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The Advisory Board Consulting Agreement is essential for companies seeking to formalize relationships with expert advisors who provide strategic guidance but are not board directors or employees. This document, governed by Indian law, is commonly used when organizations need to establish clear terms of engagement with advisory board members, defining their roles, responsibilities, compensation, and obligations. It's particularly relevant for companies looking to benefit from external expertise while maintaining appropriate corporate governance structures. The agreement includes comprehensive provisions for confidentiality, intellectual property protection, and compliance with Indian regulatory requirements, making it suitable for both domestic and international advisory appointments. The document helps protect both parties' interests while ensuring transparency in the advisory relationship.

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

2. Background: Context of the agreement, including the company's desire to engage the advisor and the advisor's qualifications and willingness to serve

3. Definitions: Key terms used throughout the agreement, including 'Services', 'Confidential Information', 'Intellectual Property', and 'Term'

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

5. Services and Responsibilities: Detailed description of the advisory services to be provided and specific responsibilities of the advisor

6. Time Commitment: Expected time commitment, including frequency of meetings and availability for consultations

7. Compensation: Details of fees, payment terms, and any expense reimbursement policies

8. Independent Contractor Status: Clear statement that the advisor is an independent contractor and not an employee

9. Confidentiality: Obligations regarding confidential information, including scope, duration, and handling requirements

10. Intellectual Property: Ownership and assignment of intellectual property created during the engagement

11. Conflicts of Interest: Provisions regarding disclosure and handling of potential conflicts of interest

12. Termination: Grounds for termination, notice requirements, and consequences of termination

13. General Provisions: Standard legal provisions including governing law, jurisdiction, entire agreement, and amendments