If you can find an option pool agreement for free – stay away from it. As others have cautioned, using something found online as an option pool contract can cause a ton of problems. Can you imagine the headaches and legal costs that would come with cleaning up an unenforceable option pool years after it was supposed to be validly entered into?
Simply put – this is not the type of agreement to mess around with. To save money, stay away from the traditional law firms who will most certainly overcharge you and instead opt for a startup attorney in a small firm or sole proprietorship. These attorneys often come from large firms themselves, but are sick of the lifestyle and billing practices.
Feel free to price out an employee option pool agreement at. We are a legal platform that connects companies to affordable, yet experienced, business attorneys. Our price quotes are completely free and easy to submit so check us out. Good luck!