Document background
The Founder Collaboration Agreement is essential for entrepreneurs establishing a business venture in Hong Kong, particularly during the early stages of company formation. This document should be implemented before or during the company's incorporation to clearly define the founding members' relationships, responsibilities, and rights. It addresses critical aspects such as equity distribution, voting rights, intellectual property ownership, and decision-making processes, while ensuring compliance with Hong Kong's legal framework, including the Companies Ordinance and related regulations. The agreement helps prevent future disputes by establishing clear guidelines for founder conduct, business operations, and exit scenarios, making it an indispensable tool for protecting all founders' interests and maintaining business continuity.
