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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."
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
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
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
Technology
Financial Services
Healthcare
Manufacturing
Energy
Real Estate
Telecommunications
Professional Services
Education
Retail
Infrastructure
Pharmaceuticals
Private Equity
Aviation
Automotive
Legal
Human Resources
Executive Leadership
Corporate Strategy
Finance
Operations
Corporate Development
Compliance
Risk Management
Board Secretariat
Procurement
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
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