Document background
The Board of Advisors Agreement is a crucial document for companies operating under Dutch law who seek to formally engage external experts in an advisory capacity. This agreement is typically used when a company wants to establish an advisory board to provide strategic guidance, industry expertise, or specialized knowledge without creating an employment relationship or formal board position. The document ensures compliance with Dutch corporate governance requirements while clearly defining the advisor's role, responsibilities, compensation, and obligations regarding confidentiality and conflicts of interest. It's particularly important for growing companies, those entering new markets, or organizations requiring specific expertise for strategic decision-making. The agreement protects both the company's interests and the advisor's position by establishing clear boundaries and expectations within the Dutch legal framework.
