Advisor Agreement Template for United States

An Advisor Agreement sets out the terms when someone provides expert guidance or consulting services to a company in the Philippines. It clearly defines the advisor's role, responsibilities, and compensation, while protecting both parties' interests through confidentiality and non-compete clauses.

Common in startups and established businesses alike, these agreements outline specific deliverables, meeting schedules, and the scope of advisory services. They're especially important under Philippine corporate law for documenting board advisors' duties and ensuring compliance with Securities and Exchange Commission requirements around corporate governance and transparency.

Use an Advisor Agreement when bringing expert consultants or industry specialists into your Philippine business operations. This becomes essential before sharing sensitive company information, strategic plans, or intellectual property with external advisors who will guide key business decisions.

The agreement proves particularly valuable during startup phases, corporate restructuring, or when seeking specialized expertise in areas like technology, finance, or market expansion. It helps protect your business interests under Philippine law while giving advisors clear guidelines about their roles, compensation, and obligations regarding confidential information and competing activities.

• Short-term Advisory Agreements: Used for specific projects or temporary consulting roles, typically lasting 3-12 months with defined deliverables
• Board Advisory Agreements: For ongoing strategic guidance at the corporate level, often including attendance at board meetings and quarterly reviews
• Technical Advisory Agreements: Focused on specific expertise areas like IT, engineering, or scientific consultation with detailed scope provisions
• Equity-based Advisory Agreements: Include stock options or profit-sharing components common in Philippine startups and tech companies
• Retainer-based Advisory Agreements: Set monthly or quarterly fees for regular access to the advisor's expertise and availability

• Company Directors: Authorize and approve Advisor Agreements on behalf of Philippine corporations, ensuring alignment with business strategy
• Business Advisors: Industry experts, consultants, or specialists who provide guidance and receive compensation under the agreement terms
• Corporate Lawyers: Draft and review agreements to ensure compliance with Philippine corporate laws and SEC regulations
• Company Secretaries: Maintain official records of advisory appointments and ensure proper documentation
• Compliance Officers: Monitor advisor relationships and ensure adherence to confidentiality and conflict of interest provisions

• Advisor Details: Gather complete contact information, qualifications, and expertise areas of the proposed advisor
• Scope Definition: Outline specific services, deliverables, and expected time commitments
• Compensation Terms: Define payment structure, rates, and any equity arrangements under Philippine tax laws
• Duration Planning: Determine agreement length, renewal options, and termination conditions
• Confidentiality Needs: Identify sensitive information the advisor will access
• Corporate Approvals: Secure necessary board or management authorizations per company bylaws
• Document Generation: Use our platform to create a legally-sound agreement incorporating all these elements

• Parties and Roles: Full legal names, addresses, and clear definition of advisor responsibilities
• Service Scope: Detailed description of advisory services, deliverables, and performance metrics
• Compensation Terms: Payment structure, amounts, and schedule aligned with Philippine tax regulations
• Confidentiality Provisions: Protection of trade secrets and proprietary information
• Term and Termination: Agreement duration, renewal options, and exit conditions
• Intellectual Property Rights: Ownership of work products and innovations
• Governing Law: Clear statement of Philippine law application and jurisdiction
• Execution Block: Proper signature spaces with witness provisions

An Advisor Agreement differs significantly from an Agency Agreement in several key aspects, though both involve external parties working with a company. Understanding these differences helps ensure you choose the right agreement for your business needs in the Philippines.

• Scope of Authority: Advisors provide guidance and recommendations but cannot bind the company legally, while agents have explicit authority to act on behalf of the company and enter into binding commitments
• Duration and Commitment: Advisory roles typically involve periodic consultations or specific projects, whereas agency relationships often require continuous, day-to-day engagement
• Legal Liability: Advisors bear limited liability for business decisions, focusing on providing expert input. Agents can create direct legal obligations for the company and may be held liable for their actions
• Compensation Structure: Advisor payments usually involve fixed fees or equity arrangements, while agency agreements often include commission-based compensation tied to specific transactions