A Restricted Stock Purchase Agreement (RSPA) is an agreement between a company and a co-founder by which restricted stock is issued. Generally, the RSPA states the material terms and gives certain rights to each party. An example being the reverse vesting provision (i.e., repurchase option), which is usually the most important part of an RSPA for a startup.
ACCELERATE YOUR STARTUP LAW KNOWLEDGE!
Startup Law doesn’t have to be a confusing maze. The practical knowledge in "Acceleration: What All Entrepreneurs Must Know About Startup Law" will help you make the smart decisions to protect your startup and its future. Available in ebook and hardcover.
Buy the Book on Amazon