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Board Of Advisor Agreement
"I need a Board of Advisor Agreement for our AI startup based in Amsterdam, with provisions for monthly advisory meetings, stock options offering, and specific expertise requirements in machine learning technology development."
1. Parties: Identification of the company and the advisor, including full legal names and addresses
2. Background: Context of the appointment and brief description of the advisor's expertise and the company's needs
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Formal appointment of the advisor, term of service, and renewal/termination provisions
5. Role and Responsibilities: Detailed description of the advisor's duties, expected time commitment, and scope of services
6. Compensation: Details of fees, equity compensation if any, and expense reimbursement
7. Independent Contractor Status: Clarification that the advisor is an independent contractor, not an employee
8. Confidentiality: Obligations regarding confidential information and trade secrets
9. Intellectual Property: Ownership and assignment of intellectual property created during the advisory relationship
10. Conflicts of Interest: Obligations to disclose and avoid conflicts of interest
11. Termination: Grounds and procedures for ending the agreement
12. General Provisions: Standard legal clauses including governing law, notices, and amendment procedures
1. Non-Competition: Restrictions on working with competitors, used when advisor has access to sensitive competitive information
2. Stock Options or Equity Compensation: Detailed terms for equity-based compensation, included when advisor receives company shares or options
3. Board Observer Rights: Rights to attend board meetings, included when advisor is granted board observation privileges
4. Insurance and Indemnification: Coverage of advisor under company insurance policies, used for high-risk advisory roles
5. Data Protection: Specific GDPR compliance provisions, included when advisor will process personal data
6. Travel and Meeting Requirements: Specific obligations regarding in-person attendance, used when regular physical presence is required
1. Schedule A - Services Description: Detailed outline of specific advisory services and deliverables
2. Schedule B - Compensation Terms: Detailed breakdown of fees, payment schedule, and expense policies
3. Schedule C - Confidential Information: Specific categories of confidential information covered by the agreement
4. Appendix 1 - Company Policies: Relevant company policies applicable to advisors
5. Appendix 2 - Equity Plan Terms: Details of any equity compensation plan, if applicable
6. Appendix 3 - Conflict Disclosure Form: Template for declaring potential conflicts of interest
Authors
Technology
Healthcare
Financial Services
Manufacturing
Energy
Professional Services
E-commerce
Biotech
Real Estate
Telecommunications
Software
Consulting
Sustainability
Education Technology
Artificial Intelligence
Legal
Executive Management
Corporate Governance
Human Resources
Compliance
Corporate Development
Board Secretariat
Finance
Strategy
Chief Executive Officer
General Counsel
Chief Legal Officer
Board Secretary
Chief Financial Officer
Corporate Development Director
Head of Legal
Legal Counsel
Company Secretary
Compliance Officer
Board Member
Managing Director
HR Director
Strategy Director
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