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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."
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.
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
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
Financial Services
Technology
Management Consulting
Healthcare
Energy
Real Estate
Manufacturing
Education
Environmental Services
Professional Services
Mining
Telecommunications
Non-Profit
Retail
Legal
Human Resources
Finance
Procurement
Operations
Compliance
Risk Management
Project Management Office
Business Development
Strategic Planning
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
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