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Startup Advisor Agreement
I need a Startup Advisor Agreement for a fintech advisor who will provide strategic guidance for 8 hours per month, compensated with both cash and equity (2% vesting over 3 years), including strict confidentiality provisions and board observer rights.
1. Parties: Identification of the startup company and the advisor, including full legal names, registration 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 Term: Formal appointment of the advisor, duration of the agreement, and renewal terms
5. Services: Detailed description of advisory services to be provided
6. Time Commitment: Expected time commitment and availability of the advisor
7. Compensation: Fee structure, equity compensation (if any), and payment terms
8. Expenses: Policy on reimbursement of expenses incurred by the advisor
9. Confidentiality: Obligations regarding confidential information and trade secrets
10. Intellectual Property: Ownership and rights to intellectual property created during the advisory relationship
11. Non-Competition and Non-Solicitation: Restrictions on competitive activities and solicitation of employees/customers
12. Termination: Conditions and procedures for ending the agreement
13. General Provisions: Standard legal provisions including governing law, notices, and amendments
1. Equity Compensation Terms: Detailed terms for stock options or other equity compensation, used when equity is part of the compensation package
2. Board Observer Rights: Terms for advisor participation in board meetings, if applicable
3. Performance Metrics: Specific goals and evaluation criteria for the advisor, if performance-based compensation is included
4. Insurance and Liability: Requirements for professional liability insurance and limitation of liability provisions
5. Data Protection: Specific GDPR compliance provisions, required if personal data processing is involved
6. Remote Services: Provisions for virtual meetings and remote advisory services
7. Conflict Resolution: Specific procedures for handling disputes, including mediation or arbitration clauses
1. Schedule A - Services Description: Detailed outline of specific advisory services and responsibilities
2. Schedule B - Compensation Terms: Detailed breakdown of all compensation elements, including payment schedules
3. Schedule C - Equity Terms: Details of any equity compensation, including vesting schedules and conditions
4. Schedule D - Approved External Commitments: List of advisor's pre-approved external advisory roles or commitments
5. Appendix 1 - Confidential Information: Specific categories of confidential information covered by the agreement
6. Appendix 2 - Contact Details: Contact information and communication protocols for both parties
Authors
Technology
Software Development
E-commerce
Fintech
Healthcare Technology
Clean Technology
Artificial Intelligence
Biotechnology
Digital Media
Manufacturing
Retail Innovation
Education Technology
Blockchain
Internet of Things
Sustainable Energy
Legal
Executive Leadership
Board of Directors
Corporate Development
Strategy
Innovation
Operations
Finance
Business Development
Governance
CEO
Founder
Co-Founder
Business Advisor
Industry Expert
Strategic Consultant
Board Member
Chief Technology Officer
Chief Financial Officer
Venture Partner
Innovation Consultant
Growth Strategist
Technical Advisor
Market Entry Specialist
Scale-up Advisor
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