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Senior Advisor Agreement Template for India

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Key Requirements PROMPT example:

Senior Advisor Agreement

"I need a Senior Advisor Agreement for engaging a tech industry expert who will advise our AI startup on product strategy and market expansion, including provisions for equity compensation and protection of our intellectual property, with the engagement starting January 2025."

Document background
The Senior Advisor Agreement is a crucial document used when organizations seek to formally engage experienced professionals for strategic guidance and specialized expertise. This agreement, governed by Indian law, is particularly important for companies looking to benefit from senior-level expertise without creating a full-time employment relationship. The document addresses key aspects including scope of services, compensation, confidentiality, intellectual property rights, and compliance with Indian regulatory requirements. It's designed to protect both parties' interests while ensuring clarity in the advisory relationship, particularly important in the Indian business context where advisory roles often involve significant strategic decision-making and access to sensitive information. The agreement typically includes provisions for both regular consulting arrangements and project-specific advisory services, with flexibility to accommodate various industry-specific requirements and regulatory compliance needs.
Suggested Sections

1. Parties: Identification of the engaging entity and the advisor, including their legal details and addresses

2. Background: Context of the engagement and brief description of advisor's expertise and company's requirements

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Formal appointment of advisor, term of engagement, and renewal provisions

5. Scope of Services: Detailed description of advisory services to be provided

6. Advisor's Obligations: Key responsibilities, commitments, and performance standards

7. Company's Obligations: Company's commitments to support the advisor's services

8. Compensation and Expenses: Fee structure, payment terms, and reimbursable expenses

9. Confidentiality: Protection of confidential information and trade secrets

10. Intellectual Property: Ownership and rights to work product and pre-existing IP

11. Non-Competition and Non-Solicitation: Restrictions on competitive activities and solicitation

12. Termination: Grounds for termination and associated procedures

13. Indemnification: Mutual indemnification obligations and limitations

14. Governing Law and Jurisdiction: Applicable law and dispute resolution mechanisms

15. General Provisions: Standard boilerplate clauses including notices, amendments, and severability

Optional Sections

1. Equity Compensation: Include when advisor receives stock options or other equity-based compensation

2. Regulatory Compliance: Include for regulated industries or when advisor must comply with specific regulatory requirements

3. Performance Metrics: Include when advisory services are tied to specific performance indicators or outcomes

4. Board Participation: Include if advisor will participate in board meetings or committees

5. Insurance: Include when advisor is required to maintain professional liability or other insurance

6. Force Majeure: Include to address unforeseen circumstances preventing performance

7. Anti-Corruption Compliance: Include when dealing with government entities or public sector

8. Data Protection: Include when advisor will handle personal or sensitive data

Suggested Schedules

1. Schedule A - Scope of Services: Detailed breakdown of specific advisory services and deliverables

2. Schedule B - Compensation Details: Detailed fee structure, payment schedule, and expense policy

3. Schedule C - Key Performance Indicators: Specific metrics or targets for measuring advisor's performance

4. Schedule D - Approved External Commitments: List of pre-approved external advisory or business commitments

5. Schedule E - Compliance Requirements: Specific regulatory or compliance requirements applicable to the engagement

6. Appendix 1 - Confidentiality Agreement: Detailed confidentiality terms and requirements

7. Appendix 2 - Conflict of Interest Disclosure: Declaration of potential conflicts and mitigation measures

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

Energy

Real Estate

Telecommunications

Professional Services

Education

Retail

Infrastructure

Pharmaceuticals

Private Equity

Aviation

Automotive

Relevant Teams

Legal

Human Resources

Executive Leadership

Corporate Strategy

Finance

Operations

Corporate Development

Compliance

Risk Management

Board Secretariat

Procurement

Relevant Roles

Chief Executive Officer

Managing Director

Board Member

Industry Expert

Strategic Advisor

Technical Advisor

Financial Advisor

Management Consultant

Executive Director

Chief Strategy Officer

Senior Business Advisor

Domain Expert

Technology Advisor

Investment Advisor

Operations Advisor

Market Strategy Advisor

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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