Preincorporation 2025

See details

4.2 out of 5

22 votes

The document is a Preincorporation Agreement between a Promoter and Incorporators for the formation of a corporation. It outlines the roles, responsibilities, and agreements regarding the sale of shares, the authority of the Promoter, compensation details, corporate structure, initial directors and officers, employment contracts, and various legal provisions including arbitration and governing law. The agreement serves to establish foundational terms for the corporation's creation and operation.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out preincorporation with our platform

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open the preincorporation agreement in the editor.
Begin by entering the date of the agreement at the top of the form. This is crucial for establishing a timeline for your corporation's formation.
Fill in the names and addresses of both the Promoter and Incorporators. Ensure accuracy as this information is vital for legal identification.
Specify the name of your corporation and the number of shares to be sold. This section outlines your business identity and initial capital structure.
Complete sections regarding Promoter’s authority, representation, and compensation. Clearly define roles and expectations to avoid future disputes.
Detail corporate purpose, initial directors, and officers. This establishes governance and operational structure from day one.
Review all entries for accuracy before saving or exporting your completed document. Utilize our platform’s features to ensure everything is correct.

Start filling out your preincorporation agreement today for free on our platform!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Who is personally liable for the preliminary contracts?

PRELIMINARY CONTRACTSPROVISIONAL CONTRACTS Promoters are liable on preincorporation contracts unless covered under Special Relief Act. Company is liable on provisional contracts but only after getting eligibility for commencement.4 more rows

Who can ratify a pre-incorporation contract?

The directors may simply write a letter to confirm and ratify a pre-incorporation agreement. The company may pass a resolution at a meeting regularly convened by the company. It may be done by the Board of Directors resolution communicated to the parties ratifying the contract.

What are preliminary contracts in company law?

Preliminary Contracts or Pre-Incorporation Contracts: When the contracts are agreed, on behalf of the company, before its incorporation they are called the preliminary or pre-incorporation contracts.

What does incorporation mean in a contract?

An incorporation agreement is a contract between two parties that wish to go into business together and intend to form an incorporation to do so. The contract states who each party is, what their roles and responsibilities are, and what will happen if either party fails to fulfill their obligations under the contract.