The Startup Advisor Agreement Template is essential for early-stage companies in the United States seeking to formalize relationships with experienced professionals who provide strategic guidance. This document is typically used when bringing on board advisors who contribute expertise in areas such as technology, market strategy, industry connections, or fundraising. The agreement outlines the advisor's role, responsibilities, and compensation (often including equity), while protecting the company's intellectual property and confidential information. It ensures compliance with relevant U.S. securities laws, particularly when equity compensation is involved, and establishes clear boundaries for the advisory relationship.
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1. Parties: Identification of the company and advisor with full legal names and addresses
2. Background: Context of the advisory relationship and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Services: Detailed description of advisory services to be provided
5. Term and Termination: Duration of the agreement and termination conditions
6. Compensation: Details of payment, equity, or other compensation
7. Confidentiality: Protection of company's confidential information
8. Intellectual Property: Ownership and assignment of IP created during advisory period
1. Non-Competition: Restrictions on competitive activities when advisor works with potential competitors
2. Non-Solicitation: Restrictions on soliciting employees or customers when advisor has access to key relationships
3. Expense Reimbursement: Terms for reimbursing advisor expenses when advisor may incur expenses on company's behalf
1. Schedule A - Services Description: Detailed outline of specific advisory services and expectations
2. Schedule B - Compensation Terms: Detailed compensation structure, including any equity components
3. Schedule C - Equity Grant Terms: Specific terms of stock options or other equity compensation
4. Exhibit A - IP Assignment: Detailed terms of intellectual property assignment
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