How a Software & It Services Business Hired a Lawyer to Draft an Equity Compensation Agreement in Delaware

In 2023, a bootstrapped SaaS company based in Delaware sought assistance with drafting an equity compensation agreement as they prepared to hire a Chief Technology Officer. The client aimed to structure specific terms to incentivize the new hire to forego Seed funding and directly achieve a Series A round. With established revenue and a capable remote team, they needed an agreement that would delineate vesting conditions and performance metrics, all while allowing the client to maintain control over the contract. As a result, the client received seven proposals from licensed attorneys, with flat fee bids ranging from $750 to $1,000, all submitted to complete the work within the requested deadline of one week.