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Business Advisory Agreement
"I need a Business Advisory Agreement for my tech startup to engage a strategic consultant for 12 months starting January 2025, with specific provisions for protecting our intellectual property and maintaining confidentiality of our product development plans."
1. Parties: Identification and details of the advisor and client company
2. Background: Context of the agreement and brief description of the parties' intentions
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. Fees and Payment: Payment terms, fee structure, and billing procedures
7. Confidentiality: Protection of confidential information and trade secrets
8. Intellectual Property: Ownership and rights to intellectual property created during the engagement
9. Liability and Indemnification: Limitation of liability and indemnification provisions
10. Governing Law: Specification of Singapore law as governing law
1. Non-Compete: Restrictions on competitive activities - used when protecting against competitive threats is crucial
2. Non-Solicitation: Restrictions on soliciting employees or clients - used when protecting business relationships is important
3. Force Majeure: Provisions for unforeseen circumstances - recommended for long-term or high-value services
4. Data Protection: PDPA compliance provisions - required when personal data processing is involved
5. Insurance: Professional indemnity insurance requirements - recommended for high-risk advisory services
1. Schedule of Services: Detailed breakdown of specific services to be provided
2. Fee Schedule: Detailed fee structure and payment terms
3. Key Personnel: List of key personnel involved in providing services
4. Service Level Agreement: Performance metrics and service standards
5. Compliance Requirements: Specific regulatory or compliance requirements
6. Data Processing Agreement: Detailed terms for handling personal data - required when personal data processing is involved
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