It's not terribly detailed. It's a few paragraphs long with a couple of pages of...

jasonfried on Aug 15, 2011 | parent | context | favorite | on: An alternative to employee options/equity grants

It's not terribly detailed. It's a few paragraphs long with a couple of pages of standard legal boilerplate. Employees don't have to sign anything or sign up for anything. It's better for everyone that it's in writing.