Advisors are typically business or technical people that lend their time and expertise to a company in exchange for equity. The agreement is used by entrepreneurs and advisors to establish productive working relationships, trading advice and support for a stock options or restricted stock in the company.
This Website Purchase Agreement covers all of the critical points of a transaction including:
-Related Assets included in the sale (e.g. IP, Brand, Records, Third Party Agreements, Domains, Social Media)
-Payment provisions
-Pre and Post – Closing Obligations
-IP assignment
-Warranties
-Reciprocal indemnification provisions
-A non-compete clause