¶¶Òõ¶ÌÊÓƵ

All Countries
Investment
Advisory Board Agreement

Advisory Board Agreement Template for Nigeria

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Advisory Board Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Advisory Board Agreement

"I need an Advisory Board Agreement for a Nigerian fintech startup, where the advisor will be compensated with both cash and equity, and will need to attend quarterly virtual meetings starting March 2025."

Celebrated by
Collaborations with
Investors
Document background
The Advisory Board Agreement is a crucial document for Nigerian companies seeking to formalize relationships with external advisors who provide strategic guidance and expertise. This agreement is particularly important in the Nigerian business context, where corporate governance and transparency are increasingly emphasized. The document addresses key aspects required under Nigerian law, including appointment terms, compensation structures, confidentiality provisions, and compliance with corporate regulations. It's typically used when companies want to benefit from external expertise while maintaining clear boundaries between advisory roles and executive management. The agreement ensures protection for both the company and advisor while complying with relevant Nigerian legislation, including the Companies and Allied Matters Act (CAMA) 2020 and other applicable corporate governance frameworks.
Suggested Sections

1. Parties: Identification of the company and the advisor, including full legal names and addresses

2. Background: Context of the appointment and brief description of the company's business and advisor's expertise

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Formal appointment to the advisory board and duration of the appointment

5. Role and Responsibilities: Detailed description of advisory duties, meeting attendance, and time commitment

6. Compensation: Details of fees, payment schedule, and reimbursement of expenses

7. Confidentiality: Obligations regarding confidential information and trade secrets

8. Intellectual Property: Ownership and assignment of intellectual property created during the advisory relationship

9. Conflicts of Interest: Declaration and management of potential conflicts

10. Independent Contractor Status: Clarification that the advisor is not an employee

11. Termination: Circumstances and process for ending the agreement

12. General Provisions: Standard clauses including governing law, notices, and entire agreement

Optional Sections

1. Non-Competition: Restrictions on competing activities - include if advisor has access to sensitive competitive information

2. Insurance: Requirements for professional liability insurance - include if advisor provides specialized technical advice

3. Indemnification: Protection for advisor against claims - include if high-risk advisory services

4. Share Options: Details of any equity compensation - include if part of compensation includes shares/options

5. Anti-Corruption Compliance: Specific anti-corruption obligations - include if advisor deals with government entities

6. Data Protection: Specific data handling obligations - include if advisor processes personal data

Suggested Schedules

1. Schedule 1 - Services: Detailed scope of advisory services and specific responsibilities

2. Schedule 2 - Compensation: Detailed breakdown of fees, payment terms, and expense policies

3. Schedule 3 - Meeting Schedule: Expected frequency and format of advisory board meetings

4. Appendix A - Confidentiality Agreement: Detailed confidentiality terms and requirements

5. Appendix B - Conflict Disclosure Form: Template for declaring potential conflicts of interest

6. Appendix C - Code of Conduct: Advisory board ethical guidelines and behavioral expectations

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions
Clauses






























Relevant Industries

Technology

Financial Services

Healthcare

Manufacturing

Energy

Telecommunications

Professional Services

Education

Real Estate

Consumer Goods

Agriculture

Mining and Natural Resources

Entertainment and Media

Transportation and Logistics

Relevant Teams

Legal

Corporate Governance

Compliance

Human Resources

Finance

Corporate Affairs

Board Secretariat

Risk Management

Strategy

Relevant Roles

Chief Executive Officer

Company Secretary

Legal Counsel

Corporate Governance Officer

Board Secretary

Compliance Officer

Advisory Board Member

Non-Executive Director

Chief Financial Officer

Head of Strategy

General Counsel

Corporate Affairs Director

Risk Management Officer

Human Resources Director

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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Advisory Board Agreement

A Nigerian law-governed agreement establishing terms for advisory board membership, including duties, compensation, and obligations.

find out more

Startup Advisor Agreement

A Nigerian law-governed agreement establishing the terms and conditions between a startup and its advisor, including services, compensation, and obligations.

find out more

Advisory Shares Agreement

A Nigerian law-governed agreement detailing the terms of advisory services provided in exchange for company shares, including vesting schedule and obligations.

find out more

Advisor Contract

A Nigerian law-governed agreement establishing the terms and conditions between a client and an advisor for professional advisory services.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.