Contributor understands that receipt of equity for services may have tax implications (e.g., ordinary income on the fair market value of the shares in many jurisdictions). Contributor should consult a tax advisor.
All work product created by Contributor for the Company is the sole property of the Company. Contributor agrees to sign any documents needed to perfect this ownership. sweat equity agreement
Contributor agrees to perform: [description of work, e.g., software development, marketing, business planning, etc.] Estimated time commitment: [hours per week / project milestone dates] Contributor understands that receipt of equity for services
[Date] Between: [Company Name] (“Company”) And: [Contributor Name] (“Contributor”) Contributor agrees to sign any documents needed to
Below is a of a typical sweat equity agreement. You would need to customize it for your jurisdiction and specific situation. SWEAT EQUITY AGREEMENT
Upon completion of the services, the Company will grant Contributor [Number] shares / [X]% ownership, subject to vesting.
[State/Country]