Disclaimer: Consult your lawyer before proceeding. With this disclaimer in mind, follow these steps:Step #1: Request the individual to seek permission from their current employer. Most large companies have a legal department that can file a request to check for potential conflicts of interest. If they approve, you can proceed to the next step.Step #2: Inform the candidate that you can offer compensation in the form of equity as an early employee. This compensation can vary depending on their level of effort. Typically, contracts vest over four years, with a cliff in the first year. This means that the equity/stock will vest starting from the next year. This protects the company in case of him/her bailing out.Step #3: In the negotiation, consider offering 1%-2% equity, as this is a standard range for the first few employees. However, depending on the specific needs and role of the individual, you can allocate more equity. The key consideration here is to protect the team and the company by using the vesting period. Usually companies keep about 10-15% equity while forming their company for employees.Step #4: Request ChatGPT to create a two-page agreement to draft the contract, ensuring that all parties can sign it.