What is an Advisor Agreement?

An Advisor Agreement is a contract that outlines the terms of the relationship between a company and an individual providing advisory services. It typically covers the scope of services, compensation (which may include cash, equity, or both), confidentiality, and intellectual property rights.

Why is an Advisor Agreement important, especially for startups?

For startups, advisors can provide crucial guidance and connections. A formal agreement clarifies expectations, protects sensitive company information, and defines how the advisor will be compensated, particularly if equity is involved, preventing future misunderstandings.

What key terms should be in an Advisor Agreement?

Key terms include a clear description of advisory services, compensation details (amount, type, vesting schedule for equity), term of the agreement, confidentiality obligations, assignment of intellectual property (if any created), and termination clauses.

Can this Advisor Agreement template be used for equity compensation?

Yes, our Advisor Agreement template is designed to be customizable and can accommodate various compensation structures, including provisions for equity compensation, which is common for startup advisors.

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🏢 Company Information

Company Name *

Company Address *

Company Phone

Company Email

Company Stage

Industry

CEO/Authorized Representative *

Title

👨‍💼 Advisor Information

Advisor Name *

Advisor Address *

Advisor Phone

Advisor Email

Professional Title

Area of Expertise

📋 Advisory Terms

Advisory Role *

Time Commitment

Agreement Start Date *

Agreement Term

Scope of Advisory Services *

💰 Compensation Structure

Compensation Type *

Cash Compensation (Annual)

Equity Percentage *

Equity Type

Vesting Schedule

Exercise Price (if applicable)

Vesting Acceleration Triggers

📊 Expectations & Obligations

Meeting Frequency

Reporting Structure

Specific Expectations

Advisor Obligations

📜 Legal Terms & Conditions

Termination Notice Period

Governing Law

Additional Terms & Conditions

Include Confidentiality/Non-Disclosure Clause

Include Non-Compete Clause

Include IP Assignment Clause

Include Indemnification Clause

Include Conflict of Interest Disclosure