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Advisory Board Agreement Template
"I need an Advisory Board Agreement Template for my UAE-based technology startup that will appoint three international industry experts starting March 2025, with particular emphasis on protecting our intellectual property and including equity compensation provisions."
1. Parties: Identification of the company and the advisor, including full legal names and addresses
2. Background: Context of the agreement and brief description of the company and advisory board's purpose
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Formal appointment of the advisor, term length, and renewal provisions
5. Role and Responsibilities: Detailed description of advisor's duties, time commitment, and participation requirements
6. Independence and Status: Clear statement that advisor is an independent contractor, not an employee
7. Compensation: Details of fees, payment terms, and expense reimbursement
8. Confidentiality: Obligations regarding confidential information and trade secrets
9. Intellectual Property: Ownership and assignment of IP created during the advisory relationship
10. Conflicts of Interest: Disclosure requirements and prohibited activities
11. Representations and Warranties: Standard declarations about capacity, authority, and no conflicts
12. Termination: Grounds for termination, notice periods, and consequences of termination
13. General Provisions: Standard boilerplate clauses including governing law, notices, and amendment procedures
1. Equity Compensation: Terms of any share options or equity grants, when advisor receives equity as part of compensation
2. Travel and Additional Services: Specific terms for travel requirements and any additional services beyond standard advisory duties
3. Insurance: Requirements for professional liability insurance, when advisor provides specific professional advice
4. Data Protection: Enhanced data protection provisions when advisor will handle personal or sensitive data
5. Non-Competition: Restrictions on competing activities, when appropriate and enforceable
6. Compliance with Company Policies: Requirement to comply with specific company policies, when applicable
7. Indemnification: Mutual or one-way indemnification provisions, when heightened liability concerns exist
1. Schedule 1 - Services Description: Detailed outline of specific advisory services and deliverables
2. Schedule 2 - Compensation Terms: Detailed breakdown of fees, payment schedule, and expense policy
3. Schedule 3 - Meeting Schedule: Expected frequency and format of advisory board meetings
4. Schedule 4 - Confidential Information: Specific categories of confidential information covered
5. Schedule 5 - Approved Outside Activities: List of pre-approved activities or positions with other organizations
6. Appendix A - Code of Conduct: Company's code of conduct and ethical guidelines for advisors
7. Appendix B - Equity Plan Terms: Detailed terms of any equity compensation plan, if applicable
Authors
Technology
Financial Services
Healthcare
Energy
Real Estate
Manufacturing
Retail
Education
Telecommunications
Professional Services
Transportation
Hospitality
Media and Entertainment
Construction
Pharmaceuticals
Legal
Compliance
Human Resources
Corporate Governance
Executive Office
Board Secretariat
Finance
Risk Management
Corporate Affairs
Strategy
Chief Executive Officer
General Counsel
Legal Director
Board Secretary
Chief Financial Officer
Industry Expert
Former Executive
Academic Advisor
Technical Specialist
Strategic Consultant
Corporate Governance Officer
Compliance Manager
Human Resources Director
Board Member
Executive Committee Member
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