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Equity For Services Agreement
"Need an Equity For Services Agreement for a Singapore tech startup engaging a senior software architect, offering 5% equity vesting over 3 years starting March 2025, with standard IP assignment and non-compete clauses."
1. Parties: Identification of the service provider and the company
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Services: Detailed description of services to be provided
5. Equity Compensation: Details of shares/options to be issued, including quantity, class, and vesting schedule
6. Term and Termination: Duration of agreement and termination provisions
7. Representations and Warranties: Standard declarations by both parties
8. Confidentiality: Protection of confidential information
9. Governing Law: Specification of Singapore law as governing law
1. Non-Compete: Restrictions on competitive activities - use when protecting company interests from competition
2. Intellectual Property: IP ownership and transfer provisions - use when services involve creation of IP
3. Performance Metrics: Specific targets or KPIs - use when equity is tied to performance
4. Board Seat: Rights to board representation - use when service provider receives substantial equity
1. Service Description Schedule: Detailed scope of services
2. Vesting Schedule: Detailed timeline of equity vesting
3. Share Certificate: Template or copy of share certificate
4. Performance Metrics Schedule: Detailed KPIs if applicable
5. Company Constitution Extract: Relevant sections of company constitution regarding share issuance
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