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Consulting For Equity Agreement
"I need a Consulting For Equity Agreement for a Saudi tech startup engaging a foreign AI consultant, where the consultant will receive 2% equity vesting over 24 months starting March 2025, with standard non-compete and IP protection clauses."
1. Parties: Identification of the Company and the Consultant, including full legal names and registration details
2. Background: Context of the agreement, including the Company's business and the Consultant's expertise
3. Definitions: Key terms used throughout the agreement, including technical, financial, and legal definitions
4. Scope of Services: Detailed description of consulting services to be provided
5. Equity Compensation: Details of equity grant, including amount, type of shares, and vesting schedule
6. Service Terms: Duration, time commitment, and delivery requirements for consulting services
7. Regulatory Compliance: Provisions ensuring compliance with Saudi law and Sharia principles
8. Representations and Warranties: Statements of fact and guarantees from both parties
9. Confidentiality: Protection of company information and trade secrets
10. Intellectual Property: Ownership and rights to work product and pre-existing IP
11. Term and Termination: Duration of agreement and circumstances for early termination
12. General Provisions: Standard legal clauses including governing law, notices, and amendment procedures
1. Non-Competition: Restrictions on Consultant's ability to work with competitors, used when Consultant has access to sensitive information
2. Foreign Investment Provisions: Additional clauses required when Consultant is a foreign entity/individual
3. Board Observer Rights: Rights of Consultant to attend board meetings, included for strategic consultants
4. Tag-Along Rights: Rights to participate in future share sales, included for significant equity stakes
5. Regulatory Approvals: Process for obtaining necessary government approvals, included when required by stake size or industry
6. Shareholder Rights: Additional rights as shareholder, included for larger equity grants
1. Schedule A - Services Description: Detailed scope of work and deliverables
2. Schedule B - Equity Terms: Detailed terms of equity issuance, including vesting schedule and conditions
3. Schedule C - Company Information: Corporate details, capital structure, and existing shareholders
4. Schedule D - Milestones: Performance targets linked to equity vesting
5. Appendix 1 - Required Regulatory Approvals: List of necessary government and regulatory approvals
6. Appendix 2 - Share Transfer Forms: Templates for share transfer documentation
7. Appendix 3 - Shareholder Resolution: Required corporate approvals for equity issuance
Authors
Affiliate
Applicable Law
Board
Business Day
Capital Market Authority
Company
Company Securities
Confidential Information
Consultant
Consulting Services
Deliverables
Effective Date
Equity Compensation
Exercise Date
Fair Market Value
Fully Diluted Basis
Grant Date
Intellectual Property Rights
Material Adverse Change
Ministry of Commerce
Ordinary Shares
Person
Pre-existing IP
Project
Quarter
Related Party
Regulatory Approvals
Representatives
Service Period
Services
Share Capital
Shareholder
Shareholders' Agreement
Sharia
Subsidiary
Term
Territory
Transfer
Vesting Date
Vesting Period
Vesting Schedule
Work Product
Appointment
Scope of Services
Consultant Obligations
Company Obligations
Equity Compensation
Vesting
Share Issuance
Performance Standards
Term and Duration
Termination
Consequences of Termination
Representations and Warranties
Confidentiality
Intellectual Property
Non-Competition
Non-Solicitation
Data Protection
Regulatory Compliance
Sharia Compliance
Foreign Investment Compliance
Board and Shareholder Approvals
Independent Contractor Status
Time Commitment
Exclusivity
Expenses
Taxes
Assignment
Force Majeure
Dispute Resolution
Governing Law
Notices
Amendment
Entire Agreement
Severability
Third Party Rights
Counterparts
Language
Technology
Financial Services
Management Consulting
Healthcare
Education Technology
Real Estate Development
Manufacturing
Renewable Energy
Digital Transformation
E-commerce
Entertainment
Tourism
Professional Services
Legal
Finance
Corporate Development
Human Resources
Compliance
Board Secretariat
Strategy
Business Development
Executive Leadership
Chief Executive Officer
Chief Financial Officer
General Counsel
Legal Director
Corporate Secretary
Business Development Director
Strategy Consultant
Management Consultant
Technical Advisor
Industry Expert
Financial Advisor
Board Member
Company Director
Compliance Officer
HR Director
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