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Advisor Equity Agreement
"I need an Advisor Equity Agreement for a Malaysian tech startup, granting our new technical advisor 2% equity vesting over 2 years, with monthly vesting after a 6-month cliff, starting January 1, 2025."
1. Parties: Identification of the Company and the Advisor with full legal names and details
2. Background: Context of the agreement and advisor appointment
3. Definitions: Key terms used throughout the agreement
4. Appointment and Role: Scope of advisory services and relationship terms
5. Equity Compensation: Details of equity grant, including number of shares or options
6. Vesting Schedule: Timing and conditions for equity vesting
7. Services and Commitments: Specific duties, time commitment, and performance expectations
8. Confidentiality: Protection of company's confidential information
9. Intellectual Property: Ownership and assignment of IP created during advisory period
10. Term and Termination: Duration of agreement and termination provisions
11. Representations and Warranties: Standard legal assurances from both parties
12. General Provisions: Standard boilerplate clauses including governing law, notices, etc.
1. Non-Competition: Restrictions on advisor's involvement with competing businesses - include if advisor has access to sensitive competitive information
2. Tax Matters: Specific tax handling and responsibilities - include if complex tax implications exist
3. Board Observer Rights: Rights to attend board meetings - include if advisor is granted board observation privileges
4. Expense Reimbursement: Terms for reimbursing advisor expenses - include if advisor will incur reimbursable expenses
5. Insurance: Requirements for professional liability insurance - include if advisor provides specialized professional services
6. Regulatory Compliance: Specific regulatory obligations - include if advisor's role involves regulated activities
1. Schedule 1 - Equity Terms: Detailed terms of equity grant including class of shares, rights, and restrictions
2. Schedule 2 - Vesting Schedule: Detailed vesting timeline and milestone conditions
3. Schedule 3 - Services Description: Detailed scope of advisory services and deliverables
4. Schedule 4 - Share Transfer Form: Template form for executing share transfers
5. Appendix A - Company Articles Extract: Relevant excerpts from company's articles relating to share issuance
6. Appendix B - Confidentiality Terms: Detailed confidentiality obligations and procedures
Authors
Technology Startups
Financial Services
Professional Services
Healthcare
E-commerce
Manufacturing
Education Technology
Biotechnology
Real Estate
Renewable Energy
Digital Media
Telecommunications
Legal
Corporate Secretarial
Finance
Executive Leadership
Human Resources
Compliance
Board of Directors
Corporate Development
Strategic Planning
CEO
Founder
Managing Director
Legal Counsel
Company Secretary
Chief Financial Officer
Corporate Advisor
Business Development Director
Strategy Consultant
Industry Expert
Technical Advisor
Board Member
Venture Partner
Chief Technology Officer
Operations Director
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