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Startup Advisor Equity Agreement
"I need a Startup Advisor Equity Agreement for a Pakistan-based fintech startup, offering 1% equity to a technical advisor with a one-year cliff and four-year vesting schedule, starting March 2025, with monthly advisory meetings required."
1. Parties: Identification of the company and the advisor, including their legal names, addresses, and registration details where applicable
2. Background: Context of the agreement, including the company's business, advisor's expertise, and mutual intention to enter into an advisory relationship
3. Definitions: Key terms used throughout the agreement, including technical, financial, and legal terminology
4. Appointment and Term: Formal appointment of the advisor, duration of the agreement, and renewal/extension terms
5. Advisory Services: Detailed description of services to be provided by the advisor, including specific areas of expertise and expectations
6. Time Commitment: Expected time dedication, frequency of meetings, and availability requirements
7. Equity Compensation: Details of equity grant, including type of shares, percentage, vesting schedule, and conditions
8. Representations and Warranties: Standard declarations by both parties regarding their capacity, authority, and compliance with laws
9. Confidentiality: Obligations regarding company confidential information and trade secrets
10. Intellectual Property: Ownership and rights related to IP created during the advisory relationship
11. Termination: Grounds for termination, notice requirements, and consequences of termination
12. Post-Termination Obligations: Continuing obligations after agreement ends, including confidentiality and non-compete provisions
13. General Provisions: Standard legal clauses including governing law, dispute resolution, and entire agreement provisions
1. Non-Compete: Restrictions on advisor's involvement with competing businesses, recommended when advisor has access to sensitive competitive information
2. Foreign Exchange Provisions: Required when advisor is non-Pakistani, addressing currency conversion and repatriation of proceeds
3. Performance Metrics: Specific KPIs or milestones for the advisor, useful when equity vesting is tied to performance
4. Board Observer Rights: Terms for advisor's participation in board meetings, if applicable
5. Additional Services: Framework for engaging advisor in services beyond standard advisory scope
6. Expense Reimbursement: Terms for reimbursing advisor's expenses, if applicable
7. Insurance and Indemnification: Coverage of advisor under company insurance and indemnification terms, recommended for high-risk advisory roles
1. Schedule A - Advisory Services: Detailed scope of advisory services, including specific areas of expertise and deliverables
2. Schedule B - Equity Terms: Detailed terms of equity compensation, including vesting schedule, acceleration provisions, and share class rights
3. Schedule C - Vesting Schedule: Detailed timeline and conditions for equity vesting
4. Schedule D - Company Information: Key information about the company, including capital structure and existing shareholders
5. Appendix 1 - Share Transfer Form: Standard form for executing share transfers under Pakistani law
6. Appendix 2 - Confidentiality Terms: Detailed confidentiality obligations and procedures
7. Appendix 3 - Required Regulatory Filings: List of necessary filings with SECP and other authorities for equity issuance
Authors
Advisor
Advisory Services
Applicable Law
Board of Directors
Business Day
Company
Confidential Information
Effective Date
Equity Compensation
Fair Market Value
Fully Diluted Capitalization
Initial Public Offering (IPO)
Intellectual Property Rights
Material Breach
Memorandum and Articles of Association
Options
Ordinary Shares
Parties
Prohibited Activities
Qualifying Exit Event
Related Party
SECP
Services
Share Certificate
Shareholders Agreement
Shares
Term
Territory
Transfer
Vesting Commencement Date
Vesting Period
Vesting Schedule
Board Observer Rights
Change of Control
Cliff Period
Competitor
Dispute
Force Majeure Event
Good Reason
Liquidation Event
Performance Metrics
Proprietary Information
Restricted Business
Sale of the Company
Termination Date
Unvested Shares
Vested Shares
Appointment
Term and Duration
Advisory Services
Advisor Obligations
Company Obligations
Time Commitment
Equity Compensation
Vesting
Share Rights
Share Issuance
Transfer Restrictions
Confidentiality
Intellectual Property
Non-Competition
Non-Solicitation
Representations and Warranties
Termination
Exit Provisions
Board Observer Rights
Performance Requirements
Regulatory Compliance
Foreign Exchange
Tax Matters
Notices
Assignment
Force Majeure
Dispute Resolution
Governing Law
Jurisdiction
Entire Agreement
Amendment
Severability
Waiver
Indemnification
Insurance
Relationship of Parties
Third Party Rights
Costs
Counterparts
Technology
E-commerce
Financial Technology
Healthcare Technology
Education Technology
Agriculture Technology
Logistics and Supply Chain
Retail
Manufacturing
Professional Services
Consumer Services
Software Development
Artificial Intelligence
Blockchain
Clean Technology
Social Enterprise
Legal
Executive Leadership
Corporate Affairs
Human Resources
Finance
Company Secretariat
Board of Directors
Corporate Governance
Compliance
Strategy
Chief Executive Officer
Founder
Co-founder
Chief Legal Officer
General Counsel
Company Secretary
Business Advisor
Industry Expert
Technical Advisor
Strategic Advisor
Financial Advisor
Marketing Advisor
Technology Advisor
Operations Advisor
Growth Advisor
Board Member
Mentor
Investment Advisor
Innovation Consultant
Business Development Advisor
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