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Customer Advisory Board Agreement Generator for the USA

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Key Requirements PROMPT example:

Customer Advisory Board Agreement

"I need a Customer Advisory Board Agreement for our SaaS company that includes quarterly meetings and stock-based compensation for board members, with strong confidentiality provisions as we'll be discussing our upcoming product roadmap for 2025."

Document background
The Customer Advisory Board Agreement is essential for companies seeking structured input from their key customers or industry experts. This U.S.-based document formalizes the relationship between the company and advisory board members, protecting both parties' interests through clear guidelines on confidentiality, intellectual property, and member responsibilities. It's particularly crucial for companies looking to gather strategic feedback on products, services, and market direction while maintaining legal compliance and protecting sensitive information.
Suggested Sections

1. Parties: Identification of the company and CAB member, including full legal names and addresses

2. Background: Purpose of the CAB and context of the agreement

3. Definitions: Key terms used throughout the agreement

4. Term and Termination: Duration of CAB membership and termination conditions

5. Responsibilities: Duties and obligations of CAB members

6. Confidentiality: Protection of confidential information and trade secrets

7. Intellectual Property: Ownership of ideas and innovations discussed during CAB meetings

Optional Sections

1. Parties: Identification of the company and CAB member, including full legal names and addresses

2. Background: Purpose of the CAB and context of the agreement

3. Definitions: Key terms used throughout the agreement

4. Term and Termination: Duration of CAB membership and termination conditions

5. Responsibilities: Duties and obligations of CAB members

6. Confidentiality: Protection of confidential information and trade secrets

7. Intellectual Property: Ownership of ideas and innovations discussed during CAB meetings

Suggested Schedules

1. Schedule A - Meeting Schedule: Anticipated dates and frequency of CAB meetings

2. Schedule B - Compensation Details: Detailed breakdown of any compensation or benefits

3. Schedule C - Confidentiality Agreement: Detailed NDA terms and conditions

4. Schedule D - Code of Conduct: Expected behavior and ethics guidelines

5. Schedule E - Expense Policy: Detailed expense reimbursement procedures and limits

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

Confidentiality and Trade Secrets: Includes Defend Trade Secrets Act (DTSA), state-specific trade secret laws, and NDA provisions to protect sensitive company information shared with advisory board members

Securities Laws: Covers Securities Exchange Act of 1934, Regulation FD (Fair Disclosure), insider trading regulations, and SEC compliance requirements for public company information

Intellectual Property Laws: Encompasses Copyright Act, Patent Act, trademark laws, and provisions for IP ownership and rights assignment in advisory relationships

Competition Laws: Includes Sherman Antitrust Act, Clayton Act, Federal Trade Commission Act, and anti-competition regulations to prevent collusion or anti-competitive behavior

Data Privacy and Security: Covers state-specific data privacy laws (like CCPA), industry-specific regulations, and GDPR compliance requirements if applicable

Employment/Independent Contractor Laws: Addresses Fair Labor Standards Act, state employment laws, and IRS guidelines for proper classification and treatment of advisory board members

Compensation Regulations: Covers securities-based compensation rules, tax implications, and state-specific compensation laws for advisory board member remuneration

Corporate Governance: Includes state corporation laws, board fiduciary duties, and conflict of interest provisions for advisory board operations

Industry-Specific Regulations: Addresses sector-specific compliance requirements and industry standards that may affect advisory board operations

Contract Law Basics: Covers state contract laws, Uniform Commercial Code, and Statute of Frauds requirements for ensuring enforceability of the agreement

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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