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Startup Advisor Agreement Template Generator for the USA

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Key Requirements PROMPT example:

Startup Advisor Agreement Template

"I need a Startup Advisor Agreement Template for bringing on a technical advisor who will help with AI development and receive 1% equity compensation, starting March 2025, with strong IP protection clauses and California governing law."

Document background
The Startup Advisor Agreement Template is essential for early-stage companies in the United States seeking to formalize relationships with experienced professionals who provide strategic guidance. This document is typically used when bringing on board advisors who contribute expertise in areas such as technology, market strategy, industry connections, or fundraising. The agreement outlines the advisor's role, responsibilities, and compensation (often including equity), while protecting the company's intellectual property and confidential information. It ensures compliance with relevant U.S. securities laws, particularly when equity compensation is involved, and establishes clear boundaries for the advisory relationship.
Suggested Sections

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

2. Background: Context of the advisory relationship and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Services: Detailed description of advisory services to be provided

5. Term and Termination: Duration of the agreement and termination conditions

6. Compensation: Details of payment, equity, or other compensation

7. Confidentiality: Protection of company's confidential information

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

Optional Sections

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

2. Background: Context of the advisory relationship and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Services: Detailed description of advisory services to be provided

5. Term and Termination: Duration of the agreement and termination conditions

6. Compensation: Details of payment, equity, or other compensation

7. Confidentiality: Protection of company's confidential information

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

Suggested Schedules

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

2. Schedule B - Compensation Terms: Detailed compensation structure, including any equity components

3. Schedule C - Equity Grant Terms: Specific terms of stock options or other equity compensation

4. Exhibit A - IP Assignment: Detailed terms of intellectual property assignment

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

Securities Laws: Including Securities Act of 1933, Securities Exchange Act of 1934, State 'Blue Sky' laws, regulations regarding equity compensation, and SEC regulations regarding advisory roles

Employment and Labor Laws: Covering Fair Labor Standards Act (FLSA), state-specific employment laws, advisor classification (independent contractor vs. employee), and IRS guidelines for independent contractors

Intellectual Property Laws: Encompassing Copyright Act, Patent Act, Trade Secrets laws, Defend Trade Secrets Act (DTSA), and state-specific IP protection laws

Confidentiality and Privacy Laws: Including state-specific privacy laws, industry-specific regulations, and data protection requirements

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

Tax Laws: Including IRS regulations regarding compensation, state tax implications, and treatment of equity compensation

Corporate Laws: Encompassing state corporation laws, securities issuance requirements, and corporate governance regulations

Industry-Specific Regulations: Varying based on startup's industry (e.g., healthcare, fintech), including relevant regulatory compliance requirements

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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