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Startup Advisor Contract

Startup Advisor Contract Generator for the USA

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Key Requirements PROMPT example:

Startup Advisor Contract

"I need a Startup Advisor Contract for a fintech startup bringing on a senior tech executive as an advisor, with quarterly meetings and 1% equity vesting over 2 years starting March 2025."

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Document background
The Startup Advisor Contract serves as a crucial document for emerging companies seeking to formalize relationships with experienced professionals who can provide strategic guidance. This agreement, commonly used in the United States startup ecosystem, defines the advisor's role, responsibilities, and compensation structure, which often includes equity components. The contract addresses key areas such as confidentiality, intellectual property protection, and potential conflicts of interest, while ensuring compliance with securities laws and other relevant regulations. It's essential for protecting both the company's interests and the advisor's rights while establishing clear expectations for the relationship.
Suggested Sections

1. Parties: Identification of the company and advisor, including 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 provisions

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

7. Confidentiality: Protection of company information and trade secrets

8. Intellectual Property: Assignment and protection of intellectual property rights

9. Representations and Warranties: Standard representations from both parties regarding capacity and authority

10. General Provisions: Miscellaneous legal provisions including governing law, notices, and amendments

Optional Sections

1. Parties: Identification of the company and advisor, including 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 provisions

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

7. Confidentiality: Protection of company information and trade secrets

8. Intellectual Property: Assignment and protection of intellectual property rights

9. Representations and Warranties: Standard representations from both parties regarding capacity and authority

10. General Provisions: Miscellaneous legal provisions including governing law, notices, and amendments

Suggested Schedules

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

2. Schedule B - Compensation Terms: Detailed compensation structure including equity terms if applicable

3. Schedule C - IP Assignment: Specific terms for intellectual property assignment

4. Exhibit A - Form of Stock Option Agreement: Standard form of stock option agreement if equity compensation is included

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

alex.den.21@genieai.co
Clauses






















Industries

Securities Laws: Includes Securities Act of 1933, Securities Exchange Act of 1934, State 'Blue Sky' laws, and regulations regarding equity compensation and SEC compliance for advisor equity grants

Employment and Labor Laws: Encompasses Fair Labor Standards Act (FLSA), proper classification of advisor status (independent contractor vs. employee), IRS guidelines, and state-specific labor regulations

Intellectual Property Laws: Covers Patent Act, Copyright Act, Trade Secrets Act, trademark laws, and IP assignment provisions to protect company innovations and intellectual assets

Contract Law: Includes state-specific contract laws, Statute of Frauds, and Uniform Commercial Code provisions that govern the formation and enforcement of the advisory agreement

Privacy and Confidentiality: Addresses Non-Disclosure Agreement (NDA) provisions, data protection requirements, and trade secrets protection mechanisms

Tax Laws: Covers IRS regulations regarding compensation, state tax implications, treatment of equity compensation, and 409A valuation considerations for equity grants

Corporate Law: Encompasses state corporate laws, fiduciary duties considerations, and corporate governance requirements that may apply to advisory relationships

Competition Law: Addresses non-compete provisions, non-solicitation clauses, and state-specific restrictions on competitive limitations in advisory agreements

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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