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The Consulting Agreement With Stock Options is designed for Hong Kong companies seeking to engage independent professionals while offering equity incentives as part of their compensation package. This document is particularly relevant for startups, technology companies, and growing businesses that want to attract top talent without creating traditional employment relationships. It addresses the specific requirements of Hong Kong corporate and securities laws, including necessary provisions for stock option grants, while establishing clear consulting terms. The agreement is structured to protect both parties' interests, ensuring compliance with Hong Kong's regulatory framework regarding independent contractors, securities issuance, and intellectual property protection. It's commonly used when companies want to align consultants' interests with long-term business success through equity participation.

1. Parties: Identification of the company and consultant, including full legal names and addresses

2. Background: Context of the agreement, nature of company's business, and consultant's expertise

3. Definitions: Key terms used throughout the agreement, including 'Services', 'Stock Options', 'Intellectual Property', etc.

4. Appointment and Term: Formal appointment of consultant, term of engagement, and renewal provisions

5. Services: Detailed description of consulting services to be provided

6. Consultant's Obligations: Key responsibilities, performance standards, and compliance requirements

7. Company's Obligations: Company's responsibilities, including provision of necessary information and resources

8. Fees and Payment: Consulting fee structure, payment terms, expenses, and invoicing requirements

9. Stock Option Grant: Terms of stock option grant, including number of shares, exercise price, and vesting schedule

10. Independent Contractor Status: Clear statement of consultant's status as independent contractor, not employee

11. Intellectual Property: Ownership and assignment of IP created during the engagement

12. Confidentiality: Protection of confidential information and trade secrets

13. Non-Competition and Non-Solicitation: Restrictions on competitive activities and solicitation of employees/clients

14. Termination: Grounds for termination, notice requirements, and consequences

15. Post-Termination Obligations: Surviving obligations and return of company property

16. General Provisions: Standard clauses including governing law, notices, amendment process, etc.