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Startup Advisor Contract
"I need a Startup Advisor Contract for a fintech advisor who will provide strategic guidance for 2 days per month, compensated with both cash and equity (2% stock options), starting March 1, 2025, with strong IP protection clauses as we're developing proprietary AI technology."
1. Parties: Identification of the startup company and the advisor, including complete legal names, addresses, and registration details
2. Background: Context of the advisory relationship, company's business, and advisor's expertise
3. Definitions: Key terms used throughout the agreement including 'Services', 'Confidential Information', 'Intellectual Property', and 'Company Materials'
4. Appointment and Term: Formal appointment of advisor, term of engagement, and renewal provisions
5. Scope of Services: Detailed description of advisory services, including specific areas of expertise, time commitment, and delivery methods
6. Advisor's Obligations: Key responsibilities, performance standards, and compliance requirements
7. Company's Obligations: Company's responsibilities, including provision of necessary information and support
8. Compensation: Fee structure, payment terms, and any equity compensation arrangements
9. Confidentiality: Obligations regarding confidential information, trade secrets, and company data
10. Intellectual Property: Ownership and protection of IP created during the advisory relationship
11. Non-Competition and Non-Solicitation: Restrictions on competitive activities and solicitation of employees/clients
12. Termination: Grounds for termination, notice requirements, and consequences of termination
13. General Provisions: Standard clauses including governing law, dispute resolution, and amendments
1. Equity Compensation: Detailed terms of any stock options or equity grants, used when advisor receives equity-based compensation
2. Board Observer Rights: Terms for advisor's participation in board meetings, used when advisor is granted board observation rights
3. Performance Metrics: Specific KPIs or success metrics for the advisor, used when engagement is performance-based
4. International Travel: Terms regarding international travel and related expenses, used when advisor is based overseas
5. Multiple Company Relationships: Guidelines for advising multiple companies, used when advisor works with multiple startups
6. Force Majeure: Provisions for unforeseen circumstances preventing performance, particularly relevant post-COVID
7. Data Protection: Specific provisions for handling personal data, used when advisor has access to personal data
1. Schedule A - Scope of Services: Detailed breakdown of specific advisory services and deliverables
2. Schedule B - Compensation Terms: Detailed fee structure, payment schedule, and equity compensation terms if applicable
3. Schedule C - Company Information: Key company information and specific areas requiring advisory input
4. Appendix 1 - Confidentiality Agreement: Detailed NDA terms and list of specific confidential information
5. Appendix 2 - Equity Documents: Stock option or equity grant documentation if applicable
6. Appendix 3 - Code of Conduct: Company's code of conduct and ethical guidelines applicable to advisors
Authors
Technology
E-commerce
Financial Technology
Healthcare Technology
Education Technology
Digital Services
Software Development
Biotechnology
Clean Technology
Consumer Internet
Mobile Applications
Enterprise Software
Artificial Intelligence
Digital Marketing
Telecommunications
Legal
Executive Leadership
Corporate Affairs
Human Resources
Finance
Business Development
Strategy
Operations
Technology
Innovation
Compliance
Corporate Governance
Chief Executive Officer
Founder
Co-founder
Business Advisor
Technical Advisor
Industry Expert
Strategic Consultant
Board Member
Chief Technology Officer
Chief Financial Officer
Legal Counsel
Company Secretary
Head of Business Development
Innovation Director
Growth Strategist
Investment Advisor
Operations Director
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