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Advisory Board Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

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."

Document background
The Advisory Board Agreement Template is essential for UAE companies seeking to formalize relationships with experienced professionals who provide strategic guidance but are not part of the main board of directors. This document is designed to comply with UAE Federal Law No. 32 of 2021 (Commercial Companies Law) and related regulations, while establishing clear boundaries between advisory and employment relationships. It addresses key aspects including appointment terms, compensation, confidentiality, intellectual property rights, and termination provisions, with specific consideration for UAE business practices and legal requirements. The template is particularly valuable for companies looking to enhance their governance structure with external expertise while maintaining proper legal documentation and risk management.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























Clauses




























Relevant Industries

Technology

Financial Services

Healthcare

Energy

Real Estate

Manufacturing

Retail

Education

Telecommunications

Professional Services

Transportation

Hospitality

Media and Entertainment

Construction

Pharmaceuticals

Relevant Teams

Legal

Compliance

Human Resources

Corporate Governance

Executive Office

Board Secretariat

Finance

Risk Management

Corporate Affairs

Strategy

Relevant Roles

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

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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