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Startup Advisor Agreement for Pakistan

Startup Advisor Agreement Template for Pakistan

A comprehensive legal agreement governed by Pakistani law that establishes and regulates the relationship between a startup company and its advisor. The document outlines the advisor's roles, responsibilities, compensation terms, and obligations while ensuring compliance with Pakistani corporate and contract law. It includes provisions for confidentiality, intellectual property protection, and potential equity compensation, structured to meet the specific needs of the Pakistani startup ecosystem while incorporating international best practices for startup advisory relationships.

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Startup Advisor Agreement

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What is a Startup Advisor Agreement?

The Startup Advisor Agreement is a crucial document for emerging companies in Pakistan seeking to formalize relationships with experienced business advisors. This agreement becomes necessary when a startup wishes to engage professional advisors who can provide strategic guidance, industry expertise, or specific technical knowledge to support the company's growth. The document, governed by Pakistani law including the Contract Act 1872 and Companies Act 2017, typically covers essential elements such as scope of services, compensation structure (including potential equity arrangements), confidentiality obligations, and intellectual property rights. It's particularly important in the Pakistani context where the startup ecosystem is rapidly evolving and requires clear legal frameworks to protect both the company's and advisor's interests while ensuring compliance with local regulations.

What sections should be included in a Startup Advisor Agreement?

1. Parties: Identification of the startup company and the advisor, including their legal details and addresses

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

3. Definitions: Key terms used throughout the agreement

4. Appointment and Scope: Terms of the advisor's appointment and detailed scope of advisory services

5. Advisor's Obligations: Key responsibilities, commitments, and performance expectations of the advisor

6. Company's Obligations: Company's commitments to the advisor, including information provision and support

7. Term and Termination: Duration of the agreement and conditions for termination

8. Compensation: Details of advisory fees, payment terms, and reimbursement policies

9. Confidentiality: Obligations regarding confidential information and trade secrets

10. Intellectual Property: Ownership and rights related to IP created during the advisory relationship

11. Non-Competition and Non-Solicitation: Restrictions on competitive activities and solicitation of employees/clients

12. Representations and Warranties: Basic assurances from both parties

13. Indemnification: Mutual protection against claims and losses

14. General Provisions: Standard clauses including notices, amendments, governing law, and dispute resolution

What sections are optional to include in a Startup Advisor Agreement?

1. Equity Compensation: Details of any stock options or equity grants, including vesting schedules - used when advisor receives equity as part of compensation

2. International Services: Additional provisions for cross-border advisory services - used when advisor is based outside Pakistan

3. Board Observer Rights: Terms for advisor's participation in board meetings - used when advisor is granted board observer status

4. Performance Metrics: Specific KPIs or performance evaluation criteria - used when engagement is performance-based

5. Compliance with Securities Laws: Additional provisions for securities law compliance - used when equity compensation is involved

6. Data Protection: Specific provisions for handling personal data - used when advisor will have access to personal data

7. Force Majeure: Provisions for unforeseen circumstances - used when long-term engagement is contemplated

What schedules should be included in a Startup Advisor Agreement?

1. Schedule A - Services Description: Detailed outline of specific advisory services to be provided

2. Schedule B - Compensation Terms: Detailed breakdown of all compensation components including fees, equity, and benefits

3. Schedule C - Approved Outside Activities: List of advisor's pre-approved external commitments and activities

4. Schedule D - Contact Details: Key contact information for notices and communications

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

6. Appendix 2 - Equity Documents: Stock option or equity grant documentation, 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

Jurisdiction

Pakistan

Document Type

Agreement Contract

Cost

Free to use
Relevant legal definitions
































Clauses



































Relevant Industries

Technology

E-commerce

Financial Technology

Healthcare Technology

Software Development

Manufacturing

Renewable Energy

Education Technology

Artificial Intelligence

Biotechnology

Retail Innovation

Digital Media

Telecommunications

Relevant Teams

Legal

Executive Leadership

Corporate Governance

Business Development

Strategy

Finance

Corporate Affairs

Administration

Board of Directors

Company Secretariat

Relevant Roles

CEO

Founder

Co-founder

Chief Legal Officer

General Counsel

Business Advisor

Strategy Consultant

Industry Expert

Technical Advisor

Board Member

Company Secretary

Chief Financial Officer

Investment Advisor

Technology Consultant

Startup Mentor

Corporate Development Officer

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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