Advisory Board Agreement Template for Indonesia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Advisory Board Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Advisory Board Agreement

"I need an Advisory Board Agreement for my Indonesian technology startup to appoint a senior telecommunications executive who will advise on our 5G implementation strategy starting March 2025, with quarterly meetings and equity compensation options."

Document background
The Advisory Board Agreement is a critical document used when companies in Indonesia seek to formally engage external experts to provide strategic guidance and industry insights. This document is essential for establishing clear parameters of the advisory relationship while ensuring compliance with Indonesian legal requirements, including corporate law, employment regulations, and language requirements. The agreement typically includes comprehensive provisions covering appointment terms, compensation, confidentiality, intellectual property rights, and independence of the advisor. It's particularly important in the Indonesian context where business relationships often require careful documentation and clear distinction from employment relationships. The document should be drafted in both Indonesian and English languages to comply with Law No. 24 of 2009, with the Indonesian version prevailing in case of inconsistencies.
Suggested Sections

1. Parties: Identification of the company and the advisor, including complete legal names and addresses

2. Background: Context of the advisory relationship and brief description of the company's business and advisor's expertise

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Formal appointment of advisor, term length, and renewal provisions

5. Role and Responsibilities: Detailed description of advisory duties, meeting attendance requirements, and expected time commitment

6. Compensation: Advisory fees, payment terms, and expense reimbursement policies

7. Confidentiality: Protection of company's confidential information and trade secrets

8. Intellectual Property: Ownership and rights to intellectual property created during the advisory relationship

9. Independence and Non-Employment Status: Clear statement that advisor is an independent contractor, not an employee

10. Conflict of Interest: Obligations to disclose and avoid conflicts of interest

11. Termination: Grounds for termination and procedures for ending the advisory relationship

12. Language Requirements: Compliance with Indonesian Law No. 24 of 2009 regarding language requirements

13. Governing Law and Dispute Resolution: Choice of Indonesian law and dispute resolution mechanisms

14. General Provisions: Standard boilerplate clauses including notices, amendments, and severability

Optional Sections

1. Non-Competition: Restrictions on advisor's involvement with competing businesses - used when advisor has access to sensitive competitive information

2. Stock Options or Equity Compensation: Terms of any equity-based compensation - included when advisor receives company shares or options

3. Anti-Corruption Compliance: Detailed anti-corruption provisions - important when advisor has government connections or influence

4. Insurance: Requirements for professional liability insurance - relevant for high-risk advisory roles

5. Data Protection: Specific data protection obligations - necessary when advisor will handle personal or sensitive data

6. Public Announcements: Rules for public disclosure of advisor's role - important for high-profile advisors or public companies

7. Force Majeure: Provisions for unforeseen circumstances preventing performance - relevant in long-term advisory relationships

Suggested Schedules

1. Schedule A - Scope of Services: Detailed description of specific advisory services and deliverables

2. Schedule B - Compensation Details: Detailed breakdown of fees, payment schedule, and expense reimbursement policies

3. Schedule C - Meeting Schedule: Annual calendar of advisory board meetings and time commitment expectations

4. Schedule D - Approved Outside Activities: List of pre-approved advisory or business activities with other organizations

5. Appendix 1 - Confidentiality Agreement: Detailed confidentiality terms and requirements

6. Appendix 2 - Conflict of Interest Policy: Company's conflict of interest policy and disclosure requirements

7. Appendix 3 - Code of Conduct: Company's code of conduct applicable to advisors

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

Relevant legal definitions
Clauses
Relevant Industries

Technology

Healthcare

Financial Services

Manufacturing

Energy

Mining

Agriculture

Education

Real Estate

Telecommunications

Consumer Goods

Professional Services

Pharmaceuticals

Infrastructure

E-commerce

Relevant Teams

Legal

Corporate Secretariat

Compliance

Human Resources

Finance

Corporate Affairs

Corporate Governance

Board of Directors

Executive Management

Strategy

Relevant Roles

Chief Executive Officer

Chief Legal Officer

General Counsel

Corporate Secretary

Chief Financial Officer

Head of Corporate Affairs

Board Secretary

Legal Counsel

Compliance Officer

Human Resources Director

Chief Strategy Officer

Corporate Governance Officer

Legal Manager

Company Director

Board Member

Industries
Indonesian Civil Code (Kitab Undang-undang Hukum Perdata): Provides the fundamental framework for contracts and agreements in Indonesia, including formation, validity, and enforcement of contractual relationships
Law No. 13 of 2003 on Manpower: Governs employment relationships and must be considered to properly structure the advisory relationship as non-employment to avoid misclassification
Law No. 28 of 2014 on Copyright: Regulates intellectual property rights and protection, relevant for any intellectual property created or shared during the advisory relationship
Law No. 11 of 2008 on Electronic Information and Transactions (ITE Law): Governs electronic communications and data protection, important for confidentiality provisions and electronic communications between parties
Law No. 20 of 2001 on Anti-Corruption: Sets requirements for preventing corruption in business relationships, including restrictions on gifts and payments to advisors who may have government connections
Law No. 36 of 2008 on Income Tax: Governs taxation of advisory fees and compensation, including withholding tax obligations
Government Regulation No. 71 of 2019 on Electronic Systems and Transactions: Provides framework for electronic document validity and digital signatures if the agreement will be executed electronically
Law No. 24 of 2009 on National Flag, Language, Emblem and Anthem: Requires agreements involving Indonesian parties to be drafted in Indonesian language or be bilingual with Indonesian version
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

Find the exact document you need

Advisory Board Agreement

An Indonesian law-governed agreement establishing the terms and conditions for advisory board membership, including duties, compensation, and compliance requirements.

find out more

Financial Consulting Services Agreement

An Indonesian law-governed agreement for financial consulting services, establishing service terms and regulatory compliance requirements.

find out more

Business Advisor Agreement

An Indonesian law-governed agreement establishing terms and conditions between a company and its business advisor(s), ensuring regulatory compliance while protecting both parties' interests.

find out more

Financial Advisory Services Agreement

An Indonesian law-governed agreement establishing terms for professional financial advisory services, compliant with OJK regulations.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.