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Equity For Services Agreement
"I need an Equity For Services Agreement for my tech startup to engage a senior software developer who will receive 3% equity vesting over 3 years, starting March 2025, in exchange for building our core platform."
1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Services: Detailed description of services to be provided
5. Equity Compensation: Details of share allocation, vesting terms, and conditions
6. Term and Termination: Duration and termination provisions
7. Confidentiality: Protection of sensitive information
1. Non-Competition: Restrictions on competitive activities - include when protecting company interests from direct competition
2. Intellectual Property: IP ownership and transfer provisions - include when services involve creation of IP
3. Tax Indemnity: Tax-related protections and obligations - include when tax implications need specific addressing
1. Service Specification: Detailed breakdown of services to be provided
2. Vesting Schedule: Timeline and conditions for equity vesting
3. Share Rights: Specific rights attached to the shares being issued
4. Companies House Forms: Required statutory forms for share issuance
5. Existing Shareholders' Agreement: Reference to or extract of relevant provisions
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