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Advisor Contract

Advisor Contract Template for Singapore

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Key Requirements PROMPT example:

Advisor Contract Template

"Need an Advisor Contract Template for engaging a senior technology consultant to provide strategic guidance on our digital transformation project in Singapore, with specific focus on confidentiality and IP protection as we'll be sharing sensitive product roadmaps."

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Document background
The Advisor Contract Template is essential for businesses operating in Singapore that engage external advisors for professional guidance and expertise. This document ensures compliance with Singapore's legal framework while protecting both parties' interests through clear definition of services, compensation, and obligations. The template is particularly valuable when establishing long-term advisory relationships and needs to be customized based on specific industry requirements and the nature of advisory services being provided.
Suggested Sections

1. Parties: Identification of contracting parties and their details

2. Background: Context and purpose of the advisory relationship

3. Definitions: Key terms used throughout the agreement

4. Scope of Services: Detailed description of advisory services to be provided

5. Term and Termination: Duration of agreement and termination provisions

6. Compensation: Fee structure and payment terms

7. Confidentiality: Protection of confidential information and non-disclosure obligations

8. Representations and Warranties: Statements of fact and promises made by both parties

9. Limitation of Liability: Extent and limits of advisor's liability

10. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction for disputes

Optional Sections

1. Non-Compete: Restrictions on competitive activities during and after the agreement term

2. Intellectual Property: Ownership and rights to materials created during the advisory relationship

3. Insurance: Required insurance coverage and maintenance obligations

4. Data Protection: PDPA compliance provisions and data handling requirements

5. Force Majeure: Provisions for unforeseeable circumstances preventing contract performance

Suggested Schedules

1. Schedule 1 - Services Description: Detailed scope of advisory services and deliverables

2. Schedule 2 - Fee Schedule: Detailed breakdown of fees, payment terms, and expenses

3. Schedule 3 - Key Performance Indicators: Metrics and standards for measuring advisor performance

4. Appendix A - Compliance Requirements: Industry-specific regulatory requirements and compliance obligations

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions























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Industries

Employment Act (Cap. 91): Primary legislation governing employment relationships in Singapore - needed to clearly distinguish between employment and independent contractor relationships

Contract Law (Amendment) Act 2012: Fundamental legislation governing contract formation, terms, and enforcement in Singapore

Civil Law Act (Cap. 43): Basic framework for civil obligations and contractual relationships in Singapore

Personal Data Protection Act 2012 (PDPA): Governs the collection, use, and disclosure of personal data; essential for handling advisor's and client's personal information

Cybersecurity Act 2018: Relevant for digital services and cybersecurity obligations in professional relationships

Copyright Act (Cap. 63): Protects intellectual property rights and creative works in advisory relationships

Patents Act (Cap. 221): Governs protection of inventions and innovative solutions that may arise during advisory work

Trade Marks Act (Cap. 332): Relevant for protecting brands and marks in advisory relationships

Income Tax Act (Cap. 134): Governs taxation aspects of advisory fees and compensation

Securities and Futures Act (Cap. 289): Crucial for financial advisory services and securities-related consulting

Financial Advisers Act (Cap. 110): Regulates financial advisory services and related professional conduct

Competition Act (Cap. 50B): Relevant for non-compete clauses and fair competition practices in advisory agreements

Mediation Act 2017: Framework for mediation as a dispute resolution mechanism

Arbitration Act (Cap. 10): Governs arbitration proceedings for dispute resolution in Singapore

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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