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Senior Advisor Agreement Generator for the USA

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Key Requirements PROMPT example:

Senior Advisor Agreement

"I need a Senior Advisor Agreement for hiring a cybersecurity expert as an independent contractor who will advise our tech startup's board for 12 months starting January 2025, with monthly compensation and standard confidentiality provisions."

Document background
The Senior Advisor Agreement is essential when engaging experienced professionals in advisory capacities within U.S. organizations. This document is typically used when companies seek to formalize relationships with industry experts who will provide strategic guidance without taking on executive roles. The agreement carefully defines the scope of advisory services, establishes compensation terms, and includes necessary protections for both parties while maintaining compliance with U.S. federal and state regulations. It's particularly important for ensuring clear boundaries between advisory roles and employment relationships, and typically includes provisions for confidentiality, intellectual property, and liability protection.
Suggested Sections

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

2. Background: Context of the appointment and advisor's expertise

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. Compensation: Payment terms, including fees and expenses

7. Confidentiality: Protection of sensitive information

8. Independent Contractor Status: Clarification of advisor's status as independent contractor, not employee

9. Intellectual Property Rights: Ownership and protection of IP created during the advisory relationship

10. Representations and Warranties: Standard assurances from both parties

Optional Sections

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

2. Background: Context of the appointment and advisor's expertise

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. Compensation: Payment terms, including fees and expenses

7. Confidentiality: Protection of sensitive information

8. Independent Contractor Status: Clarification of advisor's status as independent contractor, not employee

9. Intellectual Property Rights: Ownership and protection of IP created during the advisory relationship

10. Representations and Warranties: Standard assurances from both parties

Suggested Schedules

1. Schedule A - Services Description: Detailed outline of specific services to be provided

2. Schedule B - Compensation Details: Breakdown of fees, payment schedule, and expense policies

3. Schedule C - Approved Outside Activities: List of pre-approved activities outside the scope of the agreement

4. Schedule D - Confidential Information: Specific categories of confidential information to be protected

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 Employment Laws: Key federal regulations including Fair Labor Standards Act (FLSA) for contractor classification, Age Discrimination in Employment Act (ADEA), Americans with Disabilities Act (ADA), and Civil Rights Act of 1964 (Title VII)

Tax Laws: Internal Revenue Code (IRC), state tax regulations, and IRS guidelines on independent contractor classification including Form 1099 requirements

Intellectual Property Laws: Legal framework covering Copyright Act, Patent Act, Trade Secrets Act, and Defend Trade Secrets Act to protect intellectual property rights

State-Specific Laws: Relevant state labor laws, non-compete regulations, and state-specific confidentiality and trade secret protections

Contract Law: Common law principles of contract formation, state-specific contract laws, and Statute of Frauds requirements

Securities Laws: Securities Act of 1933, Securities Exchange Act of 1934, and SEC regulations if advisor role involves securities-related activities

Privacy Laws: State privacy laws and industry-specific privacy regulations governing data protection and privacy rights

Confidentiality Considerations: Non-disclosure agreement provisions and data protection requirements to safeguard sensitive information

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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