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I will draft a reverse vesting agreement for startup founders
Licensed US Attorney, Premium Startup, Corporate and Equity Law Solutions
I am Laura D. Anderson, a licensed U.S. Attorney (Bar No. #006800) specializing in corporate law, startup formation, and equity structuring. With extensive experience drafting ironclad legal agreement...
About this Gig
Hello, I am Laura D. Anderson, a licensed U.S. Attorney (Bar #006800). When founders incorporate, they often issue all their shares upfront. If a founder leaves early, the company is at massive risk. The legal solution to this is Reverse Vesting.
Reverse vesting allows founders to own their shares immediately (giving them voting and dividend rights), but gives the company the legal right to buy back unvested shares if the founder departs. It is an absolute requirement for raising venture capital.
What I will draft for you:
- Comprehensive Reverse Vesting Agreements.
- Unvested Share Repurchase Rights.
- Stock Power and Escrow provisions to enforce the buy-back.
- Clear definition of "Cause" and "Good Reason" for termination.
- Acceleration provisions for Mergers & Acquisitions.
Do not risk your startup's future by leaving your founder equity unprotected. Get premium, investor-approved legal documentation drafted by an experienced U.S. corporate attorney. Send me a message via Fiverr to secure your cap table today.
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 the exact difference between normal vesting and reverse vesting?
In normal vesting, you earn shares over time. In reverse vesting, you get all shares upfront, but the company has the right to buy them back if you leave before the vesting period ends.
Why do venture capitalists and investors require reverse vesting?
Investors invest in the founders. If a founder leaves on day two with 50% of the company, the business is unfundable. Reverse vesting protects the investor's capital.
How is the buy-back price determined?
Typically, the company repurchases unvested shares at the original purchase price (often fractions of a penny per share for early startups), which I explicitly define in the contract.
Does this include a Stock Power document?
Yes, the Standard and Premium packages include a blank Stock Power assignment, which is legally required to allow the company to seamlessly execute the buy-back if needed.
Can we apply reverse vesting to an LLC?
Yes. While standard in C-Corps, reverse vesting mechanics can be drafted into LLC operating agreements or standalone unit restriction agreements.
