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Advisor Contract Template for Canada

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Key Requirements PROMPT example:

Advisor Contract

"I need an Advisor Contract for a technology consultant who will be providing strategic guidance to our AI development team starting March 2025, with strict IP protection clauses and the ability to work remotely from multiple Canadian provinces."

Document background
The Advisor Contract is a crucial legal document used when engaging external expertise while maintaining appropriate legal separation between the parties. This agreement is specifically designed for the Canadian legal framework, incorporating requirements from both federal and provincial legislation. It's particularly important for companies seeking specialized knowledge or services without creating an employment relationship. The contract addresses key aspects such as service scope, compensation, confidentiality, intellectual property rights, and liability protection, while ensuring compliance with Canadian tax laws and professional services regulations. This document is essential for protecting both parties' interests and clearly defining the independent contractor relationship in professional advisory arrangements.
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 parties' intentions

3. Definitions: Key terms used throughout the agreement

4. Appointment and Scope of Services: Description of the advisor's role and specific services to be provided

5. Term and Termination: Duration of the agreement and conditions for termination

6. Compensation and Payment Terms: Fees, expenses, and payment schedule

7. Independent Contractor Status: Clear statement of advisor's status as independent contractor, not employee

8. Confidentiality: Protection of confidential information and trade secrets

9. Intellectual Property: Ownership and rights to work product and pre-existing IP

10. Representations and Warranties: Advisor's qualifications and compliance with laws

11. Limitation of Liability: Limits on liability and indemnification provisions

12. General Provisions: Standard clauses including notices, amendments, governing law, etc.

Optional Sections

1. Non-Competition: Restrictions on competing activities - include if advisor has access to sensitive competitive information

2. Non-Solicitation: Restrictions on soliciting clients/employees - include if advisor has significant client contact

3. Insurance Requirements: Professional liability insurance obligations - include for high-risk advisory services

4. Compliance with Specific Regulations: Include when advisor must comply with specific industry regulations (e.g., securities, financial services)

5. Performance Metrics: Specific KPIs or performance standards - include if compensation is performance-based

6. Use of Company Resources: Rules for using company equipment/facilities - include if advisor works on-site

7. Conflict Resolution: Mediation/arbitration procedures - include for high-value or complex arrangements

Suggested Schedules

1. Schedule A - Services Description: Detailed breakdown of services to be provided

2. Schedule B - Fee Schedule: Detailed compensation structure, including rates and payment terms

3. Schedule C - Key Performance Indicators: Specific metrics for measuring advisor's performance

4. Schedule D - Company Policies: Relevant company policies advisor must comply with

5. Appendix 1 - Required Qualifications: List of required certifications, licenses, and qualifications

6. Appendix 2 - Approved Expenses: List of reimbursable expenses and approval procedures

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

Financial Services

Technology

Management Consulting

Healthcare

Energy

Real Estate

Manufacturing

Education

Environmental Services

Professional Services

Mining

Telecommunications

Non-Profit

Retail

Relevant Teams

Legal

Human Resources

Finance

Procurement

Operations

Compliance

Risk Management

Project Management Office

Business Development

Strategic Planning

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Legal Counsel

HR Director

Procurement Manager

Project Manager

Department Head

Business Unit Director

Operations Manager

Risk Manager

Compliance Officer

Strategy Director

Technical Director

Research Director

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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