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Independent Contractor Equity Agreement
"Need an Independent Contractor Equity Agreement for a Singapore tech startup engaging a senior software developer, offering 2% equity vesting over 3 years starting January 2025, with standard IP assignment and non-compete provisions."
1. Parties: Identification of the company and the independent contractor
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Services: Description of services to be provided by the contractor
5. Equity Compensation: Details of equity grant, including type, amount, and vesting schedule
6. Independent Contractor Status: Clear statement of independent contractor relationship and its implications
7. Term and Termination: Duration of the agreement and conditions for termination
8. Confidentiality: Protection of confidential information and trade secrets
9. Governing Law: Specification of Singapore law as governing law and jurisdiction
1. Non-Competition: Restrictions on competitive activities during and after the contract term
2. Assignment of IP: Transfer of intellectual property rights created during the service period
3. Tax Indemnity: Provisions regarding tax obligations and indemnifications
4. Change of Control: Provisions addressing company sale, merger, or other significant corporate changes
1. Schedule 1: Service Description: Detailed scope of services to be provided by the contractor
2. Schedule 2: Equity Terms: Detailed terms of equity grant, including vesting schedule and conditions
3. Schedule 3: Company Capitalization Table: Current company ownership structure and share distribution
4. Appendix A: Share Rights and Restrictions: Detailed description of share class rights, restrictions, and obligations
5. Appendix B: Shareholders' Agreement Terms: Relevant terms from existing shareholders' agreement applicable to the contractor
Authors
Applicable Laws
Board
Business Day
Company
Confidential Information
Contractor
Contractor Services
Effective Date
Equity Compensation
Fair Market Value
Fully Diluted Basis
Grant Date
Intellectual Property Rights
Material Breach
Notice
Ordinary Shares
Parties
Service Fee
Share Capital
Shareholders' Agreement
Singapore
Term
Termination Date
Vesting Commencement Date
Vesting Period
Vesting Schedule
Work Product
Engagement and Services
Independent Contractor Status
Equity Grant
Vesting
Service Fees
Performance Standards
Representations and Warranties
Confidentiality
Intellectual Property Rights
Non-Competition
Non-Solicitation
Data Protection
Tax Matters
Term and Termination
Effect of Termination
Assignment and Transfer
Share Rights and Restrictions
Tag-Along Rights
Drag-Along Rights
Pre-emptive Rights
Board Matters
Notices
Force Majeure
Dispute Resolution
Governing Law
Entire Agreement
Amendments
Severability
Waiver
Counterparts
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