[Consultation] Legal Review Before Receiving Stock Options

Law firm Veat conducted a legal review of the stock purchase option grant agreement.

A, who joined as a developer at IT startup B after receiving a stock purchase option grant agreement as a hiring condition, requested this law firm Veat to review the agreement to see if there were any unfavorable parts.

Accordingly, law firm Veat confirmed that B was registered as a venture company and, considering this case, conducted a comprehensive review of this stock purchase option grant agreement, considering that “Special Act on Measures for Fostering Venture Companies” (hereinafter referred to as the Venture Company Act) applies preferentially over the Commercial Code.

The stock purchase option is different depending on whether the granting company is a venture company, a private non-listed company, or a listed company, starting from the legal regulations that serve as the basis for granting stock purchase options. Because contracts violating relevant laws may become invalid, it is necessary to proceed with the help of experienced professionals with extensive consultation experience.

Law firm Veat provides advice from the perspectives of both the company granting the stock purchase option and the recipient, based on its diverse experiences, and strives to achieve results that satisfy both parties to the fullest extent.
If you need assistance with stock purchase option grant agreements (stock option grant agreements), please feel free to contact Law firm Veat at any time.

Thank you.