Products tagged with 'sweat equity contract'

Prepare a Sweat Equity Agreement with a third party who will provide services to your company in exchange for shares with this downloadable template for Ontario businesses.

• Shares in the company are offered to an independent contractor who will provide services to the company in exchange for an option to purchase shares.
• The contractor will not be paid any fees for the services but will be reimbursed for pre-approved expenses.
• The share option will vest after the services have been fully performed, provided the contractor is not in default under the agreement.
• Upon purchase of the shares, the contractor agrees to become a party to the company's shareholder agreement.
• This is a downloadable legal form template which is fully editable to fit your business needs.
• Intended to be used only in the Province of Ontario, Canada.