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Advisory Board Consulting Agreement
"I need an Advisory Board Consulting Agreement for a Swiss biotech startup, engaging a senior pharmaceutical executive as an advisor with quarterly meetings and equity compensation, starting March 2025."
1. Parties: Identifies the contracting parties - the company and the advisor, including full legal names and addresses
2. Background: Explains the context of the agreement, the company's desire to engage the advisor, and the advisor's qualifications
3. Definitions: Defines key terms used throughout the agreement
4. Appointment and Term: Establishes the advisor's appointment to the advisory board and the duration of the engagement
5. Scope of Services: Details the advisory services to be provided, including meeting attendance and consultation requirements
6. Advisor's Obligations: Outlines the advisor's duties, responsibilities, and standard of care
7. Company's Obligations: Specifies the company's responsibilities to the advisor
8. Compensation: Details the fees, expenses, and payment terms
9. Confidentiality: Defines confidential information and obligations regarding its protection
10. Intellectual Property: Addresses ownership and rights to intellectual property created during the engagement
11. Independence and Non-Competition: Establishes the advisor's status as an independent contractor and any competition restrictions
12. Termination: Specifies conditions and procedures for ending the agreement
13. General Provisions: Includes standard legal provisions such as governing law, notices, and amendments
1. Equity Compensation: Include when the advisor receives stock options or other equity-based compensation
2. Insurance and Indemnification: Include when the company provides liability insurance or indemnification for the advisor
3. Data Protection: Include when the role involves processing personal data under Swiss FADP
4. Compliance with Industry Regulations: Include for regulated industries (e.g., healthcare, financial services)
5. International Travel: Include when the role requires international travel
6. Other Board Commitments: Include when there are specific restrictions on other board services
7. Publication Rights: Include when the advisor may publish or present about their work
8. Force Majeure: Include when specific provisions for unforeseen circumstances are needed
1. Schedule A - Services Description: Detailed description of advisory services and specific responsibilities
2. Schedule B - Compensation Terms: Detailed breakdown of fees, payment schedule, and expense reimbursement policies
3. Schedule C - Meeting Schedule: Expected frequency and format of advisory board meetings
4. Schedule D - Confidentiality Agreement: Detailed confidentiality terms and procedures
5. Schedule E - Approved Outside Activities: List of pre-approved activities with other organizations
6. Appendix 1 - Code of Conduct: Company's code of conduct and ethical guidelines for advisors
7. Appendix 2 - Expense Policy: Detailed policy for expense submissions and reimbursement
8. Appendix 3 - Contact Information: Key contact persons and communication protocols
Authors
Technology
Pharmaceutical
Financial Services
Healthcare
Manufacturing
Biotechnology
Professional Services
Energy
Telecommunications
Consumer Goods
Education
Real Estate
Insurance
Medical Devices
Environmental Services
Legal
Corporate Governance
Executive Leadership
Human Resources
Finance
Compliance
Corporate Secretary Office
Risk Management
Strategy
Corporate Development
Chief Executive Officer
General Counsel
Legal Director
Board Secretary
Chief Financial Officer
Head of Strategy
Corporate Development Director
Advisory Board Member
Senior Legal Counsel
Compliance Officer
Human Resources Director
Company Secretary
Chief Operating Officer
Risk Management Officer
Corporate Governance Officer
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