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Advisory Board Confidentiality Agreement for the United Kingdom

Advisory Board Confidentiality Agreement Template for United States

An Advisory Board Confidentiality Agreement is a legally binding document used in the United States to protect sensitive information shared with advisory board members during their engagement with an organization. This agreement establishes the confidentiality obligations, defines protected information, and outlines the terms of use and non-disclosure requirements. It typically includes provisions for the protection of trade secrets, intellectual property, and other proprietary information under both federal and state laws.

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What is a Advisory Board Confidentiality Agreement?

The Advisory Board Confidentiality Agreement is essential when organizations engage external experts as advisory board members who will have access to sensitive business information. This document ensures that confidential information, trade secrets, and intellectual property are protected under U.S. federal and state laws. The agreement typically outlines the scope of confidentiality, duration of obligations, and consequences of breach, while establishing clear guidelines for handling and returning confidential materials. It's particularly crucial for organizations sharing strategic plans, proprietary technology, or sensitive market information with their advisory board members.

What sections should be included in a Advisory Board Confidentiality Agreement?

1. Parties: Identification of the company and advisory board member

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

3. Definitions: Key terms including Confidential Information, Trade Secrets, and Intellectual Property

4. Confidentiality Obligations: Core confidentiality provisions and restrictions on use

5. Term and Termination: Duration of confidentiality obligations and termination provisions

6. Return of Materials: Requirements for returning confidential materials upon termination

7. Governing Law: Applicable jurisdiction and choice of law

What sections are optional to include in a Advisory Board Confidentiality Agreement?

1. Non-Competition: Restrictions on competing activities, applicable when advisory role involves sensitive competitive information

2. Non-Solicitation: Restrictions on soliciting employees or customers, relevant when advisor has significant contact with employees or customers

3. Intellectual Property Assignment: Assignment of IP rights for advisory work, necessary when advisor may contribute to IP development

What schedules should be included in a Advisory Board Confidentiality Agreement?

1. Description of Advisory Services: Detailed scope of advisory role and responsibilities

2. List of Pre-Existing IP: Inventory of advisor's pre-existing intellectual property

3. Specific Categories of Confidential Information: Detailed list of types of confidential information covered

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

United States

Document Type

Advisory Agreement

Cost

Free to use

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