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Services For Equity Agreement Template for Belgium

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Key Requirements PROMPT example:

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."

Document background
The Services For Equity Agreement is commonly used in the Belgian startup and scale-up ecosystem where companies seek to conserve cash while accessing valuable services and expertise. This document is particularly relevant when companies want to align service providers' interests with long-term business success by offering equity instead of immediate cash compensation. The agreement must comply with Belgian corporate law, particularly the Belgian Companies and Associations Code, while addressing tax implications and securities regulations. It typically includes detailed provisions on service scope, equity structure, vesting schedules, and protection mechanisms for both parties. This type of agreement is especially valuable for early-stage companies, professional service providers, and strategic consultants who are willing to accept equity as compensation for their services.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions








































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Relevant Industries

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

Relevant Teams

Legal

Finance

Human Resources

Executive Leadership

Corporate Development

Operations

Compliance

Board of Directors

Company Secretariat

Strategic Planning

Relevant Roles

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

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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