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Startup Advisor Agreement
"I need a Startup Advisor Agreement for our Vancouver-based tech startup to bring on a cybersecurity expert as an advisor, with monthly compensation of $2,000 and 0.5% equity vesting over 24 months, starting March 1, 2025."
1. Parties: Identifies the startup company and the advisor, including their full legal names and addresses
2. Background: Outlines the context of the agreement, including the startup's business and the advisor's expertise
3. Definitions: Defines key terms used throughout the agreement
4. Appointment and Term: Establishes the advisor's role and the duration of the agreement
5. Services: Details the specific advisory services to be provided
6. Time Commitment: Specifies the expected time commitment from the advisor
7. Compensation: Outlines the basic compensation structure for advisory services
8. Confidentiality: Establishes obligations regarding confidential information
9. Intellectual Property: Addresses ownership and rights to IP created during the advisory relationship
10. Representations and Warranties: Contains basic warranties from both parties
11. Termination: Specifies how the agreement can be terminated by either party
12. General Provisions: Includes standard legal provisions such as governing law, notices, and amendments
1. Equity Compensation: Detailed terms for any equity-based compensation, including vesting schedules and conditions
2. Conflict of Interest: Specific provisions addressing potential conflicts, particularly if the advisor works with multiple startups
3. Non-Competition: Restrictions on advisor's involvement with competing businesses
4. Expenses: Terms for reimbursement of advisor's expenses
5. Board Observer Rights: If applicable, terms for advisor's attendance at board meetings
6. Insurance: Requirements for professional liability insurance
7. Data Protection: Specific provisions for handling personal data, particularly important for international agreements
8. Tax Matters: Specific provisions regarding tax treatment of compensation
1. Schedule A - Services Description: Detailed outline of specific advisory services and deliverables
2. Schedule B - Compensation Terms: Detailed compensation structure, including any equity components
3. Schedule C - Confidential Information: Specific details about what constitutes confidential information
4. Schedule D - Equity Documents: If applicable, stock option or share grant documentation
5. Schedule E - Conflict Disclosure: Advisor's disclosure of potential conflicts of interest
6. Appendix 1 - Meeting Schedule: Expected frequency and format of advisory meetings
7. Appendix 2 - Expense Policy: Details of allowable expenses and reimbursement procedures
Authors
Technology
Software Development
Biotechnology
Financial Technology
Clean Technology
E-commerce
Healthcare Technology
Artificial Intelligence
Consumer Products
Enterprise Software
Digital Media
Telecommunications
Education Technology
Internet of Things
Renewable Energy
Legal
Executive Leadership
Corporate Development
Finance
Operations
Board of Directors
Strategy
Business Development
Corporate Governance
Human Resources
CEO
Founder
Co-founder
Chief Legal Officer
General Counsel
Legal Counsel
Chief Financial Officer
Business Development Director
Head of Operations
Corporate Secretary
Board Member
Startup Advisor
Venture Partner
Chief Technology Officer
Head of Strategy
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