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Board Of Advisor Agreement Template for Switzerland

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Key Requirements PROMPT example:

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."

Document background
The Board of Advisor Agreement is essential for companies operating under Swiss law who seek to formally engage external experts in an advisory capacity. This document is typically used when a company wishes to benefit from specialized expertise without adding members to its statutory board of directors. The agreement complies with Swiss corporate law and the Swiss Code of Obligations, providing a framework for the advisor's involvement while protecting both parties' interests. It addresses key aspects such as scope of services, compensation, confidentiality, and intellectual property rights, while maintaining the distinction between advisory and statutory board roles. The document is particularly relevant for growing companies, those entering new markets, or organizations requiring specific industry expertise or strategic guidance.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

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

Manufacturing

Professional Services

Life Sciences

Education

Energy

Real Estate

Consumer Goods

Telecommunications

Software

Consulting

Biotechnology

Clean Technology

Relevant Teams

Legal

Corporate Governance

Executive Office

Board Secretariat

Compliance

Human Resources

Finance

Corporate Affairs

Strategy

Operations

Relevant Roles

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

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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