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Startup Advisor Agreement
"I need a Startup Advisor Agreement for our Belgium-based fintech startup, where we're bringing on a technical advisor who will help with AI development for 2 days per month in exchange for 1% equity vesting over 2 years, starting March 2025."
1. Parties: Identification of the startup company and the advisor, including full legal names, registration numbers, and registered addresses
2. Background: Context of the agreement, including the startup's business, advisor's expertise, and general purpose of the engagement
3. Definitions: Key terms used throughout the agreement, including 'Services', 'Confidential Information', 'Intellectual Property', and 'Deliverables'
4. Appointment and Term: Formal appointment of the advisor, term of engagement, and renewal/extension provisions
5. Scope of Services: Detailed description of advisory services to be provided, including specific areas of expertise and deliverables
6. Advisor's Obligations: Key responsibilities, time commitment, reporting requirements, and standard of care
7. Company's Obligations: Company's responsibilities, including providing necessary information and access to enable advisor to perform services
8. Compensation: Fee structure, payment terms, expenses, and any equity compensation arrangements
9. Intellectual Property Rights: Ownership and assignment of IP created during the advisory relationship
10. Confidentiality: Protection of confidential information, trade secrets, and business information
11. Independent Contractor Status: Clear statement of advisor's status as independent contractor, not an employee
12. Termination: Grounds for termination, notice periods, and consequences of termination
13. General Provisions: Standard legal clauses including governing law, jurisdiction, entire agreement, and amendments
1. Equity Compensation: Detailed terms of any stock options or equity grants, used when advisor receives equity as part of compensation
2. Non-Competition: Restrictions on advisor's ability to work with competitors, used when advisor has access to highly sensitive information
3. Non-Solicitation: Restrictions on soliciting company's employees or customers, used when advisor has significant contact with key stakeholders
4. Data Protection: GDPR compliance provisions, used when advisor will have access to personal data
5. Board Observer Rights: Terms for advisor's attendance at board meetings, used when advisor has senior advisory role
6. Performance Metrics: Specific KPIs or performance evaluation criteria, used when compensation is tied to performance
7. Insurance Requirements: Professional liability insurance requirements, used for high-risk advisory roles
8. Dispute Resolution: Mediation or arbitration procedures, used when parties prefer alternative dispute resolution
1. Schedule A - Services Description: Detailed outline of specific advisory services, deliverables, and time commitment
2. Schedule B - Compensation Terms: Detailed breakdown of fees, payment schedule, and expense reimbursement policy
3. Schedule C - Equity Compensation Plan: Details of any stock options or equity grants, including vesting schedule and terms
4. Schedule D - Confidential Information: Specific categories of confidential information and handling requirements
5. Appendix 1 - Company Policies: Relevant company policies that advisor must comply with
6. Appendix 2 - Conflict Disclosure Form: Template for advisor to disclose any potential conflicts of interest
Authors
Technology
Software Development
Biotechnology
Fintech
E-commerce
Healthcare Technology
Clean Technology
Artificial Intelligence
Digital Media
Software as a Service
Internet of Things
Retail Technology
Educational Technology
Manufacturing Technology
Blockchain
Cybersecurity
Legal
Human Resources
Executive Leadership
Board of Directors
Finance
Operations
Strategy
Corporate Development
Administration
Compliance
Chief Executive Officer
Founder
Co-founder
Chief Technology Officer
Chief Financial Officer
General Counsel
Legal Counsel
HR Director
Business Development Director
Strategy Advisor
Technical Advisor
Industry Expert
Board Member
Startup Mentor
Innovation Consultant
Technology Advisor
Financial Advisor
Marketing Advisor
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