Document background
The Founder Collaboration Agreement is essential for any new business venture in Indonesia where multiple founders are involved in establishing a company. This document should be created during the initial stages of company formation, ideally before or concurrent with company registration. It serves as a crucial framework that governs the relationship between founders, establishing clear guidelines for ownership, management, and operation of the business. The agreement must comply with Indonesian legal requirements, particularly the Civil Code and Company Law No. 40 of 2007, while addressing specific needs of the founding team such as equity distribution, voting rights, and exit provisions. This document is particularly important as it helps prevent future disputes by clearly documenting all founders' understanding and agreements regarding their roles, responsibilities, and rights within the company structure.
