Document background
The Cofounder Agreement serves as a foundational document for new business ventures in Malaysia, typically used when two or more individuals join forces to establish a company. It becomes particularly crucial in the early stages of business formation, before or shortly after company incorporation. This agreement addresses critical aspects such as capital contributions, equity splits, roles, voting rights, and exit mechanisms, all while ensuring compliance with Malaysian corporate law. It helps prevent future disputes by clearly documenting the founders' understanding and expectations, incorporating local legal requirements while following international best practices for startup governance. The document is especially important given Malaysia's growing startup ecosystem and can be customized for various business models and industries while maintaining its core protective functions.
