Sweat Equity Agreement

WHAT’S IT FOR?

Trying to balance retaining key team members or founders with a tight budget in your startup is tough. Many startups tackle this by setting up “sweat equity” arrangements, particularly in a high-growth business. This means workers provide their labour in exchange for equity in the company. It’s crucial to document these arrangements properly to ensure your stake in the business is protected, and you maintain a good, long-term relationship with your key staff members and service providers.

WHAT’S INCLUDED?

We’ll draft a Sweat Equity Agreement.

This package includes:

• Drafting a Sweat Equity Agreement
• Phone consultations (up to 60 minutes) with a Sprintlaw lawyer who will take your instructions, advise you on the legal issues you need to know and answer your questions about the agreement
• 1 x complimentary amendment to the final draft we provide you, as long as you request the amendment within 10 business days of us delivering the final draft