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Advisory Board Consulting Agreement Template for Philippines

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Key Requirements PROMPT example:

Advisory Board Consulting Agreement

"Need an Advisory Board Consulting Agreement for our Philippine tech startup, engaging a senior tech executive as advisor from January 2025, including equity compensation and specific provisions for protecting our IP and future fundraising activities."

Document background
The Advisory Board Consulting Agreement is essential for companies operating in the Philippines who seek to formalize the engagement of external experts in advisory capacities. This document is particularly relevant when organizations need specialized guidance for strategic decisions, market expansion, or technical expertise while maintaining compliance with Philippine corporate and labor laws. The agreement ensures clear delineation of the advisor's role as an independent contractor rather than an employee, addressing key aspects such as service scope, compensation, confidentiality, and intellectual property rights. It's specifically structured to comply with Philippine legal requirements while protecting both the company's interests and the advisor's independent status. The document is commonly used by both domestic and international companies operating in the Philippines who wish to establish formal advisory relationships with industry experts, professional consultants, or strategic advisors.
Suggested Sections

1. Parties: Identifies the company and the advisor, including complete legal names and addresses

2. Background: Explains the company's desire to engage the advisor and the advisor's qualifications and expertise

3. Definitions: Defines key terms used throughout the agreement

4. Appointment and Term: Establishes the advisor's appointment to the advisory board and specifies the term duration

5. Scope of Services: Details the advisory services to be provided, including meeting attendance and consultation requirements

6. Independent Contractor Status: Clearly establishes that the advisor is an independent contractor, not an employee

7. Compensation and Expenses: Specifies fees, payment terms, and reimbursable expenses

8. Time Commitment: Outlines expected time commitment and scheduling of advisory services

9. Confidentiality: Defines confidential information and obligations regarding its protection

10. Intellectual Property: Addresses ownership and rights to intellectual property created during the engagement

11. Conflicts of Interest: Sets forth obligations regarding competing activities and disclosure of conflicts

12. Termination: Specifies conditions and procedures for ending the agreement

13. General Provisions: Includes standard legal provisions such as governing law, notices, and amendments

Optional Sections

1. Equity Compensation: Include when the advisor will receive stock options or other equity-based compensation

2. Non-Competition: Include when requiring post-termination restrictions on competitive activities

3. Corporate Governance: Include when advisor will have specific corporate governance responsibilities

4. Data Privacy Compliance: Include when the role involves handling personal or sensitive data

5. Anti-Corruption Compliance: Include when the advisory role involves government relations or public sector interaction

6. Insurance: Include when requiring the advisor to maintain specific insurance coverage

7. Indemnification: Include when specific indemnification provisions are needed beyond standard liability provisions

Suggested Schedules

1. Schedule A - Services Description: Detailed description of advisory services and specific responsibilities

2. Schedule B - Compensation Terms: Detailed breakdown of fees, payment schedule, and expense reimbursement policies

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

4. Appendix 1 - Confidentiality Agreement: Detailed confidentiality terms and procedures

5. Appendix 2 - Conflict Disclosure Form: Template for disclosing potential conflicts of interest

6. Appendix 3 - Equity Compensation Terms: Details of any equity compensation arrangement if applicable

Authors

Alex Denne

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

Relevant legal definitions


























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Relevant Industries

Technology

Healthcare

Financial Services

Manufacturing

Real Estate

Energy

Telecommunications

Education

Consumer Goods

Professional Services

Agriculture

Mining

Infrastructure

Retail

Pharmaceuticals

Relevant Teams

Legal

Corporate Governance

Compliance

Human Resources

Executive Office

Board Secretariat

Corporate Affairs

Risk Management

Strategic Planning

Administrative

Relevant Roles

Chief Executive Officer

Legal Counsel

Corporate Secretary

Board Chairman

Chief Financial Officer

Compliance Officer

Human Resources Director

Advisory Board Member

Independent Consultant

Strategy Consultant

Industry Expert

Technical Advisor

Subject Matter Expert

External Advisor

Professional Consultant

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

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