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Advisory Board Agreement Nonprofit for Philippines

Advisory Board Agreement Nonprofit Template for Philippines

A comprehensive legal agreement governed by Philippine law that establishes and defines the relationship between a nonprofit organization and an advisory board member. This document outlines the terms of appointment, duties, responsibilities, confidentiality obligations, and compensation (if any) of advisory board members while ensuring compliance with the Philippine Revised Corporation Code and relevant nonprofit governance regulations. It provides a framework for engaging external expertise while maintaining proper corporate governance and protecting both parties' interests.

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What is a Advisory Board Agreement Nonprofit?

The Advisory Board Agreement Nonprofit is a crucial document for Philippine nonprofit organizations seeking to formalize relationships with external advisors who provide strategic guidance and expertise. This agreement is particularly important in the Philippine context, where nonprofit governance is regulated by the Revised Corporation Code and various sector-specific regulations. The document is typically used when organizations wish to establish an advisory board distinct from their main Board of Trustees, bringing in subject matter experts, industry leaders, or community representatives to provide non-binding strategic advice. It addresses key aspects such as appointment terms, meeting requirements, confidentiality obligations, and potential conflicts of interest, while ensuring compliance with Philippine nonprofit governance standards and data privacy laws. The agreement also clarifies that advisory board members serve in a non-executive capacity, distinguishing their role from that of trustees or officers of the organization.

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

1. Parties: Identifies the nonprofit organization and the advisory board member, including their complete legal names and addresses

2. Background: Describes the nonprofit's mission, purpose for establishing an advisory board, and the advisor's relevant expertise

3. Definitions: Defines key terms used throughout the agreement

4. Appointment and Term: Specifies the appointment to the advisory board, term length, and renewal/termination conditions

5. Role and Responsibilities: Details the advisor's duties, expected time commitment, and scope of advisory services

6. Meeting Requirements: Outlines frequency of meetings, attendance requirements, and participation methods (in-person/virtual)

7. Compensation and Expenses: Specifies any honoraria, reimbursement policies, and payment terms

8. Confidentiality: Defines confidential information and obligations to maintain confidentiality

9. Standard of Conduct: Establishes expected behavior, ethical standards, and compliance with nonprofit governance principles

10. Relationship of Parties: Clarifies the independent contractor status and non-employment relationship

11. Termination: Details circumstances and procedures for ending the advisory relationship

12. General Provisions: Includes standard clauses on notices, amendments, governing law, and dispute resolution

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

1. Intellectual Property: Addresses ownership and rights to any intellectual property created during advisory services

2. Non-Competition: Restricts involvement with competing organizations, if applicable

3. Insurance and Indemnification: Details any insurance requirements and mutual indemnification provisions

4. Use of Name and Likeness: Governs how the organization may use the advisor's name and credentials

5. Conflicts of Interest: Procedures for declaring and handling potential conflicts

6. Other Commitments: Addresses advisor's ability to serve on other boards or maintain other professional roles

7. Performance Evaluation: Process for reviewing advisor's contributions and effectiveness

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

1. Schedule A - Specific Duties and Responsibilities: Detailed list of specific advisory duties and focus areas

2. Schedule B - Compensation Details: Specific terms of honoraria, reimbursement rates, and payment procedures

3. Schedule C - Meeting Schedule: Annual calendar of planned meetings and major events requiring advisor participation

4. Schedule D - Conflict of Interest Disclosure Form: Standard form for declaring potential conflicts of interest

5. Appendix 1 - Code of Conduct: Detailed behavioral expectations and ethical guidelines

6. Appendix 2 - Confidentiality Agreement: Detailed confidentiality terms and procedures

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

Philippines

Document Type

Advisory Agreement

Cost

Free to use

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