I spend all of my time on one software company client whom I have a consulting contract with. I spend 12 hours a day consulting for them for several years. I would like to structure a clause in my consulting contract that stipulates I receive some upside/profitability if the company is purchased outright. How do I do this?
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Anything legal can be put into a contract that both parties agree to, so it COULD be done. That would be very unusual for a consultant to get though, unless they were directly involved in negotiating the buyout..
I would speak with a lawyer from the specific state where the company is located, because laws vary so widely. Also, are they looking for other consultants? I am a former software engineer looking for work!
jken2030@yahoo.com