Founders Agreements
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Jared Arcari (Fordham Law \\u201819) and\\xa0 Blessing Adeyeye (Fordham Law \\u201818) join to discuss three main aspects of founders\\u2019 agreements: ownership rights of the entity and its accompanying intellectual property, management responsibilities, and confidentiality issues between co-founders.
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Episode Roadmap:
\\u25cf [:37] Jared Arcari introduces himself and Blessing Adeyeye as Fordham Law students under the direction of Professor Bernice Grant.
\\u25cf [2:04] Arcari explains why a founders\\u2019 agreement is an essential first step to co-founding a business, using Facebook as a cautionary example of what not to do.\\xa0
\\u25cf [5:31] Adeyeye highlights the benefits of having ownership, management, and confidentiality conversations early on.
\\u25cf [8:16] An explanation of equity allocation in exchange for consideration provided by each co-founder.
\\u25cf [10:58] The benefit of having a vesting schedule and intellectual property protection from the inception of the company.
\\u25cf [14:25] Management aspects of founders\\u2019 agreements, including responsibilities of each co-founder, compensation, and decision-making terms.
\\u25cf [18:34] Advantages of creating confidentiality provisions and non-disclosure agreements.\\xa0
\\u25cf [22:20] Adeyeye summarizes the key aspects of founders\\u2019 agreements.
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