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Startup Advisor Contract
"I need a Startup Advisor Contract for a technical advisor who will help guide our AI product development, with compensation to include both cash retainer and equity options; the agreement should start March 1, 2025, and include strong IP protection clauses."
1. Parties: Identification of the startup company and the advisor, including full legal names, addresses, and registration details where applicable
2. Background: Context of the advisory relationship, company's business, and advisor's expertise
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope of Services: Details of the advisor's appointment and specific services to be provided
5. Term and Termination: Duration of the agreement and conditions for termination
6. Time Commitment: Expected time commitment and availability of the advisor
7. Compensation: Details of advisory fees, payment terms, and expense reimbursement
8. Independent Contractor Status: Clear statement of advisor's status as independent contractor, not employee
9. Confidentiality: Protection of confidential information and trade secrets
10. Intellectual Property Rights: Ownership and treatment of IP created during the advisory relationship
11. Conflicts of Interest: Obligations regarding disclosure and handling of potential conflicts
12. Representations and Warranties: Basic assurances from both parties
13. Limitation of Liability: Limits on advisor's liability in performing services
14. General Provisions: Standard clauses including notices, amendments, governing law, etc.
1. Equity Compensation: Details of any stock options or equity grants, used when advisor receives equity-based compensation
2. Board Observer Rights: Terms for advisor's attendance at board meetings, if applicable
3. Non-Competition: Restrictions on advisor's involvement with competing businesses, if required
4. Non-Solicitation: Restrictions on soliciting employees or customers, if needed
5. Insurance: Requirements for professional liability insurance, if needed
6. Data Protection: Specific provisions for handling personal data under Swiss law, if relevant
7. Publicity Rights: Terms for using advisor's name and biography in company materials
8. Multiple Advisors: Provisions for coordination with other advisors, if applicable
1. Schedule A - Services Description: Detailed outline of specific advisory services and deliverables
2. Schedule B - Compensation Terms: Detailed compensation structure, including payment schedules and calculations
3. Schedule C - Equity Terms: Details of any equity compensation, including vesting schedules
4. Schedule D - Expense Policy: Guidelines for reimbursable expenses and approval procedures
5. Appendix 1 - Conflict Disclosure Form: Template for disclosing potential conflicts of interest
6. Appendix 2 - Time Report Template: Standard format for reporting time spent on advisory services
Authors
Technology
Fintech
Biotech
Healthcare
Clean Energy
E-commerce
Software
Manufacturing
Consumer Goods
Professional Services
Media and Entertainment
Education Technology
Artificial Intelligence
Blockchain
Internet of Things
Legal
Executive Leadership
Corporate Development
Strategy
Finance
Operations
Board of Directors
Corporate Governance
Human Resources
Business Development
CEO
Founder
Co-founder
Chief Legal Officer
General Counsel
Legal Director
Company Secretary
Chief Financial Officer
Head of Strategy
Business Development Director
Startup Advisor
Board Member
Chief Technology Officer
Innovation Director
Operations Director
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