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1. Non-Competition: Restrictions on advisor's involvement with competing businesses - optional based on company's requirements and local enforceability

2. Expense Reimbursement: Terms for reimbursing advisor's expenses - include if company will cover certain costs

3. Insurance: Requirements for professional liability insurance - relevant for high-risk advisory roles

4. Dispute Resolution: Specific procedures for handling disputes - optional if parties prefer to rely on standard court process

5. Independent Contractor Status: Explicit clarification of advisor's status as independent contractor - important in jurisdictions with strict employment laws

6. Board Observer Rights: Rights to attend board meetings - include if advisor will have board observation privileges

1. Schedule A - Services: Detailed scope of advisory services and specific areas of expertise to be provided

2. Schedule B - Compensation Terms: Detailed structure of compensation, including any equity components, vesting schedules, and payment terms

3. Schedule C - Confidentiality Agreement: Comprehensive confidentiality terms and specific types of confidential information

4. Schedule D - Conflict Disclosure: Disclosure of advisor's existing commitments and potential conflicts of interest

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

6. Appendix 2 - Company Policies: Relevant company policies that apply to advisors