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Independent Contractor Equity Agreement
"I need an Independent Contractor Equity Agreement for a software developer who will receive 2% equity vesting over 4 years, with a one-year cliff and monthly vesting thereafter, starting March 1, 2025."
Your data doesn't train Genie's AI
You keep IP ownership of your information
1. Parties: Identification of the company and the independent contractor
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement including 'Equity', 'Services', 'Vesting'
4. Equity Grant: Details of the equity being granted including amount, type, and terms
5. Vesting Schedule: Timeline and conditions for equity vesting
6. Independent Contractor Status: Confirmation of contractor status and not employee relationship
7. Services: Description of services to be provided by contractor
8. Term and Termination: Duration of agreement and termination provisions
1. Acceleration Provisions: Terms for accelerated vesting in specific circumstances (used when offering change-of-control or other acceleration triggers)
2. Right of First Refusal: Company's right to purchase equity before sale to third party (used when company wants to control secondary sales)
3. Lock-up Agreement: Restrictions on sale during specified periods (used when preparing for potential IPO)
4. Drag-along Rights: Obligation to participate in company sale (used when company wants to ensure clean exit capability)
1. Equity Vesting Schedule: Detailed breakdown of vesting timeline and milestones
2. Services Description: Detailed scope of services to be provided
3. Company Capitalization Table: Current cap table showing contractor's position post-grant
4. Stock Plan Documents: Copies of relevant equity plan documents
5. Tax Elections: Required tax forms including 83(b) election if applicable
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