Advisor Agreement Template for Austria

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Key Requirements PROMPT example:

Advisor Agreement

"I need an Advisor Agreement for engaging a financial consultant to provide quarterly market analysis and investment recommendations to our investment firm starting March 1, 2025, with strict confidentiality provisions and GDPR compliance."

Document background
The Advisor Agreement is essential for establishing formal advisory relationships under Austrian law, whether for one-time strategic projects or ongoing professional services. This document should be used when engaging external advisors, consultants, or professional service providers, ensuring compliance with Austrian legal requirements including the ABGB (Austrian Civil Code) and UGB (Commercial Code). The agreement comprehensively covers service scope, compensation, confidentiality, data protection, and liability matters, while remaining flexible enough to accommodate various types of advisory relationships. It includes necessary GDPR compliance provisions and can be customized for specific industry requirements or regulatory obligations.
Suggested Sections

1. Parties: Identification of the contracting parties, including full legal names and addresses

2. Background: Context of the agreement and brief description of the parties' intention to enter into an advisory relationship

3. Definitions: Key terms used throughout the agreement

4. Scope of Services: Detailed description of the advisory services to be provided

5. Term and Engagement: Duration of the agreement and conditions for engagement

6. Advisor's Obligations: Key responsibilities and commitments of the advisor

7. Client's Obligations: Key responsibilities and commitments of the client

8. Fees and Payment Terms: Compensation structure, payment schedule, and related terms

9. Confidentiality: Obligations regarding confidential information and trade secrets

10. Data Protection: GDPR compliance and data processing obligations

11. Liability and Indemnification: Limitation of liability and indemnification provisions

12. Termination: Conditions and procedures for terminating the agreement

13. General Provisions: Standard clauses including notices, amendments, governing law, and jurisdiction

Optional Sections

1. Intellectual Property Rights: Required when the advisory services may result in creation of intellectual property

2. Non-Competition: Include when advisor should be restricted from working with competitors

3. Non-Solicitation: Include when advisor should be restricted from soliciting clients or employees

4. Insurance: Include when advisor needs to maintain specific insurance coverage

5. Access to Systems and Facilities: Include when advisor needs access to client's premises or IT systems

6. Regulatory Compliance: Include for regulated industries with specific compliance requirements

7. Performance Metrics: Include when specific performance standards or KPIs apply

8. Dispute Resolution: Include when specific dispute resolution procedures are desired beyond court jurisdiction

Suggested Schedules

1. Schedule A - Services Description: Detailed scope of services and deliverables

2. Schedule B - Fee Schedule: Detailed breakdown of fees, rates, and payment terms

3. Schedule C - Service Levels: Performance standards and service level requirements if applicable

4. Schedule D - Data Processing Agreement: Detailed GDPR-compliant data processing terms if personal data is processed

5. Appendix 1 - Contact Details: Key contact persons and their details for both parties

6. Appendix 2 - Compliance Requirements: Specific regulatory or industry compliance requirements if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Clauses
Relevant Industries

Financial Services

Management Consulting

Technology

Healthcare

Real Estate

Manufacturing

Energy

Environmental Services

Legal Services

Education

Telecommunications

Professional Services

Relevant Teams

Legal

Procurement

Human Resources

Finance

Compliance

Operations

Business Development

Risk Management

Contract Management

Relevant Roles

Chief Executive Officer

Legal Counsel

Procurement Manager

Human Resources Director

Management Consultant

Business Advisor

Technical Consultant

Financial Advisor

Strategy Consultant

Project Manager

Operations Director

Compliance Officer

Business Development Manager

Department Head

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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