Advisor Contract Template for Singapore

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Key Requirements PROMPT example:

Advisor Contract Template

"Need an Advisor Contract Template for engaging a senior technology consultant to provide strategic guidance on our digital transformation project in Singapore, with specific focus on confidentiality and IP protection as we'll be sharing sensitive product roadmaps."

What is a Advisor Contract?

The Advisor Contract Template is essential for businesses operating in Singapore that engage external advisors for professional guidance and expertise. This document ensures compliance with Singapore's legal framework while protecting both parties' interests through clear definition of services, compensation, and obligations. The template is particularly valuable when establishing long-term advisory relationships and needs to be customized based on specific industry requirements and the nature of advisory services being provided.

What sections should be included in a Advisor Contract?

1. Parties: Identification of contracting parties and their details

2. Background: Context and purpose of the advisory relationship

3. Definitions: Key terms used throughout the agreement

4. Scope of Services: Detailed description of advisory services to be provided

5. Term and Termination: Duration of agreement and termination provisions

6. Compensation: Fee structure and payment terms

7. Confidentiality: Protection of confidential information and non-disclosure obligations

8. Representations and Warranties: Statements of fact and promises made by both parties

9. Limitation of Liability: Extent and limits of advisor's liability

10. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction for disputes

What sections are optional to include in a Advisor Contract?

1. Non-Compete: Restrictions on competitive activities during and after the agreement term

2. Intellectual Property: Ownership and rights to materials created during the advisory relationship

3. Insurance: Required insurance coverage and maintenance obligations

4. Data Protection: PDPA compliance provisions and data handling requirements

5. Force Majeure: Provisions for unforeseeable circumstances preventing contract performance

What schedules should be included in a Advisor Contract?

1. Schedule 1 - Services Description: Detailed scope of advisory services and deliverables

2. Schedule 2 - Fee Schedule: Detailed breakdown of fees, payment terms, and expenses

3. Schedule 3 - Key Performance Indicators: Metrics and standards for measuring advisor performance

4. Appendix A - Compliance Requirements: Industry-specific regulatory requirements and compliance obligations

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