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Startup Advisor Contract

Startup Advisor Contract Template for India

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Key Requirements PROMPT example:

Startup Advisor Contract

"I need a Startup Advisor Contract for our AI technology startup, engaging a senior tech executive as advisor with 2% equity vesting over 24 months starting March 2025, including board observer rights and standard confidentiality provisions."

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Document background
The Startup Advisor Contract is essential for formalizing advisory relationships in India's growing startup ecosystem. This document is typically used when a startup seeks to engage experienced professionals for strategic guidance, industry expertise, or specialized knowledge. The contract, governed by Indian law, carefully balances the interests of both parties by clearly defining the advisor's role, compensation (including potential equity arrangements), confidentiality obligations, and intellectual property rights. It incorporates provisions compliant with the Indian Contract Act, 1872, Companies Act, 2013, and relevant SEBI regulations when equity compensation is involved. The document is particularly crucial for early-stage and growth-stage startups looking to build strong governance structures and protect their interests while benefiting from external expertise.
Suggested Sections

1. Parties: Identification of the startup company and the advisor, including their legal details and contact information

2. Background: Context of the advisory relationship, brief description of the startup's business, and advisor's expertise

3. Definitions: Key terms used throughout the agreement, including 'Services', 'Confidential Information', 'Intellectual Property', etc.

4. Appointment and Term: Formal appointment of the advisor, duration of the engagement, and renewal/termination provisions

5. Scope of Services: Detailed description of advisory services to be provided, including time commitment and delivery methods

6. Advisor's Obligations: Key responsibilities, commitments, and standard of care expected from the advisor

7. Company's Obligations: Company's commitments to support the advisor's work, including information access and resource provision

8. Compensation: Basic compensation structure, payment terms, and reimbursement of expenses

9. Confidentiality: Obligations regarding confidential information, including usage restrictions and return of materials

10. Intellectual Property: Ownership and assignment of IP created during the advisory relationship

11. Term and Termination: Duration of the agreement, renewal provisions, and grounds for termination

12. General Provisions: Standard legal clauses including governing law, notices, amendment process, and dispute resolution

Optional Sections

1. Equity Compensation: Details of any equity-based compensation, including vesting schedule and conditions - used when advisor receives equity

2. Board Observer Rights: Terms for advisor's attendance at board meetings - included when advisor is granted board observation privileges

3. Non-Competition: Restrictions on advisor's involvement with competing businesses - used when protecting against competitive conflicts

4. Performance Metrics: Specific goals and evaluation criteria - included when compensation or continuation is tied to performance

5. Insurance and Indemnification: Coverage requirements and protection provisions - used for high-risk advisory roles

6. Publicity Rights: Terms for using advisor's name and biography - included when advisor's reputation is significant

7. Multiple Advisor Coordination: Provisions for coordinating with other advisors - used when company has multiple advisors

Suggested Schedules

1. Schedule A - Services Description: Detailed outline of specific services, deliverables, and time commitment

2. Schedule B - Compensation Terms: Detailed compensation structure, including cash fees, equity components, and vesting schedules

3. Schedule C - Approved External Commitments: List of advisor's pre-approved external engagements and potential conflicts

4. Appendix 1 - Confidentiality Terms: Detailed confidentiality obligations and procedures

5. Appendix 2 - IP Assignment: Detailed intellectual property assignment provisions and procedures

6. Appendix 3 - Contact Details: Key contact information for notices and communications

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions

































Clauses

































Relevant Industries

Technology

E-commerce

FinTech

HealthTech

EdTech

SaaS

Clean Technology

Biotechnology

Artificial Intelligence

Manufacturing

Consumer Products

Digital Media

AgriTech

Retail Technology

Mobile Applications

Relevant Teams

Legal

Executive Leadership

Corporate Governance

Finance

Human Resources

Operations

Strategy

Corporate Development

Company Secretarial

Compliance

Board of Directors

Relevant Roles

Founder

CEO

Chief Legal Officer

General Counsel

Company Secretary

Chief Financial Officer

Legal Counsel

Startup Advisor

Business Mentor

Industry Expert

Technical Advisor

Strategic Consultant

Board Member

Investment Advisor

Operations Director

HR Director

Chief Technology 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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