Founder–Co-Founder Agreement
This Agreement is made and entered into on May 11, 2025, by and between:
-Anshika Sawarn, residing at Bangalore, India (“Founder”)
- Niyatee Priya, residing at Patna, India (“Co-Founder”)
The Founder has created a startup venture named:
Synauris
A youth-focused platform for freelancing, startup incubation, and learning.
1. Purpose
The Founder and Co-Founder agree to collaborate in developing and operating the
Company, each contributing their skills, resources, and efforts in good faith.
2. Ownership and Equity
The equity ownership of the Company shall be as follows:
Name Role Ownership %
Anshika Sawarn Founder 50%
Niyatee Priya Co-Founder 50%
Unvested shares will be forfeited upon departure unless otherwise agreed.
3. Contributions
The contributions of each party are as follows:
Party Contribution
Anshika Sawarn Original idea, brand, initial IP, community
and marketing
Niyatee Priya Platform development, technical design,
operations
4. Roles and Responsibilities
Name Title Primary Responsibilities
Anshika Sawarn CEO Strategy, leadership,
funding, partnerships
Niyatee Priya Co-Founder Business Stratery, Team
planning
All major decisions must be made jointly unless otherwise delegated.
5. Intellectual Property
All intellectual property related to the Company developed by either party shall be the sole
property of the Company. Both parties agree to assign any relevant IP to the Company.
6. Confidentiality and Non-Compete
- Confidentiality: Both parties agree not to disclose any Company confidential information
to third parties without consent.
- Non-Compete: For 1 year post-departure, neither party shall engage in a directly
competing business without written consent.
7. Exit or Termination
If the Co-Founder resigns or is terminated:
- Unvested equity is forfeited.
- Vested equity may be bought back by the Company at Fair Market Value.
If the Founder exits the Company:
- The Co-Founder may retain their vested equity, and succession will be mutually agreed
upon.
8. Dispute Resolution
In case of disagreement:
- First, the parties will attempt resolution through good-faith discussion.
- If unresolved, disputes will be submitted to mediation, and if needed, to binding
arbitration.
9. Entire Agreement & Amendments
This Agreement constitutes the entire agreement between the parties and supersedes any
prior understandings. Any amendment must be in writing and signed by both parties.
10. Signatures
Anshika Sawarn
Signature
Date: May 11, 2025
Niyatee Priya
Signature
Date: May 11, 2025
