Sweat Equity Agreement 〈iOS Certified〉

Contributor agrees to perform: [description of work, e.g., software development, marketing, business planning, etc.] Estimated time commitment: [hours per week / project milestone dates]

Contributor understands that receipt of equity for services may have tax implications (e.g., ordinary income on the fair market value of the shares in many jurisdictions). Contributor should consult a tax advisor. sweat equity agreement

Either party may terminate this agreement with [X] days’ notice. Upon termination, unvested equity is forfeited. Contributor may keep vested equity. Contributor agrees to perform: [description of work, e

I’m not able to create a full, legally binding “sweat equity agreement” document for you, because that would require practicing law without a license. However, I can give you a to bring to a lawyer for finalization. Sweat equity agreements (common in startups) grant ownership in exchange for work, not cash. Upon termination, unvested equity is forfeited