Startup founders agreement template – Can the free legal documents offered on the Internet be a replacement for consulting with a lawyer?
In some instances, most definitely.
To provide a simple example: The law in your state may require a written contract for the sale of goods over a certain value. Or for that matter, you may want to grant your parent a power of attorney to sell something on your behalf whilst away on holiday. It does not require specialized legal knowledge to compile a bill of sale for a motorcycle, automobile or other goods or to draw a limited power of attorney.
Similarly, a young person without plenty of assets might want to draft a final will and testament or a living will. For most young people a conventional legal template can be used to make their documents and the forms can be downloaded free from the Internet, without incurring legal costs. Of course, it’ll be a different case for a billionaire with various assets and a complex will where consultation with a legal and/or financial expert is invaluable.
Many parents recognize the need for a medical consent form for a babysitter in the event of a medical emergency. Or they might need a broader temporary guardianship form if their child will be staying with a family member or trusted friend. These sample forms are publicly available online.
Free legal documents are particularly valuable when they are also accompanied by legal guidelines on how best to complete them.
Although the law recognizes oral agreements, it always makes sense to get it in writing to avoid arguments over what exactly was agreed upon. Using sample legal documents to compile your own contracts is not any different to lawyers using their present templates for standard agreements.
Of course there are several instances where you must consult with a lawyer. Again, you can use the free legal documents and free legal information available on the Internet to do your preparation ahead and so lower the consulting period – and hours billed. Please have a look our startup founders agreement template on the attachment page.
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