Sweat equity agreement
Looking to bring in a co-founder or give equity to service providers? Our lawyers are experts in sweat equity, having drafted agreements for a multitude of high-growth startups and SMEs. We tailor arrangements to your needs.
The price is exclusive of GST, tax will be calculated during the checkout.
Protect yourself with bespoke legal documents
Don’t risk your business with a DIY template, an auto generated legal document or an unsuitable law firm.
Our team of expert commercial lawyers will tailor bespoke legal documents to suit your unique needs and prioritise the commercial considerations for your business success.
What you get:
- Free consultation
- Done for you tailored legal documents to suit your needs
- Initial drafting and review + one round of amendments
- Practical legal advice
- Fast turnaround times (5-7 days)
Paying for top Talent as a Startup can be Difficult
Startups in critical growth phases often struggle to balance tight budgets with the need to attract and remunerate top-tier talent. They will often seek sweat equity arrangements, where workers provide labour in exchange for equity in the company. However, they usually do not document these arrangements carefully enough.
How do you Mitigate the Risks?
You want to incentivise your early and long-term hires, but you need to ensure your company’s best interests are protected, particularly considering that working relationships don’t always work out. The worker may perform poorly, or they may want to leave before they’ve fully delivered. Sometimes, a change in personal circumstances or a change in the company’s direction may make the arrangement unsuitable to one or both parties.
Proceed confidently with a bullet-proof arrangement
Our lawyers are experts in sweat equity, having drafted agreements for a multitude of high-growth startups and SMEs. We tailor arrangements to your needs and include important protections:
- Precise commercial terms and vesting schedules to break things up to quantifiable milestones
- Clear termination mechanics to cater for different scenarios
- Special exit event provisions for when the business is sold
- Valuation methods to facilitate buybacks or resolve disputes
Frequently asked questions
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Can I do this myself?
The simple answer is yes – you could register your company yourself through the Australian Government’s Business Registration Service (BRS) or through a number of online providers if you wish. The true answer is that doing this is risky and not advised; even the most seasoned and experienced operators will often be unclear of the best structure required to suit their company’s strategy moving ahead. Realistically, for all startups, it is absolute best-practice to seek legal advice to tailor your company set-up to your needs.
Looking for practical legal advice?
Tell us about your legal needs and we’ll get back to you within 1 business day.
The simple way to buy legal protection
Enjoy fixed fees, discounted packages, and fast turnaround times.
- Order a document or package
Order the individual legal documents you need or save money by upgrading to a bundled package. - Talk to us
We’ll call you in the next 48 hours to confirm your details and needs. - Fast turnaround times
Our team of expert commercial lawyers will draft bespoke documents to suit your needs within 1 week. - Implement protection
Start using your new legal documents in your business to operate with protection and confidence.
Our client satisfaction guarantee
Built to empower startups and entrepreneurs, here is how we aim to set you up for success.
Expert commercial lawyers
Receive practical legal advice in uncomplicated English that prioritises the commercial considerations for your success.
Fast & responsive turnaround
Gain the speed advantage over your competition with our fast turnaround and responsive communication.
Fixed fee packages
Forget the 6 minute billables. Enjoy the transparency and affordability of our fixed legal fees, tailored to your needs.
Hear from our happy clients
We happily support startups and entrepreneurs in over 30+ industries all across Australia.
UI/UX Design Studio
5“Highly Recommend”
Been working with Doron for quite some time now. Always loved the responsiveness and professionalism. Highly recommend.
Philippe Hong Founder & Director @ Raw Studio @ Raw Studio
Software development agency
5“Ideal for any startup business”
Doron from UX Law has helped my startup and my software development agency with matters such as shareholder agreements, terms and conditions, development agreements, employment issues, debt collection, IP advice and much, much more. Besides his obviously high quality advice, Doron’s fast turnarounds, approachability and commercial understanding make him ideal for any startup business.
