employment Agreement (or an Employment Contract) is an agreement that is entered into between the employer and the employee, which spells out the duration, terms of employment and the rights & responsibilities of the parties, i.e. the employer and the employee. Especially from the business point of view, it is pertinent to enter into an Employment Agreement, in order to define the scope of work for the employee and to restrict him/her with the obligations such as confidentiality, exclusivity, indemnification and non-competition.
F. Service Agreement : Service Agreement is an agreement between a business providing services and its customer or client. For example, a Service Agreement might be used to define a work-agreement between a Company offering web designing services and its client. Service Agreements include details such as deadlines and payment terms. Contracts also usually define the work to be performed and what process needs to take place if changes need to be made.
G. Licencing Agreement : A licensing agreement is a written agreement between two parties in which a property owner (known as licensor) permits another party (known as licensee) to use that property under specific terms and conditions. All subject matters of the intellectual property rights, such as music, design, artwork, photograph, video, sound, etc. can be licensed by the owner of such material.
H. Non Disclosure Agreement: A Non-disclosure Agreement (NDA), which is also referred to as Confidentiality Agreement, is an agreement that protects sensitive and proprietary information pertaining to the business and prevents the person from leaking out such information to any third party. Businesses can enter into such NDAs with their employees, consultants, partners, suppliers, intermediaries, software developers and clients. The idea behind this is very simple, i.e. to prevent any such person who has access to the sensitive information of the business, from leaking out such information to any third party. Depending upon the circumstances, an NDA can be mutual as well as unilateral.
I. Software as a Service (SAAS) Agreement : Software as a service (or SaaS) is a way of delivering applications over the Internet—as a service. Instead of installing and maintaining software, you simply access it via the Internet, freeing yourself from complex software and hardware management. Software as a Service (SaaS) Agreement is an agreement between the software company and its customer/client that grants the customer/client a license to use the software subjected to a set of conditions, which may be tweaked on a case by case basis.
J. Franchise Agreement: A Franchise Agreement is a contractual arrangement between a franchisor (the owner of a brand or business system) and a franchisee (an individual or entity granted the right to operate a business using the franchisor’s brand, trademarks, and business model). This agreement serves as the foundation for the franchisor-franchisee relationship, outlining the rights, responsibilities, and obligations of each party involved in the franchise operation.
K. Consultancy Agreement : A consultancy agreement is an agreement that an organisation/employer enters into with his/her consultant. This agreement governs the relationship between the consultant and the employer and it enumerates various terms of their relationship, such as deliverables, timelines, compensation, roles and responsibilities, etc. Especially from the business point of view, it is pertinent to enter into an Consultancy Agreement, in order to define the scope of work for the consultant and to restrict him/her with the obligations such as confidentiality, exclusivity, indemnification and non-competition.
L. Co-founder Agreement: A Founders Agreement is a crucial document that lays down the groundwork for a startup company by formalizing the understanding and commitments among its founders. This agreement serves as a roadmap guiding the collective vision, responsibilities, equity ownership, decision-making processes, and potential outcomes of the startup venture.
M. Joint Venture Agreement: A Joint Venture Agreement is a legal document that formalizes the collaboration between two or more parties to pursue a specific business opportunity or project together. This agreement outlines the terms, conditions, and obligations governing the joint venture, including each party’s contributions, responsibilities, profit-sharing arrangements, decision-making processes, and exit strategies.
N. Share Purchase Agreement: A Share Purchase Agreement (SPA) is a legally binding document that outlines the terms and conditions governing the sale and purchase of shares in a company. This agreement is essential when individuals or entities wish to transfer ownership of shares, whether in whole or in part. It serves as a comprehensive contract that delineates the rights, responsibilities, and obligations of both the buyer and the seller in the transaction.
O. Memorandum of Understanding : A Memorandum of Understanding (MoU) is a preliminary agreement between two or more parties outlining their mutual understanding, intentions, and commitments regarding a specific collaboration, project, or initiative. While MoUs are not legally binding like contracts, they serve as a formal record of the parties’ intentions and often precede the negotiation and drafting of more detailed agreements.
P. Website Terms and Conditions: Website Terms and Conditions are a set of rules and guidelines that govern the use of a website by its visitors. These terms outline the rights and responsibilities of both the website owner and the users, covering various aspects such as content usage, user conduct, privacy policies, and disclaimers.
Q. Website Privacy Policy : A Website Privacy Policy is a document that outlines how a website collects, uses, shares, and protects the personal information of its users. It informs visitors about the types of data collected, the purposes for which it is used, and the measures in place to ensure the security and confidentiality of their information.
