Use this Stock Option Agreement to give employees the option to purchase the company's common stock within the terms and conditions of the agreement. An equity compensation agreement is a legal document that establishes the terms of an employee's stock ownership in a company.Use a Business Bill of Sale to set out the terms for the sale of a business and transfer the ownership and all assets to the buyer. This Exhibition Contract from the Professional Guidelines addresses the issues involved with exhibitions whose main intent is not the sale of work. Advice from an NC attorney should be obtained concerning the proper party(ies) prior to completing this Agreement. This legally binding document is designed to provide protection and clarity to both parties involved in the transaction. (and subsequent Exhibits as applicable). Stock Option Agreement. Out in the firm's partnership agreement. Securities or any such options, warrants or other rights other than this Agreement.