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Advisor Equity Agreement
"I need an Advisor Equity Agreement for our Pakistan-based fintech startup, offering 2% equity to a senior technology advisor with quarterly vesting over 2 years starting March 2025, including specific clauses for protecting our intellectual property and product roadmap."
1. Parties: Identifies the company and the advisor, including their full legal names, addresses, and registration details where applicable
2. Background: Explains the context of the agreement, the company's desire to engage the advisor, and the advisor's qualifications
3. Definitions: Defines key terms used throughout the agreement, including types of shares, vesting periods, and advisory services
4. Appointment and Services: Details the advisor's appointment, role, and scope of advisory services to be provided
5. Equity Compensation: Specifies the equity grant details, including number of shares or options, type of securities, and consideration
6. Vesting Schedule: Outlines the vesting timeline, conditions, and any acceleration provisions
7. Advisor's Obligations: Lists the advisor's duties, time commitments, reporting requirements, and performance standards
8. Company's Obligations: Details the company's responsibilities, including equity issuance, information provision, and support
9. Representations and Warranties: Contains statements of fact and promises from both parties regarding their capacity and authority
10. Confidentiality: Establishes confidentiality obligations and handling of proprietary information
11. Intellectual Property: Addresses ownership and rights to any IP created during the advisory relationship
12. Term and Termination: Specifies the duration of the agreement and circumstances for termination
13. General Provisions: Includes standard legal clauses like governing law, notices, and amendments
1. Non-Competition: Restricts advisor from competing activities; include when advisor has access to sensitive competitive information
2. Non-Solicitation: Prevents advisor from soliciting employees or customers; use when advisor has significant contact with key stakeholders
3. Board Observer Rights: Grants advisor right to attend board meetings; include for strategic advisors or significant equity holders
4. Tag-Along Rights: Gives advisor right to join in sale of shares; relevant for substantial equity grants
5. Drag-Along Rights: Requires advisor to join in sale of shares; important for potential future company sale
6. Tax Provisions: Detailed tax handling procedures; include when complex tax implications exist or for international advisors
7. Dispute Resolution: Specifies arbitration or mediation procedures; include when parties prefer alternative dispute resolution
8. Currency Provisions: Addresses currency conversion and payment terms; include for international advisors
1. Schedule A - Services Description: Detailed outline of specific advisory services, deliverables, and performance metrics
2. Schedule B - Equity Terms: Detailed terms of equity grant, including class of shares, rights, and restrictions
3. Schedule C - Vesting Schedule: Detailed vesting timeline, including any cliff period and acceleration events
4. Schedule D - Company Information: Key company information including capital structure and current shareholding
5. Appendix 1 - Share Transfer Form: Standard form for executing share transfers under the agreement
6. Appendix 2 - Confidentiality Agreement: Detailed confidentiality terms and procedures
7. Appendix 3 - Board Resolution: Copy of board resolution approving the advisor appointment and equity grant
8. Appendix 4 - Required Regulatory Forms: Any forms required by Pakistani securities regulations for equity issuance
Authors
Technology and Software
Financial Services
Healthcare and Biotechnology
Education and EdTech
E-commerce and Retail
Manufacturing
Professional Services
Media and Entertainment
Real Estate
Energy and Utilities
Telecommunications
Agriculture and AgriTech
Logistics and Transportation
Consulting Services
Legal
Corporate Affairs
Executive Leadership
Board of Directors
Finance
Corporate Development
Human Resources
Company Secretariat
Compliance
Strategic Planning
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Company Secretary
Board Member
Strategic Advisor
Technical Advisor
Industry Expert
Management Consultant
Business Development Director
Investment Advisor
Corporate Development Manager
Startup Founder
Executive Director
Chief Technology Officer
Chief Strategy Officer
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