While a start-up agreement is not required of a state as part of the documents to be submitted for registration, it is nevertheless an important step that the founders of a company should take. Among the benefits of the agreement are the following terms in all start-up agreements: the important role that a well-designed start-up agreement can play for the sustainable health and success of a business cannot be underestimated. Don`t skip this important step. Because of the important role played by a business start-up contract in setting up a business, it is customary for directors to use the services of a lawyer experienced in contract law. The foundation agreement provides a guide for people who end up founding the company in the early stages of creation. Significant shareholder and confidentiality agreements affecting the operation of the business are established during this pre-commencement period. SIXTH, all Parties to this Agreement undertake to make every effort to integrate the Organization and commence its activities in a timely manner. A foundation agreement will help avoid any misunderstanding about the roles and responsibilities of the main parties of a registered entity.4 min read3S: Within seven (7) days of the first issuance of the company`s instrument of incorporation, the parties agree that the authorized shares of the company will be distributed and paid for remuneration: it defines details such as the name of the company to be created. its purpose, the names of directors and executives at the time of the creation of the company, the distribution of shares and even the salaries for directors and senior executives. With this document, you can certainly make agreements and make important decisions before starting your business.
But there are risks associated with setting up a business, especially in the early stages of creation: The Honourable Mr Macià Alavedra i Moner, Autonomous Minister of Economy and Finance, and the Honourable Mr Artur Mas i Gavarró, Autonomous Minister of Territorial Policy and Public Works, act on behalf of and representing the Autonomous Government of Catalonia on the basis of an agreement concluded by their government on 18 February, 1997. This constitutes Amendment No. 1 to this Foundation Agreement and Subscription (the “Agreement”) of 12 June 1997. .