Vaibhav Namburi Director @ Five2One @ Five2OneWe helped with:
- Contracts
- Employing staff
- Protecting IP
- Setting up
Social e-commerce
5“Very knowledgable & very responsive”
UX Law and Doron have been excellent in supporting our business. Very knowledgable and very responsive which is important in fast-moving start-up space for us. They’ve recently advised us on a large capital raise as well as many other things along the way. Highly recommended!
Mat Colbron Co-founder @ Tell Me Baby @ Tell Me BabyWe helped with:
- Getting finance
Digital marketing platform
5“Always in your corner when needed”
Doron and the team at UX Law have a unique combination that is missing in many legal firms. They have wide knowledge across the legal spectrum with a personal touch. They truly partner with businesses they work with and are always in your corner when needed.
Shai Luft Co-founder @ Bench @ BenchWe helped with:
- Contracts
- Setting up
Catering and Hospitality Platform
5“Sort your stuff out and move forward with a clean slate”
Doron and UX Law have been amazing sorting out through the mess other lawyers and advisors created in our business. We had a great deal of things and an endless list to be done which Doron has fearlessly been acting towards finishing as soon as possible. Progress has been great and since we got Doron on board we managed to fix up all past issues and even move into new avenues for the business like on-boarding investors. Would highly recommend him for any startup looking to raise funds. Sort your stuff out and move forward with a clean slate rather than a mess in the backyard that will prevent you from raising capital.
Petko Petkov Chief Executive Officer @ CHEFIN @ CHEFINWe helped with:
- Contracts
- Getting finance
- Setting up
Medical Supply Services
5“Exceptionally efficient and never leave you waiting”
The Staff at UX law have facilitated a seamless transition into the small business world. They are exceptionally efficient and never leave you waiting! Doron has allowed my business to thrive in the beginning stages and allowed us the directors to be able to focus on the business and have the best plan in place to better it! We are truely grateful for all the help and service UX law provide.
Shannon Hurvitz Podiatrist @ Pods Equity @ Pods EquityWe helped with:
- Setting up
Food & dining
5“Took away all the stress”
Extremely professional, reliable & efficient. Made the sale of my business very easy and took away all the stress of trying to understand a complicated contract. Doron was very easy to work with and I’m looking forward to working with him and his team in the future. I highly recommend their services.
Giorgina Venzin General Manager @ Venzin Group @ Venzin GroupWe helped with:
- Exits & aquisition
Cosmetic
5Easy to deal with and great results
UX Law is a responsive and transparent law firm which understands emerging companies. We appreciate their legal expertise, practical approach and fast turnaround times. Easy to deal with and great results.
Robbie Miller Co-Founder @ ZitStickaWe helped with:
- Contracts
- Protecting IP
Co-working space
5“Got us out of a situation that could’ve been catastrophic”
Fantastic service, Always made themselves available when needed. Great advice and got us out of a situation that could’ve been catastrophic for our business and very reasonably priced especially when compared to quotes from other firms. Highly recommend.
Alexander Eisman Founder @ Aeona @ AeonaWe helped with:
- Contracts
E-commerce
5“Very open, pragmatic and customer focussed”
Doron has been invaluable in assisting our startup get the foundation contracts and governance pieces in place. I have found him to be very open, pragmatic and customer focussed in supporting us both in advice and fee structure. I would highly recommend UX Law for any startups seeking help to build a solid foundation for their business to grow.
Stuart Maher Co-founder & CEO @ Coffee Better @ coffee betterWe helped with:
- Contracts
- Setting up
Protect yourself now or upgrade to a package and save
The Startup Package
- Unlimited contact us via phone or email*
- Legal health check
- Shareholders Agreement
- Software development agreement OR Terms for online businesses and software
- Trademark
The Legal Advisor Package
- Free consultation
- Tailored legal package complete with all the legal documents you need to protect your business
- Bundled package discounts
- Transparent fixed fees
- Fast turnaround times
The Intellectual Property Package
- Unlimited contact us via phone or email*
- Legal health check
- Trademark
- IP assignment deed
- NDA
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