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Services For Equity Agreement
"I need a Services For Equity Agreement under Belgian law for a software development consultant who will provide technical architecture services to our fintech startup for 12 months starting March 2025, in exchange for 3% equity vesting over 2 years."
1. Parties: Identification of the service provider and the company, including registration details and addresses
2. Background: Context of the agreement, including company's need for services and basis for equity compensation
3. Definitions: Key terms used throughout the agreement, including types of shares, services, and relevant corporate events
4. Services: Detailed description of services to be provided, including scope, deliverables, and quality standards
5. Equity Compensation: Details of equity grant, including type of shares, quantity, vesting schedule, and conditions
6. Independent Contractor Status: Clear establishment of independent contractor relationship and tax implications
7. Term and Termination: Duration of the agreement and circumstances for termination
8. Representations and Warranties: Statements of fact and guarantees from both parties
9. Confidentiality: Protection of company's confidential information and trade secrets
10. Intellectual Property: Ownership and transfer of IP created during service provision
11. Tax and Social Security: Responsibilities for tax payments and social security contributions
12. Governing Law and Jurisdiction: Application of Belgian law and jurisdiction for disputes
13. General Provisions: Standard clauses including notices, amendments, and severability
1. Non-Competition: Restrictions on competing activities, optional based on service provider's role and market sensitivity
2. Non-Solicitation: Restrictions on soliciting company's employees or clients, optional based on service provider's exposure
3. Share Transfer Restrictions: Additional restrictions on transfer of shares, needed if company has specific shareholder agreements
4. Board Observer Rights: Rights to attend board meetings, optional for strategic service providers
5. Performance Metrics: Specific KPIs or performance standards, optional for quantifiable services
6. Drag-Along/Tag-Along Rights: Special share transfer rights, optional for significant equity stakes
7. Insurance Requirements: Professional liability insurance obligations, optional based on service nature
8. Alternative Dispute Resolution: Mediation or arbitration provisions, optional alternative to court jurisdiction
1. Schedule 1 - Services Description: Detailed scope of services, deliverables, and timelines
2. Schedule 2 - Equity Vesting Schedule: Detailed vesting terms, including milestones and acceleration events
3. Schedule 3 - Share Capital Structure: Current company share capital structure and share classes
4. Schedule 4 - Intellectual Property Rights: List of specific IP being created or utilized
5. Schedule 5 - Company Policies: Relevant company policies applicable to service provider
6. Appendix A - Share Certificate: Form of share certificate to be issued
7. Appendix B - Tax Elections: Required tax forms and elections
8. Appendix C - Service Provider Qualifications: Relevant qualifications and certifications of service provider
Authors
Technology
Professional Services
Software Development
Consulting
Digital Media
Financial Technology
Healthcare Technology
E-commerce
Biotechnology
Clean Technology
Educational Technology
Creative Industries
Marketing and Advertising
Business Services
Research and Development
Legal
Finance
Human Resources
Executive Leadership
Corporate Development
Operations
Compliance
Board of Directors
Company Secretariat
Strategic Planning
CEO
Founder
Legal Counsel
Business Development Manager
Technical Consultant
Marketing Strategist
Financial Advisor
Software Developer
UX/UI Designer
Product Manager
Strategic Advisor
Management Consultant
Technology Architect
Content Strategist
HR Consultant
Operations Consultant
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