What are common mistakes in equity agreements?
An example of an AI chatbot conversation about legal issues and mistakes in equity agreements.
What are common mistakes in equity agreements?
Common mistakes include unclear terms, lack of vesting schedules, and not addressing dilution.
Can you explain what a vesting schedule is?
A vesting schedule outlines when equity is earned over time, ensuring commitment from the recipient.
What happens if a company doesn't have a vesting schedule?
Without a vesting schedule, employees may leave with their full equity immediately, which can harm the company.
How can we avoid dilution in equity agreements?
To avoid dilution, consider setting a cap on future funding rounds and clearly defining ownership percentages.
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