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Board Of Advisor Agreement
"I need a Board of Advisor Agreement for a Swiss fintech startup, where the advisor will be compensated with both cash and equity options, and will primarily focus on international expansion strategy starting March 2025."
1. Parties: Identification of the company and the advisor, including full legal names and addresses
2. Background: Context of the appointment and brief description of the advisor's expertise and the company's business
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Formal appointment of the advisor and duration of the agreement, including renewal terms
5. Scope of Services: Detailed description of advisory services, including meeting attendance and consultation requirements
6. Time Commitment: Expected time dedication and availability requirements
7. Compensation: Details of advisory fees, payment terms, and expense reimbursement policies
8. Independent Contractor Status: Clarification that the advisor is an independent contractor, not an employee
9. Confidentiality: Obligations regarding confidential information and trade secrets
10. Intellectual Property: Ownership and rights to intellectual property created during the advisory relationship
11. Conflicts of Interest: Requirements for disclosure and handling of potential conflicts
12. Termination: Conditions and procedures for ending the agreement
13. General Provisions: Standard legal provisions including governing law, notices, and amendments
1. Equity Compensation: Terms of any stock options or equity grants, used when advisor receives equity-based compensation
2. Multiple Board Positions: Provisions regarding advisor's service on other boards, used when advisor has multiple commitments
3. Insurance: Requirements for professional liability insurance, used for high-risk advisory roles
4. Data Protection: Specific provisions for handling personal data under FADP, used when advisor will access personal data
5. Non-Competition: Restrictions on competing activities, used when advisor has access to sensitive competitive information
6. Use of Name and Likeness: Terms for company's use of advisor's name and biography, used for marketing purposes
7. Remote Services: Provisions for virtual meetings and remote advisory services, used for international advisors
1. Schedule A - Services Description: Detailed outline of specific advisory services and responsibilities
2. Schedule B - Compensation Terms: Detailed compensation structure, including payment schedules and calculations
3. Schedule C - Expense Policy: Guidelines for reimbursable expenses and approval procedures
4. Appendix 1 - Conflict Disclosure Form: Template for declaring potential conflicts of interest
5. Appendix 2 - Confidentiality Agreement: Detailed confidentiality terms and procedures
6. Appendix 3 - Board Meeting Schedule: Anticipated dates and frequency of board meetings
7. Appendix 4 - Company Policies: Relevant company policies applicable to advisors
Authors
Technology
Financial Services
Healthcare
Manufacturing
Professional Services
Life Sciences
Education
Energy
Real Estate
Consumer Goods
Telecommunications
Software
Consulting
Biotechnology
Clean Technology
Legal
Corporate Governance
Executive Office
Board Secretariat
Compliance
Human Resources
Finance
Corporate Affairs
Strategy
Operations
Chief Executive Officer
Chief Legal Officer
General Counsel
Corporate Secretary
Board Chairman
Chief Financial Officer
Head of Corporate Governance
Chief Strategy Officer
VP of Legal Affairs
Director of Corporate Development
Head of Compliance
Corporate Governance Manager
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