Sprintlaw offers smart, simple and affordable legal solutions for small businesses and startups.
Why do I need a Sweat Equity Agreement?
Under a Sweat Equity Agreement, employees or contractors receive equity in exchange for providing services to a business. It’s an important document for protecting both parties and establishing ground rules.
Drafting a Sweat Equity Agreement to meet the specific requirements of your business
Phone consultations with our expert lawyers
We’re an award-winning, totally online law firm. Forget the hassle of meeting a lawyer face-to-face. Our top-trained lawyers are ready to help wherever you are in Australia.
Our lawyers were recruited from Australia's top firms and use our custom-built technology to provide a better and more affordable legal service.
Commercial Contracts Lawyer
Corporate Specialist Lawyer
Intellectual Property Lawyer
1 / Get a free quote
Our legally trained consultants will prepare a fixed-fee quote for you.
2 / Accept online
Accept your fixed-fee quote and e-sign our engagement letter.
3 / Speak with a lawyer
Our expert lawyers will talk you through your project via phone, video call or whatever suits!
Receive your completed project, usually within 5 - 10 working days.
“Can't speak highly enough of my experience with Sprintlaw - quality advice, fast and efficient responsiveness and a professional product.”
“I had a fantastic experience with Sprintlaw - it was easy, cost-effective and their lawyers provided very high quality advice. I could tell they really cared about my business.”
“They’ve helped us tremendously and are seriously knowledgeable and honest. Couldn’t recommend the crew at Sprintlaw more!”
A Sweat Equity Agreement typically includes clauses setting out the amount of equity to be granted, and any milestones to the equity being granted. It also lays out the services to be provided by the worker and termination clauses.
Sweat Equity Agreements are usually used by startups to engage workers because they can’t afford to pay them at first. They are also sometimes used with software developers for similar reasons.
As an online law firm, we eliminate the headaches of paying us by the hour and finding time to meet with a lawyer in person. We communicate via phone, email and cloud conferencing — whichever suits you! We know you’re busy, so we’re only a click away. You’ll be guided through this process by our expert lawyers, who are Australian-qualified and were trained at leading law firms. They left the traditional corporate law sphere to help us make legal services better. Our lawyers specialise in technology, intellectual property, contract drafting, corporate and commercial law.
Our fixed-fee packages for Sweat Equity Agreements start at $1375 + GST. This includes a Sweat Equity Agreement drafted to meet your specific needs, phone consults with our expert lawyers, and a complimentary amendment to the final draft we provide to you.