Document background
The Startup Advisory Board Agreement is essential for Belgian startups seeking to formalize relationships with experienced advisors who can provide strategic guidance and industry expertise. This document is typically used when a company wishes to establish an advisory board distinct from its formal Board of Directors, bringing in external expertise while maintaining appropriate corporate governance structures. The agreement, compliant with Belgian law, covers crucial elements such as scope of services, meeting commitments, compensation arrangements, and protection of company interests through confidentiality and IP provisions. It's particularly relevant for growth-stage startups looking to expand their strategic capabilities and market presence while ensuring proper legal protection and clear expectations for all parties involved. The document accommodates various compensation models, including potential equity arrangements, while ensuring compliance with Belgian corporate and tax regulations.
