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Advisory Board Consulting Agreement
"Need an Advisory Board Consulting Agreement for our Philippine tech startup, engaging a senior tech executive as advisor from January 2025, including equity compensation and specific provisions for protecting our IP and future fundraising activities."
1. Parties: Identifies the company and the advisor, including complete legal names and addresses
2. Background: Explains the company's desire to engage the advisor and the advisor's qualifications and expertise
3. Definitions: Defines key terms used throughout the agreement
4. Appointment and Term: Establishes the advisor's appointment to the advisory board and specifies the term duration
5. Scope of Services: Details the advisory services to be provided, including meeting attendance and consultation requirements
6. Independent Contractor Status: Clearly establishes that the advisor is an independent contractor, not an employee
7. Compensation and Expenses: Specifies fees, payment terms, and reimbursable expenses
8. Time Commitment: Outlines expected time commitment and scheduling of advisory services
9. Confidentiality: Defines confidential information and obligations regarding its protection
10. Intellectual Property: Addresses ownership and rights to intellectual property created during the engagement
11. Conflicts of Interest: Sets forth obligations regarding competing activities and disclosure of conflicts
12. Termination: Specifies conditions and procedures for ending the agreement
13. General Provisions: Includes standard legal provisions such as governing law, notices, and amendments
1. Equity Compensation: Include when the advisor will receive stock options or other equity-based compensation
2. Non-Competition: Include when requiring post-termination restrictions on competitive activities
3. Corporate Governance: Include when advisor will have specific corporate governance responsibilities
4. Data Privacy Compliance: Include when the role involves handling personal or sensitive data
5. Anti-Corruption Compliance: Include when the advisory role involves government relations or public sector interaction
6. Insurance: Include when requiring the advisor to maintain specific insurance coverage
7. Indemnification: Include when specific indemnification provisions are needed beyond standard liability provisions
1. Schedule A - Services Description: Detailed description of advisory services and specific responsibilities
2. Schedule B - Compensation Terms: Detailed breakdown of fees, payment schedule, and expense reimbursement policies
3. Schedule C - Meeting Schedule: Expected frequency and format of advisory board meetings
4. Appendix 1 - Confidentiality Agreement: Detailed confidentiality terms and procedures
5. Appendix 2 - Conflict Disclosure Form: Template for disclosing potential conflicts of interest
6. Appendix 3 - Equity Compensation Terms: Details of any equity compensation arrangement if applicable
Authors
Advisory Services
Affiliate
Agreement
Applicable Law
Appointment Date
Board of Directors
Company
Company Materials
Confidential Information
Consulting Fee
Deliverables
Effective Date
Intellectual Property Rights
Meeting
Personal Data
Pre-Existing Materials
Professional Standards
Proprietary Information
Related Parties
Representatives
Services
Term
Termination Date
Trade Secrets
Work Product
Term and Duration
Services and Duties
Independent Contractor Status
Compensation
Expenses
Meeting Attendance
Time Commitment
Confidentiality
Intellectual Property
Non-Competition
Non-Solicitation
Conflicts of Interest
Representations and Warranties
Compliance with Laws
Data Privacy
Anti-Corruption
Termination
Notice
Force Majeure
Assignment
Amendment
Severability
Entire Agreement
Governing Law
Dispute Resolution
Indemnification
Insurance
Relationship of Parties
Corporate Governance
Reporting Requirements
Technology
Healthcare
Financial Services
Manufacturing
Real Estate
Energy
Telecommunications
Education
Consumer Goods
Professional Services
Agriculture
Mining
Infrastructure
Retail
Pharmaceuticals
Legal
Corporate Governance
Compliance
Human Resources
Executive Office
Board Secretariat
Corporate Affairs
Risk Management
Strategic Planning
Administrative
Chief Executive Officer
Legal Counsel
Corporate Secretary
Board Chairman
Chief Financial Officer
Compliance Officer
Human Resources Director
Advisory Board Member
Independent Consultant
Strategy Consultant
Industry Expert
Technical Advisor
Subject Matter Expert
External Advisor
Professional Consultant
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