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Startup Advisor Agreement Template for Hong Kong

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Key Requirements PROMPT example:

Startup Advisor Agreement

I need a Startup Advisor Agreement for a technical advisor who will help our AI startup with product development and technical strategy for 2 years starting January 2025, with compensation being 1% equity vesting over 24 months.

Document background
The Startup Advisor Agreement is a crucial document for early-stage companies in Hong Kong seeking to formalize relationships with experienced professionals who can provide strategic guidance, industry expertise, or technical knowledge. This agreement type is specifically designed to address the unique needs of startups while ensuring compliance with Hong Kong's legal requirements. It typically includes provisions for both cash and equity compensation, clearly defines the advisor's role as an independent contractor, and incorporates necessary protections for intellectual property and confidential information. The document is particularly important in Hong Kong's dynamic startup ecosystem, where companies often rely on experienced advisors to help navigate growth challenges and market opportunities. The agreement should be used when engaging any external advisor who will provide ongoing strategic guidance to the startup, whether in technical, business, or industry-specific matters.
Suggested Sections

1. Parties: Identification of the company and the advisor, including their respective addresses and registration details

2. Background: Context of the agreement, including the company's business and the advisor's expertise

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Scope of advisor's appointment, commencement date, and duration of the agreement

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

6. Time Commitment: Expected hours/days of commitment and availability requirements

7. Compensation: Advisory fees, equity compensation (if any), and payment terms

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

9. Confidentiality: Obligations regarding confidential information and trade secrets

10. Intellectual Property: Ownership and assignment of IP created during the advisory relationship

11. Conflicts of Interest: Restrictions on competing activities and disclosure requirements

12. Termination: Circumstances and process for ending the agreement

13. General Provisions: Standard legal clauses including governing law, notices, and entire agreement

Optional Sections

1. Equity Compensation Terms: Detailed terms of any equity grants, vesting schedules, and related conditions - include when advisor receives equity compensation

2. Expenses: Terms for reimbursement of expenses - include when advisor may incur business expenses

3. Non-Competition: Restrictions on working with competitors - include for advisors in sensitive positions or with access to highly confidential information

4. Insurance: Requirements for professional liability insurance - include for high-risk advisory roles

5. Board Observer Rights: Terms for attendance at board meetings - include when advisor is granted board observer status

6. Indemnification: Mutual or one-way indemnification provisions - include for high-risk engagements

7. Performance Metrics: Specific KPIs or performance expectations - include when compensation is tied to performance

Suggested Schedules

1. Schedule 1: Services Description: Detailed scope of advisory services and specific responsibilities

2. Schedule 2: Compensation Details: Detailed breakdown of all forms of compensation, including payment schedules

3. Schedule 3: Equity Terms: Details of any equity compensation, including vesting schedule and conditions

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

5. Appendix A: Conflict Disclosure Form: Template for advisor to disclose any potential conflicts of interest

6. Appendix B: Expense Policy: Guidelines for expense reimbursement if applicable

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 | Serial Founder & Legal AI Author

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Clauses






























Relevant Industries

Technology

Financial Services

E-commerce

Healthcare

Education Technology

Biotechnology

Software Development

Digital Media

Clean Technology

Artificial Intelligence

Blockchain

Consumer Products

Professional Services

Relevant Teams

Legal

Executive

Corporate Development

Human Resources

Operations

Finance

Business Development

Strategy

Relevant Roles

Startup Founder

CEO

Chief Legal Officer

General Counsel

Legal Counsel

Company Secretary

Business Advisor

Technical Advisor

Industry Expert

Strategic Consultant

Board Advisor

Chief Technology Officer

Chief Financial Officer

Investment Advisor

Operations Advisor

Growth Mentor

Industries







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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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