Merton Journal
At Merton, understanding starts by arming you with tools and resources to better navigate your next steps in law, business and life.
Cofounder Agreements: the most underrated document in the startup ecosystem
Cofounder agreements are perhaps the most underrated document in the startup ecosystem. It is not uncommon for a startup to be reluctant to spend money on lawyers in the early stages. Why spend money on drafting agreements when there isn’t any money coming in yet?
But antagonism between cofounders can be the difference between the failure or success of your startup. According to Noam Wassermann, author of The Founder’s Dilemma, 65% of startups fail due to founder conflict.
That’s where a cofounder agreement comes in.