Simple English definitions for legal terms
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Founder: A founder is someone who starts something new, like a company or organization. They might also provide money to help it grow. Another word for founder is settlor.
Definition: A founder is a person who establishes something, such as an organization or institution. They may also provide the necessary funds for its future needs.
Example 1: Bill Gates is the founder of Microsoft, a multinational technology company that he established in 1975.
Example 2: The founder of the university donated a large sum of money to ensure its continued success and growth.
These examples illustrate how a founder is someone who creates or establishes something, often providing the initial resources needed for its success. In the case of Microsoft, Bill Gates founded the company and provided the vision and leadership that allowed it to become one of the most successful technology companies in the world. Similarly, the founder of a university may provide the financial resources needed to establish the institution and ensure its continued growth and success.