Vol. I · No. 01 · For Indian co-founders

Don't split equity
on day one.
Earn it.

The Partners is a private deal room where co-founders declare equity ranges — a guaranteed floor and a best-case ceiling — sign an NDA and partnership agreement under the Indian Contract Act, and put their commitments on record. The final share is settled by a human audit of what each partner actually delivered.

Note — Free to use. No credit card. Templates align with §10 of the Indian Contract Act, 1872. Drafted to be lawyer-checkable before incorporation.

Schedule A · Equity Ledger
Lumen Labs
Status
Ranges locked
0
25
50
75
100
Partner A
Tech / CTO
35.055.0%
Partner B
Product / CEO
30.050.0%
Audit Pool
decided after delivery
15.0%
Indian Contract Act · §10Witnessed · in-platform
Fig. 1
A deal room with ranges declared, audit pool reserved.
100%
Equity accounted for
₹0
To start a deal room
1872
Indian Contract Act, §10
60s
Commitment video
Part I — Procedure

Four clauses, in order.

The platform follows the same sequence a partnership deed does. Each step is signed before the next is opened, so you can stop at any point with everything still on the record.

  1. 01
    § Identify

    Register & verify

    Sign up, verify your email with a one-time code, and complete your founder profile. Each partner is identified by name and contactable email.

  2. 02
    § Convene

    Open the deal room

    Name the venture, describe what you're building, and invite your co-founder. Private from day one — only invited partners see the inside.

  3. 03
    § Declare

    Set ranges, not splits

    Each partner declares a floor and a ceiling for equity, along with role, weekly hours, and milestones. Ranges lock once both partners agree.

  4. 04
    § Record

    Sign & put it on record

    Sign the NDA and agreement under the Indian Contract Act, 1872. Record a sixty-second commitment video. The deal room remains the source of truth.

Part II — Schedules

What gets put on paper.

Schedule A

Equity as a range, not a number

Declare a guaranteed floor and a best-case ceiling. The exact share is earned by what you actually do — settled by audit, not by who argued hardest.

Signable · downloadable
Schedule B

NDAs under §10 of the Act

Confidentiality, IP, and non-compete clauses generated for your venture, ready to sign in-platform and download as a sealed PDF.

Signable · downloadable
Schedule C

Commitment, on the record

A sixty-second video, recorded in your browser, in your own voice. What you said you'd do — kept beside what you signed.

Signable · downloadable
Part III — Provisions

Sound familiar?

Eighty per cent of Indian startups have no formal founder agreement until funding or conflict forces one. These are the conversations the deal room is built to prevent.

Exhibit A

How do we split equity? 50-50 feels wrong, but I don't want to offend my best friend.

Exhibit B

₹25,000–₹50,000 per founder for legal docs? We're bootstrapped. We can't afford that.

Exhibit C

We split 50-50 verbally. Now my co-founder works ten hours a week and still wants the same equity. We have no proof.

47%
of Indian startups fail due to co-founder conflict

Most disputes are over equity. The deal room makes the equity story refutable — with signatures, ranges, and video, all timestamped.

What the platform actually does.

Four concrete provisions, each addressed to a real failure mode.

Clause § 01

Nobody gets cheated on equity

Ranges (30–35%, 20–25%) are set against hours, skills, and milestones. When someone doesn't deliver, the record shows it — no awkward fight needed.

Founder A (technical) → 40–45%. Founder B (sales) → 30–35%.

Clause § 02

Protect IP from day one

Auto-generated NDAs cover IP, confidentiality, and non-compete. Valid under Indian law. Sealed PDF in two minutes — without the ₹15,000 lawyer bill.

Covers trade secrets, customer data, code ownership, non-compete.

Clause § 03

Promises, on the record — literally

Each co-founder records their commitment on camera. If someone changes the story later, the camera has the original version.

Once a thing is on video, people keep their word. Commitment plus proof.

Clause § 04

CA-verified within 48 hours

Every partnership gets a quick review by a CA-qualified legal team — red flags surfaced, Indian-law compliance confirmed.

Equity math, vesting, IP clauses, non-compete validity.

Part IV — Comparison

Why not just use Google Docs?

Fair question. Here's the honest comparison.

ProvisionThe PartnersGoogle DocsHire a lawyer
CostFreeFree₹25K–₹50K
Time to complete15 min2–3 hr2–4 wk
Legal validity
Video commitments
CA verification

Google Docs is free but unenforceable. Lawyers are enforceable but slow and expensive. The Partners is the middle path — generated under the same code lawyers cite, signed in the same room.

Part V — On the record

Real founders, real records.

We almost lost our CTO over a 5% equity fight. The Partners helped us settle it 35-32-33 based on actual hours logged. Saved the company.
RS
Rahul Sharma
Co-founder, FinGrow
Saved ₹40,000 in lawyer fees. NDAs and equity agreement, done in one afternoon. The video commitment is genius.
PK
Priya Kapoor
Founder, EduSync
Ranges made the negotiation calm. Nobody felt locked in too early. CA verification was the part that gave us real peace of mind.
AM
Amit Mehta
CTO, LogiStack
Part VI — Queries

Questions. Answered.

01

Is this legally binding under Indian law?

Yes. Documents are generated under the Indian Contract Act, 1872 and the Companies Act, 2013. Every partnership is reviewed by a CA-qualified team within 48 hours.

02

What if we disagree on equity later?

That is exactly what the video commitments and signed NDAs are for. If someone changes the story later, there is contemporaneous, signed proof of what was agreed.

03

Is it really free? What is the catch?

Yes — the base plan is free, no card required. Pro (₹4,999) and Enterprise (₹14,999) plans pay for priority CA review and custom clauses.

04

Who owns the video recordings?

You do. Recordings are stored on Indian infrastructure and are visible only to co-founders in your deal room. You can download or delete them at any time.

05

Can we use this if we already have a verbal agreement?

That is the best time. Verbal agreements have no legal standing — document it now, before conflict arises.

Part VII — Principle
“Every co-founder split written on day one is a guess. Make the guess auditable.
The Partners — Editorial
Article VIII — Begin

Open a deal room.
Invite your co-founder.

Free to use. No card. Your room stays private — only invited partners and (if you request one) a human auditor can ever see inside.