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A co-founder agreement is essential for preparing co-founders for potential disputes, ensuring they remain amicable even if the partnership ends. It's akin to a pre-nuptial agreement. This video, presented by startup lawyer Feijo, discusses the importance of a co-founder agreement, key terms to consider, and its lifecycle. Notably, disagreements among co-founders are a leading cause of startup failures. A co-founder agreement serves as a simplified shareholders agreement, particularly relevant for startups raising funds through instruments like YC SAFE, which delay share issuance until a valuation occurs. The video emphasizes the significance of being proactive about these agreements to prevent conflicts.