Document background
The Startup Advisor Agreement is essential for early-stage and growing companies in Austria seeking to formalize relationships with experienced business advisors. This document is typically used when engaging industry experts, successful entrepreneurs, or specialized professionals who can provide strategic guidance, networking opportunities, and expertise to the startup. The agreement, governed by Austrian law, carefully balances the interests of both parties by clearly defining the scope of advisory services, establishing compensation structures (including potential equity arrangements), and protecting confidential information. It incorporates specific provisions required under Austrian commercial law and ensures proper classification of the advisor's role as an independent contractor rather than an employee. The document is particularly important for startups participating in accelerator programs or seeking institutional investment, as it demonstrates professional governance and protection of company interests.