R. Website Discliamer Policy : A Website Disclaimer Policy is a statement that outlines the limitations and disclaimers regarding the information provided on a website. It serves to inform visitors about the website owner’s stance on content accuracy, reliability, and legal liability.
S. Vendor Agreements : Vendor agreement acts as a formal form of contract between the vendors and the company based upon certain terms and conditions that are necessary for the regulation of the market. This acts as the only legal document between the parties which highlights the responsibilities and obligations and helps avoid the arising disputes between the parties.
T. Royalty Agreement : A royalty agreement can be defined as a legal contract between the licensor and the licensee of an intellectual property. Through this agreement, the licensor grants the licensee the right to use the licensor’s intellectual property in exchange for some royalty payment. The royalty agreement describes how the royalty payments shall be made, the royalty rate, the terms of payment, etc. This can be a separate agreement from the licensing agreement or a separate clause within the leading intellectual property licensing agreement.
U. Funding Agreements : A funding agreement is an agreement where an investment issuer offers the investor a return on a lump sum investment. The terms of the agreement will usually define the scheduled use of capital and the expected rate of return over time to the investor.A funding agreement is used by some institutional investors because it is a low-risk instrument with fixed-income characteristics. However, because it is low risk, the return to the investor is usually modest. Investment portfolios that are focused on capital preservation, rather than growth, are more likely to enter into funding agreements.
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FAQs
Every entity that wants to survive in long run must comply with law of land. This is a major mistake by most of Indian start up who keep their legal compliance as second priority. As start-up need to be focused and has to be steer clear from any legal controversy, They have to full proof and water tight all legal corners. Everything should be well documented and legal drafted to avoid any misconception in future. Hence the first priority should be to make a Start up is to start it as legally correct.
- Introductory Section : The Share Purchase Agreement typically begins with an introductory section identifying the parties involved—the seller(s) who own the shares being sold and the buyer(s) who wish to acquire them. This section also provides essential details about the company whose shares are being transferred, such as its name, registration number, and registered office address.
- Financial Matters : including the number and class of shares being sold, the purchase price per share, and the total consideration for the entire shareholding. It may also include provisions regarding the payment terms, such as whether the purchase price will be paid in full upfront or in installments.
- Legal and Commercial Matters relating to share transfer : This includes representations and warranties made by the seller regarding the shares being sold, indemnification clauses to protect the buyer against certain risks or liabilities, and conditions precedent that must be fulfilled before the transaction can be completed.
- Post-closing matters, such as the transfer of legal title and possession of the shares, the delivery of share certificates or other relevant documents, and any ongoing obligations or covenants between the parties Following the sale.
- Other Clauses : Furthermore, the SPA typically includes provisions related to dispute resolution, governing law, and jurisdiction, specifying the mechanisms for resolving any disagreements that may arise between the parties and the applicable legal framework for interpreting the agreement.
A Share Purchase Agreement is a crucial document for facilitating the transfer of ownership in a company’s shares. It provides clarity, certainty, and legal protection for both the buyer and the seller, ensuring that the transaction is conducted smoothly and in accordance with the agreed-upon terms.
The Franchise Agreement typically encompasses various key elements, including the scope of the franchise, territory rights, franchise fees, royalty payments, operational guidelines, training requirements, marketing and advertising obligations, intellectual property rights, renewal and termination provisions, and dispute resolution mechanisms. It also details the duration of the franchise term and any renewal options available to the franchisee.
– From the franchisor’s perspective, the Franchise Agreement ensures consistency and quality control across franchise locations, protects the integrity of the brand, and provides a source of ongoing revenue through franchise fees and royalties. For the franchisee, it offers the opportunity to leverage an established brand and business model, access training and support from the franchisor, and benefit from marketing and advertising initiatives.
– The Franchise Agreement plays a crucial role in mitigating risks and clarifying expectations for both parties. It helps prevent misunderstandings and disputes by clearly defining the rights and obligations of each party, as well as the terms under which the franchise relationship can be maintained or terminated. Additionally, it provides a framework for the successful operation of the franchise business, setting standards for performance, quality, and customer service.
– Overall, a well-drafted Franchise Agreement is essential for establishing a mutually beneficial relationship between the franchisor and the franchisee, fostering trust, cooperation, and long-term success in the franchise system. It serves as a roadmap for business expansion, guiding both parties towards their respective goals while maintaining the integrity and reputation of the franchised brand.