I will write your founder stock vesting and cliff agreements
Licensed US Attorney, Premium Startup, Corporate and Equity Law Solutions
About this Gig
Hello, I am Laura D. Anderson, a licensed U.S. Attorney (Bar #006800). Protecting your companys shares is the most critical step in startup formation.
When founders receive shares upfront, it creates massive risk. A Founder Stock Vesting and Cliff Agreement (often structured as a Restricted Stock Purchase Agreement) ensures that founders earn their stock incrementally. If a founder leaves early, the company has the right to repurchase unvested shares, keeping your equity pool intact.
What I provide:
- Restricted Stock Purchase Agreements (RSPA): Tailored to your corporate structure.
- Custom Cliff Provisions: Protecting you from early co-founder departures.
- Repurchase Rights: Clear legal mechanisms for the company to recover unvested stock.
- Acceleration Clauses: Single-trigger or double-trigger acceleration upon a company sale.
I deliver meticulous, investor-ready legal drafting to ensure your cap table remains clean and compliant. Send me a message with your requirements, and let's get started on protecting your shares.
Field of law:
Business (corporate)
Target country:
United States
Legal consulting Gigs are not screened
Please note that there is no screening process for this service. We recommend that you message the freelancer and check all necessary details before placing your order. Pro freelancers in this category have gone through a vetting process. You can find more details here.
FAQ
What is a Restricted Stock Purchase Agreement (RSPA)?
An RSPA is a contract where a founder purchases shares upfront, but the shares are subject to "restrictions" (like a vesting schedule and company repurchase rights).
Does this gig include information on 83(b) elections?
Yes, I will include standard legal language acknowledging the founder's responsibility to file an 83(b) election with the IRS within 30 days.
What happens if a founder quits under this agreement?
The company retains the legal right to repurchase any unvested shares, usually at the original purchase price, protecting the remaining founders.
What is double-trigger acceleration?
It is a clause that fully vests a founder's shares if two events happen: the company is sold/acquired, AND the founder is terminated without cause shortly after.
Is this valid in my U.S. state?
Yes, as a licensed U.S. attorney, I draft these agreements to comply with general U.S. corporate law standards, including Delaware C-Corp requirements.
