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Business Advisor Agreement Generator for the USA

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Key Requirements PROMPT example:

Business Advisor Agreement

"I need a Business Advisor Agreement for hiring a strategic consultant to help with our company's expansion into Asian markets, starting March 2025, with strong confidentiality and non-compete provisions as we'll be sharing sensitive market data."

Document background
The Business Advisor Agreement serves as a crucial document for companies seeking external expertise and guidance for their business operations. This agreement, governed by U.S. law, outlines the professional relationship between a business advisor and the client company, detailing responsibilities, compensation, confidentiality requirements, and liability provisions. It's particularly important for protecting both parties' interests while ensuring clarity in the scope of services and deliverables. The agreement addresses key legal considerations including intellectual property rights, non-compete provisions, and independent contractor status.
Suggested Sections

1. Parties: Identifies and defines the parties entering into the agreement - the business advisor and the client company

2. Background/Recitals: Sets out the context and purpose of the agreement

3. Definitions: Defines key terms used throughout the agreement

4. Scope of Services: Details the specific advisory services to be provided

5. Term and Termination: Specifies duration of the agreement and termination conditions

6. Compensation: Details fees, payment terms, and reimbursement of expenses

7. Confidentiality: Obligations regarding confidential information

8. Independent Contractor Status: Clarifies the relationship between parties

Optional Sections

1. Parties: Identifies and defines the parties entering into the agreement - the business advisor and the client company

2. Background/Recitals: Sets out the context and purpose of the agreement

3. Definitions: Defines key terms used throughout the agreement

4. Scope of Services: Details the specific advisory services to be provided

5. Term and Termination: Specifies duration of the agreement and termination conditions

6. Compensation: Details fees, payment terms, and reimbursement of expenses

7. Confidentiality: Obligations regarding confidential information

8. Independent Contractor Status: Clarifies the relationship between parties

Suggested Schedules

1. Schedule A - Services Description: Detailed outline of services to be provided by the advisor

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

3. Schedule C - Key Personnel: List of key individuals involved in providing advisory services

4. Appendix 1 - Confidentiality Agreement: Detailed confidentiality terms and conditions

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

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Industries

Federal Securities Laws: Securities Exchange Act and Investment Advisers Act of 1940 - crucial if advisory services involve securities or investment advice

Federal Tax Law: Internal Revenue Code provisions affecting business advisory relationships and compensation

Federal Trade Secret Protection: Trade Secrets Act and Economic Espionage Act governing protection of confidential business information

State Contract Laws: State-specific contract formation, enforcement, and interpretation requirements

State Licensing Requirements: State-specific business and professional licensing regulations for advisory services

Privacy and Data Protection Laws: Federal and state regulations regarding data protection, confidentiality, and privacy compliance including potential GDPR considerations

Intellectual Property Laws: Copyright, Patent, and Trademark laws affecting ownership and use of intellectual property in advisory relationship

Employment Classification Laws: Federal and state laws governing independent contractor vs. employee classification and related obligations

Professional Services Regulations: Industry-specific regulations and fiduciary duties applicable to business advisory services

Contract Law Fundamentals: Basic principles including consideration, offer and acceptance, capacity, and enforceability requirements

Liability and Insurance Requirements: Professional liability considerations, insurance requirements, and limitation of liability provisions

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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