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A FAST Agreement is a short, simple contract by which a company engages a person to act as its mentor or advisor.

Under a FAST Agreement, the person does not receive any cash compensation for his service in return but instead has the right to receive shares in the future. 

By using a FAST Agreement, the advisor serves as an independent consultant, not as an employee.

Under a FAST Agreement, the person does not receive any cash compensation for his service in return but instead has the right to receive shares in the future.
mutually beneficial to compensate an advisor with shares in the company. This agreement can be quickly documented with a Founder Advisor Standard Template (FAST).
  • Services you expect to receive from the advisor;
  • Type and amount of shares that the advisor will be entitled to receive;
  • Schedule for vesting of the shares;
  • Mechanism under which the advisor will receive shares; and
  • How long the notice period is for terminating the engagement.

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