Docstoc

Sweat Equity Agreement

Document Sample
Sweat Equity Agreement Powered By Docstoc
					This is an agreement between a purchaser and a vendor for the sale of shares in a
company whereby the purchaser satisfies the purchase price with sweat equity. Sweat
equity is defined as the labor and time devoted to serving a particular company or
project. If the company does not increase in value due to the purchaser’s sweat equity,
the vendor will have the option to buy back the shares at a set price. This agreement
can be used by individuals or entities that want to enter into a transaction for the
purchase and sale of shares by using sweat equity as payment consideration.
                                SWEAT EQUITY AGREEMENT


THIS AGREEMENT made as of the ____ day of ______________, 201_____.

BETWEEN:

                _________________________________,
                (the “Purchaser”)
                                        and

                _________________________________,
                (the “Vendor”)
                               
				
DOCUMENT INFO
Description: This is an agreement between a purchaser and a vendor for the sale of shares in a company whereby the purchaser satisfies the purchase price with sweat equity. Sweat equity is defined as the labor and time devoted to serving a particular company or project. If the company does not increase in value due to the purchaser’s sweat equity, the vendor will have the option to buy back the shares at a set price. This agreement can be used by individuals or entities that want to enter into a transaction for the purchase and sale of shares by using sweat equity as payment consideration.