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Startup Advisor Agreement for Ireland

Startup Advisor Agreement Template for Ireland

A comprehensive legal agreement governed by Irish law that establishes and regulates the relationship between a startup company and an advisor. This document outlines the terms of engagement, including the advisor's roles and responsibilities, compensation structure (both cash and equity components), confidentiality obligations, intellectual property rights, and term of service. It ensures compliance with Irish corporate law while protecting both parties' interests and clearly defining the advisor's status as an independent contractor rather than an employee. The agreement includes provisions for termination, liability limitations, and data protection in accordance with Irish and EU regulations.

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What is a Startup Advisor Agreement?

The Startup Advisor Agreement is a crucial document for early-stage companies in Ireland seeking to formalize relationships with experienced professionals who can provide strategic guidance and industry expertise. This agreement is specifically designed to comply with Irish corporate law and EU regulations, including GDPR and competition law requirements. It's typically used when a startup wishes to engage an advisor who will provide strategic input, industry connections, or specialized knowledge in exchange for compensation, which may include equity. The document includes essential provisions for confidentiality, intellectual property protection, and clear delineation of the advisor's role as an independent contractor. This agreement is particularly important for Irish startups looking to build strong advisory boards while protecting their interests and ensuring clear expectations for all parties involved.

What sections should be included in a Startup Advisor Agreement?

1. Parties: Identifies the company and the advisor, including full legal names and addresses

2. Background: Outlines the context of the agreement, the advisor's expertise, and the company's desire to engage the advisor

3. Definitions: Defines key terms used throughout the agreement

4. Appointment and Services: Establishes the advisor's role, scope of services, and commitment level

5. Term and Termination: Specifies the duration of the agreement and conditions for termination

6. Compensation: Details the advisor's compensation structure, including any equity arrangements

7. Time Commitment: Specifies the expected time commitment and availability of the advisor

8. Confidentiality: Defines confidential information and obligations regarding its protection

9. Intellectual Property: Addresses ownership and assignment of any IP created during the advisory relationship

10. Independent Contractor Status: Clarifies that the advisor is an independent contractor, not an employee

11. Representations and Warranties: Contains standard representations from both parties

12. Limitation of Liability: Sets out the extent and limitations of the advisor's liability

13. General Provisions: Includes standard boilerplate clauses such as notices, amendments, and governing law

What sections are optional to include in a Startup Advisor Agreement?

1. Non-Competition: Restricts advisor from working with competitors - used when advisor has access to highly sensitive information

2. Equity Compensation Terms: Detailed terms for stock options or other equity compensation - used when equity is part of compensation

3. Board Observer Rights: Grants advisor right to attend board meetings - used for more involved advisory roles

4. Expenses: Details on reimbursement of expenses - used when advisor may incur expenses

5. Insurance: Requirements for professional liability insurance - used for high-risk advisory roles

6. Data Protection: Specific GDPR compliance provisions - used when advisor will handle personal data

7. Conflict Resolution: Detailed dispute resolution procedures - used for high-value or complex arrangements

What schedules should be included in a Startup Advisor Agreement?

1. Schedule A - Services Description: Detailed description of advisory services and specific responsibilities

2. Schedule B - Compensation Terms: Detailed breakdown of compensation structure, including any equity components

3. Schedule C - Equity Documents: Stock option agreement or other equity-related documentation

4. Schedule D - Confidential Information: Specific details about what constitutes confidential information

5. Schedule E - Existing IP: List of advisor's pre-existing IP that is excluded from assignment

6. Appendix 1 - Meeting Schedule: Expected frequency and format of advisory meetings

7. Appendix 2 - Approved Outside Activities: List of advisor's other commitments that have been pre-approved

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Ireland

Publisher

Ƶ

Document Type

Agreement Contract

Cost

Free to use
Relevant legal definitions









































Clauses



































Relevant Industries

Technology

Financial Services

Healthcare

E-commerce

Software Development

Biotechnology

Clean Technology

Digital Media

Consumer Products

Professional Services

Manufacturing

Education Technology

Artificial Intelligence

Blockchain

Internet of Things

Relevant Teams

Legal

Executive Leadership

Board of Directors

Corporate Development

Human Resources

Finance

Operations

Strategy

Business Development

Relevant Roles

Founder

CEO

Company Director

Industry Expert

Technical Advisor

Strategic Advisor

Business Development Advisor

Financial Advisor

Marketing Advisor

Technology Advisor

Product Advisor

Investment Advisor

Growth Advisor

Operations Advisor

Legal Counsel

Company Secretary

Board Member

Executive Chairman

Chief Technology Officer

Chief Financial Officer

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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