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The Advisory Board Member Agreement is a crucial document for Qatar-based companies seeking to enhance their strategic decision-making through external expertise. This agreement is particularly relevant in the context of Qatar's rapidly evolving business landscape and its push toward economic diversification under Qatar National Vision 2030. It serves as a formal contract between the company and advisory board members, detailing their appointment terms, duties, compensation, and obligations. The document ensures compliance with Qatar's legal framework, including the Commercial Companies Law, Civil Code, and corporate governance regulations. It's especially important for companies requiring specialized industry knowledge, international market insights, or specific technical expertise. The agreement includes comprehensive provisions for confidentiality, intellectual property protection, and conflict management, reflecting the sophisticated nature of Qatar's business environment and the need for clear governance structures in advisory relationships.

1. Parties: Identification of the company and the advisory board member, including full legal names and addresses

2. Background: Context of the appointment and brief description of the company's business and need for advisory services

3. Definitions: Key terms used throughout the agreement, including 'Services', 'Confidential Information', 'Intellectual Property', and 'Term'

4. Appointment and Term: Formal appointment of the advisor, duration of the appointment, and renewal terms

5. Role and Responsibilities: Detailed description of the advisor's duties, expected time commitment, and participation requirements

6. Compensation: Details of fees, meeting attendance fees, and expense reimbursement policies

7. Confidentiality: Obligations regarding confidential information, trade secrets, and company data

8. Conflicts of Interest: Disclosure requirements and handling of potential conflicts

9. Intellectual Property: Ownership and rights related to any IP created during the advisory relationship

10. Termination: Circumstances and procedures for ending the agreement

11. Independent Contractor Status: Clarification that the advisor is not an employee

12. Compliance with Laws: Obligation to comply with applicable Qatari laws and regulations

13. General Provisions: Standard clauses including governing law, notices, and amendments