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Advisor Agreement Startup Template Generator for the USA

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Key Requirements PROMPT example:

Advisor Agreement Startup Template

"I need an Advisor Agreement Startup Template for our AI healthcare startup to bring on a technical advisor with 5% equity vesting over 4 years, starting March 2025, with standard confidentiality and IP protection clauses."

Document background
The Advisor Agreement Startup Template is essential for early-stage companies seeking to formalize relationships with experienced advisors. This U.S.-focused agreement is typically used when startups want to bring on industry experts, experienced entrepreneurs, or subject matter specialists in an advisory capacity. It addresses critical aspects such as equity compensation, confidentiality, intellectual property protection, and defines the scope of advisory services. The template is particularly valuable for protecting both parties' interests while ensuring compliance with relevant securities and employment laws.
Suggested Sections

1. Parties: Identification of the company and advisor

2. Background: Context of the advisory relationship and purpose

3. Definitions: Key terms used throughout the agreement

4. Services: Scope of advisory services to be provided

5. Term and Termination: Duration and termination conditions

6. Compensation: Payment terms and equity arrangements

7. Confidentiality: Protection of company information

8. Intellectual Property: Ownership and assignment of IP created during advisory relationship

9. Representations and Warranties: Standard promises and guarantees by both parties

10. General Provisions: Miscellaneous legal provisions including governing law, notices, and amendments

Optional Sections

1. Parties: Identification of the company and advisor

2. Background: Context of the advisory relationship and purpose

3. Definitions: Key terms used throughout the agreement

4. Services: Scope of advisory services to be provided

5. Term and Termination: Duration and termination conditions

6. Compensation: Payment terms and equity arrangements

7. Confidentiality: Protection of company information

8. Intellectual Property: Ownership and assignment of IP created during advisory relationship

9. Representations and Warranties: Standard promises and guarantees by both parties

10. General Provisions: Miscellaneous legal provisions including governing law, notices, and amendments

Suggested Schedules

1. Schedule A - Services Description: Detailed outline of advisory services and responsibilities

2. Schedule B - Compensation Terms: Detailed compensation structure including equity vesting schedule if applicable

3. Schedule C - IP Assignment: Specific terms for intellectual property assignment and protection

4. Schedule D - Confidentiality Terms: Detailed confidentiality obligations and procedures

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

Clauses















Industries

Federal Securities Laws: Regulatory framework for equity compensation, including SEC regulations and disclosure requirements for advisors receiving equity as compensation

Internal Revenue Code: Tax implications for both advisor compensation and equity arrangements, including requirements for tax reporting and compliance

Federal IP Laws: Patent, Copyright, and Trade Secret protections, including the Defend Trade Secrets Act, governing intellectual property created or accessed during advisory relationship

Federal Employment Laws: Guidelines for proper classification of advisors vs. employees, including FLSA considerations and independent contractor regulations

State Contract Laws: State-specific requirements for contract formation, enforcement, and interpretation that affect the agreement's validity

Blue Sky Laws: State-specific securities regulations governing equity offerings and compensation within that particular state's jurisdiction

State Non-Compete Laws: State-specific restrictions and requirements for non-compete clauses, which vary significantly by jurisdiction

Trade Secret Protection: Federal and state requirements for protecting confidential information and trade secrets, including necessary clauses and enforcement mechanisms

JOBS Act Provisions: Regulations affecting startups' ability to raise capital and compensate advisors, including crowdfunding and disclosure requirements

Corporate Governance Requirements: Internal requirements including board approval processes, bylaw compliance, and potential fiduciary duties for advisors

Industry-Specific Regulations: Additional regulatory requirements specific to the startup's industry (e.g., healthcare, fintech, etc.) that may affect advisor relationships

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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