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Advisory Board Agreement Template
"I need an Advisory Board Agreement Template for my tech startup to bring on a senior industry expert who will advise us quarterly and receive 1% equity compensation, with the agreement starting January 2025 and running for two years."
1. Parties: Identifies the company and the advisor, including full legal names and addresses
2. Background: States the company's desire to establish an advisory board and the advisor's qualifications
3. Definitions: Defines key terms used throughout the agreement
4. Appointment and Term: Details of the advisor's appointment and duration of service
5. Services: Specific duties and responsibilities of the advisor
6. Compensation: Details of fees, equity, or other compensation
7. Confidentiality: Obligations regarding confidential information
8. Intellectual Property: Ownership and rights to IP created during advisory service
9. Termination: Conditions and process for ending the agreement
1. Parties: Identifies the company and the advisor, including full legal names and addresses
2. Background: States the company's desire to establish an advisory board and the advisor's qualifications
3. Definitions: Defines key terms used throughout the agreement
4. Appointment and Term: Details of the advisor's appointment and duration of service
5. Services: Specific duties and responsibilities of the advisor
6. Compensation: Details of fees, equity, or other compensation
7. Confidentiality: Obligations regarding confidential information
8. Intellectual Property: Ownership and rights to IP created during advisory service
9. Termination: Conditions and process for ending the agreement
1. Schedule A - Services: Detailed list of advisory services and expectations
2. Schedule B - Compensation: Detailed compensation terms including payment schedule
3. Schedule C - Equity Terms: Details of any equity compensation arrangement
4. Appendix A - Confidentiality Agreement: Detailed confidentiality terms and requirements
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