Articles related to the various legal doc and other matters on Groove Law.
Corporate documents including director, officer and office changes, resolutions and articles of amendment.
Authorizes the Corporation to pay a dividend of cash or property to shareholders.
Issue shares to a controlling shareholder or a person for a nominal amount of money. Please contact your lawyer to discuss whether this document is appropriate in the circumstances.
Change the corporation's registered office.
An option agreement is the formal agreement where options are granted to employees and others. They incorporate the provisions of an Option Plan.
Worker contracts, NDAs and online terms and privacy policies.
An advisor agreement is entered into with an independent contractor who provides advisory services to the Corporation. Often the person is compensated through stock options.
Independent Contractor Agreement
An independent contractor agreement is entered into with a person who will provide services to your business, but who is not an employee. Generally the person operates their own business.
An offer letter is a simple employment agreement that is typically used with lower-level employees, especially those who do not create intellectual property.
An employment agreement is a formal agreement which is entered into with employees.
A non-disclosure agreement is an agreement where one or both parties agree to keep the information of the other confidential. They are often used during preliminary discussions regarding a co
Where the corporation's ownership of its intellectual property is not clear, such as where development of the intellectual property began before incorporation, an assignment agreement is used
Terms of service are a legal agreement governing the use of your website or mobile app.
A privacy policy is a statement outlining the manner in which you collect personal information and is generally included on a website or mobile app.
A term sheet is a non-binding document which sets out the key terms of an investment. Once the parties agree on a term sheet, the transaction documentation is then drafted.
Common founder agreements including shareholder, vesting, IP assignment and transfer agreements.
A shareholders agreement is an agreement between the corporation and all of its shareholders governing the manner in which a corporation is to be managed, when shares can be transferred and h
A reverse vesting agreement is an agreement through which a shareholder (typically a founder) becomes entitled to their shares over a period of time (the vesting period). If certain events oc
Stock option plan and agreements.
An option plan sets out the terms and conditions through which options may be granted to employees and others.
Investor and lender agreements, including convertible loans and SAFEs.
A promissory note is a document which confirms the amount and terms of a loan.
Subscription Agreement (Issue Shares to Investor)
Issue shares to an investor using certain prospectus exemptions.
SAFE (Simple Agreement for Future Equity)
A Simple Agreement for Future Equity is a standardized form of a convertible loan where a loan is converted into equity during a future funding round. Some provisions are negotiated.
A convertible loan is a loan which may be converted into shares at a later date in accordance with its terms. The conversion terms are negotiated by the parties.
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