TODO.LAW

Individual phantom shares grant (Spain)

The individual agreement by which a Spanish company grants phantom shares to one beneficiary, under the company's master phantom shares plan.

Jurisdictions
Spain
Contract languages
Spanish

What it is and when it is used

An individual phantom shares grant (in Spanish, asignación individual de phantom shares) is the agreement by which a Spanish company grants phantom shares to one beneficiary. Phantom shares are notional units linked to the company: they do not make the beneficiary a member of the company.

The grant is always made under the master plan. The company first adopts its phantom shares plan, which sets the general rules of the scheme, and then signs one grant agreement with each person who takes part. The grant deals with that person's own award, while the general rules stay in the plan.

The Dealroom skill for the grant negotiates 6 clauses.

Who signs it

The grant is signed by the company, which makes the award, and by the beneficiary, the individual who receives it.

Because the grant is made under the plan, the two documents work together. To understand the full terms of an award, the beneficiary should read the individual grant alongside the master plan it refers to.

Jurisdictions and languages

Dealroom offers the individual grant for Spain only, and drafts it in Spanish only. This page explains the document in English, but the grant itself is produced in Spanish.

The grant and the master plan are separate skills in Dealroom. Prepare the plan first, then one grant for each beneficiary.

Frequently asked questions

What is a phantom shares grant agreement?

It is the individual agreement by which a company grants phantom shares (participaciones fantasma) to one person. It is made under the company's master phantom shares plan.

Do I need the master plan first?

Yes. The grant is made under the master plan, so the company's phantom shares plan should be in place before individual grants are made.

Which law and language does the grant follow?

It is designed for Spanish companies under Spanish law, and Dealroom drafts it in Spanish only.

Can the company and the beneficiary negotiate the grant in Dealroom?

The grant has 6 clauses. Dealroom can be used by both sides, each stating its preferences, or by the company alone.

Two ways to make it

Create it in Dealroom

Choose the jurisdiction and language, answer a few questions and negotiate each clause with the other side, or prepare it alone.

Start in Dealroom

Have your agent draft and negotiate it

Your AI agent can read the clause library and create the contract through the agent API or the MCP server. A short example:

MCP: list_templates (query: "PHANTOM_SHARES_GRANT"), get_template, create_playbook, initiate_negotiation.

Read the agent API guide
# 1. Read the clauses, options and the facts it needs
curl https://dealroom.todo.law/api/v1/agent/templates/PHANTOM_SHARES_GRANT \
  -H "Authorization: Bearer drk_YOUR_KEY"

# 2. Create the contract (clauses you leave out take the default option)
curl -X POST https://dealroom.todo.law/api/v1/agent/deals \
  -H "Authorization: Bearer drk_YOUR_KEY" \
  -H "Content-Type: application/json" \
  -H "Idempotency-Key: $(uuidgen)" \
  -d '{
    "schema": "dealroom.solo-intake/1",
    "contractType": "PHANTOM_SHARES_GRANT",
    "governingLaw": "SPAIN",
    "language": "es",
    "dealName": "Example PHANTOM_SHARES_GRANT",
    "selectionPolicy": "defaults"
  }'

Drafting and negotiating are free.

Related contracts

This page explains how the contract usually works. It is general information, not legal advice.

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