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Service Provider

Glossary Term

A service provider is an individual or entity that provides services to another party. The relationship is typically governed by a service agreement.

Option pool

Glossary Term

An option pool is a number of shares of stock reserved for issuance to service providers of a company pursuant to options and other equity incentives.

Nonsolicitation

Glossary Term

Nonsolicitation is an agreement in which an employee or other party agrees to refrain from encouraging another party’s employees or customers to change their relationship with the other party in a way that would disadvantage the other party.