How a Consumer Hired a Lawyer to Draft an Equity Compensation Agreement in North Carolina

In 2022, an individual in North Carolina sought assistance with drafting an equity compensation agreement for a computer game project that he was leading as the primary software developer. Although he had previously created a simple one-page contract with the lead designer, he aimed to establish a more formal agreement to ensure proper compensation for any revenue generated from the project, as it was not associated with a legal entity. Given the challenges the team faced over the past few years, the client wanted to solidify their arrangements as the project resumed progress. As a result, the client received three proposals from qualified attorneys, with flat fee bids ranging from $365 to $995, all submitted to meet his timeline of over a week.