What is it?
A Vesting Deed is a document which sets out a scheme called ‘share vesting’. Individuals can earn shares in the company in reward for loyalty and meeting certain milestones or metrics. They essentially ‘earn’ shares in the company through loyalty or high performance. Typically shares are given to (or ‘vested’) in the employee or co-founder at pre-determined points in time. For example 25% of their shares after a year, the next 25% after two years, and so on. If the employee or co-founder leaves before the shares have been fully vested in them, the deed ensures that they must sell back the unvested shares at cost price. This is probably going to be a great deal for your company as it has most likely grown in value in this time.
Why Cubed by Law Squared? (No DIY template docs here)
Cubed by Law Squared offers legal documents for your business at an affordable price. This means no more copy-and-pasting important legal documents!
What will I get?
You will speak to a real human lawyer to help understand what Cubed documents your business actually needs.
Clean and simple legal documents drafted by lawyers with early stage businesses in mind.
A quick and efficient way of getting the right documents for your business to take you from ideation and MVP to your first Seed fundraising round.
Access to great early stage content to help you navigate the legal aspects of early stage businesses.
How do I get it? (We need to know a little more about you)
After speaking with one of our lawyers and agreeing to work with us, our plain-English and user-friendly bot will ensure we get the information we need.
From here we create and tailor the documents to match your business’ requirements as well as industry specifics. This means you won’t be caught short if things don’t go to plan!