The Startup Advisor Contract is essential for emerging companies in Qatar seeking to formalize relationships with experienced professionals who provide strategic guidance and expertise. This document is particularly relevant in the context of Qatar's growing startup ecosystem and must comply with local regulations including the Qatar Commercial Companies Law No. 11 of 2015 and related legislation. It is typically used when a startup requires specialized expertise in areas such as business development, technology, finance, or market entry strategies, and wants to establish clear terms for the advisory relationship. The contract addresses crucial aspects such as scope of services, compensation (including possible equity arrangements), confidentiality, intellectual property rights, and the advisor's obligations while ensuring compliance with Qatar's legal framework. It's particularly important for startups operating within Qatar's various business zones, including the Qatar Financial Centre, and provides necessary legal protection for both the company and the advisor.
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1. Parties: Identification of the Company (startup) and the Advisor, including full legal names, registration details, and addresses
2. Background: Context of the agreement, including brief description of the startup's business and the advisor's expertise
3. Definitions: Key terms used throughout the agreement, including 'Services', 'Confidential Information', 'Intellectual Property', and 'Compensation'
4. Scope of Services: Detailed description of advisory services to be provided, including specific areas of expertise and responsibilities
5. Term and Termination: Duration of the advisory relationship, renewal terms, and conditions for termination
6. Compensation: Details of advisory fees, equity compensation (if any), and payment terms
7. Confidentiality: Obligations regarding confidential information, trade secrets, and non-disclosure requirements
8. Intellectual Property Rights: Ownership and protection of IP created during the advisory relationship
9. Independent Contractor Status: Clarification that advisor is an independent contractor, not an employee
10. Representations and Warranties: Statements of fact and promises made by both parties
11. Governing Law and Jurisdiction: Specification of Qatar law as governing law and jurisdiction for dispute resolution
1. Non-Competition: Restrictions on advisor's involvement with competing businesses, used when advisor has access to highly sensitive competitive information
2. Non-Solicitation: Restrictions on soliciting company employees or clients, used when advisor has significant interaction with key stakeholders
3. Expense Reimbursement: Terms for reimbursing advisor's expenses, included when travel or other expenses are anticipated
4. Performance Metrics: Specific goals or KPIs for the advisor, used when compensation is tied to performance
5. Insurance Requirements: Professional liability insurance requirements, included for high-risk advisory roles
6. Conflict Resolution: Detailed dispute resolution procedures, used for complex advisory relationships
1. Schedule A - Services Description: Detailed breakdown of specific advisory services and deliverables
2. Schedule B - Compensation Terms: Detailed structure of fees, equity, vesting schedules if applicable
3. Schedule C - Approved Outside Activities: List of advisor's pre-approved external commitments and activities
4. Appendix 1 - Confidentiality Agreement: Detailed NDA terms and specific confidential information categories
5. Appendix 2 - Share Option Agreement: If equity is part of compensation, detailed terms of share options or equity grants
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