Knowledge for Equity Contract
The formal terms that govern the exchange of knowledge for equity between a business owner and a mentrepreneur.
Mentrepreneurship Agreement
Knowledge for Equity
Parties
This Knowledge for Equity Agreement ("Agreement") is entered into between ____________________ ("Business Owner") and ____________________ ("Mentrepreneur"), collectively referred to as the "Parties."
1. Purpose
The Business Owner agrees to share knowledge, guidance, and hands-on experience with the Mentrepreneur in exchange for the Mentrepreneur's time, effort, and the equity described in this Agreement.
2. Knowledge & Guidance
The Business Owner will provide mentorship, instruction, and practical exposure to the operations of the business, including the skills and insights gained through building and growing it.
3. Contribution
The Mentrepreneur will contribute their time and effort toward the work of the business, acting in good faith to support its growth and success.
4. Equity in New Ventures
If the Mentrepreneur starts a new business founded on the knowledge gained through this Agreement, the Business Owner shall receive an equity stake of ______% in that new venture, as agreed by both Parties.
5. Term
This Agreement begins on ____________ and continues for a period of ____________, unless ended earlier by mutual written agreement.
6. Good Faith
Both Parties enter this Agreement in a spirit of mutual benefit — one building knowledge, the other building equity — with the shared goal of creating lasting, meaningful change.
7. Signatures
By signing below, both Parties agree to the terms of this Agreement.
Business Owner Signature
Date: ____________
Mentrepreneur Signature
Date: ____________