I will draft a custom founder advisor standard template fast agreement
Licensed US Attorney Protecting Your Startups Future
About this Gig
The Founder Advisor Standard Template (FAST) is popular among startups, but using it "as-is" without a licensed attorney's oversight can lead to catastrophic equity dilution. I am Michael L. Grassi, a licensed U.S. Attorney (Bar ID #273465). I will customize and draft a bulletproof FAST agreement that aligns with your specific capitalization table and protects your founder equity.
Generic FAST templates often lack necessary protections regarding vesting cliffs, termination for cause, and change-of-control acceleration. I bridge that gap.
My customized FAST Agreement covers:
- Equity Grants: Clear delineation of Restricted Stock vs. Options.
- Vesting Schedules: Structuring time-based or milestone-based vesting (with cliffs) so advisors must earn their shares.
- Acceleration Clauses: What happens to the advisor's equity if your company is acquired.
- Termination Rights: Ensuring unvested equity returns to the company if the advisor fails to perform.
Protect your equity cap table. Choose a package to get a professionally customized, legally binding FAST agreement drafted by a real U.S. Attorney today.
Field of law:
Finance
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Business (corporate)
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Commercial
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FAQ
Why can't I just download the free FAST template?
The free template is a starting point, but it does not account for your specific state laws, your existing corporate bylaws, or custom vesting schedules.
What is a "Vesting Cliff"?
A cliff ensures an advisor receives no equity until they have served for a specific period (e.g., 3 months). I highly recommend this, and I include it in the Standard/Premium packages.
Does this document grant the actual stock?
This agreement sets the terms of the equity compensation. It works in tandem with your company's Stock Option Plan or Restricted Stock Agreement.
