tiktok成人版

Advisory Board Agreement Template for Indonesia

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Key Requirements PROMPT example:

Advisory Board Agreement

"I need an Advisory Board Agreement for my Indonesian technology startup to appoint a senior telecommunications executive who will advise on our 5G implementation strategy starting March 2025, with quarterly meetings and equity compensation options."

Document background
The Advisory Board Agreement is a critical document used when companies in Indonesia seek to formally engage external experts to provide strategic guidance and industry insights. This document is essential for establishing clear parameters of the advisory relationship while ensuring compliance with Indonesian legal requirements, including corporate law, employment regulations, and language requirements. The agreement typically includes comprehensive provisions covering appointment terms, compensation, confidentiality, intellectual property rights, and independence of the advisor. It's particularly important in the Indonesian context where business relationships often require careful documentation and clear distinction from employment relationships. The document should be drafted in both Indonesian and English languages to comply with Law No. 24 of 2009, with the Indonesian version prevailing in case of inconsistencies.
Suggested Sections

1. Parties: Identification of the company and the advisor, including complete legal names and addresses

2. Background: Context of the advisory relationship and brief description of the company's business and advisor's expertise

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Formal appointment of advisor, term length, and renewal provisions

5. Role and Responsibilities: Detailed description of advisory duties, meeting attendance requirements, and expected time commitment

6. Compensation: Advisory fees, payment terms, and expense reimbursement policies

7. Confidentiality: Protection of company's confidential information and trade secrets

8. Intellectual Property: Ownership and rights to intellectual property created during the advisory relationship

9. Independence and Non-Employment Status: Clear statement that advisor is an independent contractor, not an employee

10. Conflict of Interest: Obligations to disclose and avoid conflicts of interest

11. Termination: Grounds for termination and procedures for ending the advisory relationship

12. Language Requirements: Compliance with Indonesian Law No. 24 of 2009 regarding language requirements

13. Governing Law and Dispute Resolution: Choice of Indonesian law and dispute resolution mechanisms

14. General Provisions: Standard boilerplate clauses including notices, amendments, and severability

Optional Sections

1. Non-Competition: Restrictions on advisor's involvement with competing businesses - used when advisor has access to sensitive competitive information

2. Stock Options or Equity Compensation: Terms of any equity-based compensation - included when advisor receives company shares or options

3. Anti-Corruption Compliance: Detailed anti-corruption provisions - important when advisor has government connections or influence

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

5. Data Protection: Specific data protection obligations - necessary when advisor will handle personal or sensitive data

6. Public Announcements: Rules for public disclosure of advisor's role - important for high-profile advisors or public companies

7. Force Majeure: Provisions for unforeseen circumstances preventing performance - relevant in long-term advisory relationships

Suggested Schedules

1. Schedule A - Scope of Services: Detailed description of specific advisory services and deliverables

2. Schedule B - Compensation Details: Detailed breakdown of fees, payment schedule, and expense reimbursement policies

3. Schedule C - Meeting Schedule: Annual calendar of advisory board meetings and time commitment expectations

4. Schedule D - Approved Outside Activities: List of pre-approved advisory or business activities with other organizations

5. Appendix 1 - Confidentiality Agreement: Detailed confidentiality terms and requirements

6. Appendix 2 - Conflict of Interest Policy: Company's conflict of interest policy and disclosure requirements

7. Appendix 3 - Code of Conduct: Company's code of conduct applicable to advisors

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

Relevant legal definitions









































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Relevant Industries

Technology

Healthcare

Financial Services

Manufacturing

Energy

Mining

Agriculture

Education

Real Estate

Telecommunications

Consumer Goods

Professional Services

Pharmaceuticals

Infrastructure

E-commerce

Relevant Teams

Legal

Corporate Secretariat

Compliance

Human Resources

Finance

Corporate Affairs

Corporate Governance

Board of Directors

Executive Management

Strategy

Relevant Roles

Chief Executive Officer

Chief Legal Officer

General Counsel

Corporate Secretary

Chief Financial Officer

Head of Corporate Affairs

Board Secretary

Legal Counsel

Compliance Officer

Human Resources Director

Chief Strategy Officer

Corporate Governance Officer

Legal Manager

Company Director

Board Member

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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