[{"data":1,"prerenderedAt":504},["ShallowReactive",2],{"document-advisor-agreement-D13243":3},{"document":4,"label":20,"preview":11,"thumb":21,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":22,"breadcrumb":26,"related":34,"customDescModule":173,"customdescription":6,"mdFm":174,"mdProseHtml":503},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":16,"keywords":15},"ADVISOR AGREEMENT This Advisor Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [ADVISOR NAME] (the \"Advisor\"), an individual with his main address located at OR a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] In the event of a conflict in the provisions of any attachments hereto and the provisions set forth in this Agreement, the provisions of such attachments shall govern this Agreement. In consideration of the foregoing and of the mutual promises set forth herein, and intending to be legally bound, the Parties hereto agree as follows: RECITALS The Advisor has expertise in the area of the Company's business and is willing to provide Advisory services to the Company. The Company is willing to engage the Advisor as an independent contractor, and not as an employee, on the terms and conditions set forth herein. The Company desires to obtain the services of the Advisor by means of services provided by the Advisor's employees dispatched by the Advisor to provide services to the Company hereunder (\"Agents\"), on its own behalf and on behalf of all existing and future Affiliated Companies (defined as any corporation or other business entity or entities that directly or indirectly controls, is controlled by, or is under common control with the Company), and the Advisor desires to provide Advisory services to the Company upon the following terms and conditions. The Company has spent significant time, effort, and money to develop certain Proprietary Information (as defined below), which the Company considers vital to its business and goodwill. The Proprietary Information will necessarily be communicated to or acquired by the Advisor and its Agents in the course of providing Advisory services to the Company, and the Company desires to obtain the services of the Advisor, only if, in doing so, it can protect its Proprietary Information and goodwill. SERVICES The Advisor agrees to perform for the Company the services listed in the Scope of Services section in Exhibit A, attached hereto, and executed by both the Company and the Advisor. Such services are hereinafter referred to as \"Services.\" The Company agrees that the Advisor shall have ready access to the Company's staff and resources as necessary to perform the Advisor's Services provided for by this contract. ADVISORY PERIOD Basic Term The Company hereby retains the Advisor and the Advisor agrees to render to the Company those Services described in Exhibit A for the period (the \"Advisory Period\") commencing on the date of this Agreement and ending upon the earlier of (i) [APPLICABLE DATE], (the \"Term Date\"), and (ii) the date the Advisory Period is terminated in accordance with Section 7. The Company shall pay the Advisor the compensation to which it is entitled under Section 5 through to the end of the Advisory Period, and, thereafter, the Company's obligations hereunder shall end. Renewal Subject to Section 7, the Advisory Period will be automatically renewed for an additional [AGREED UPON NUMBER OF MONTHS] month period (without any action by either Party) on the Term Date and on each anniversary thereof, unless one Party gives to the other written notice [NUMBER] days in advance of the beginning of any [AGREED UPON NUMBER OF MONTHS] month renewal period that the Advisory Period is to be terminated, provided, that in no event shall the Advisory Period extend beyond [DEADLINE DATE]. Either Party's right to terminate the Advisory Period, instead of renewing the Agreement, shall be with or without cause. DUTIES AND RESPONSIBILITIES The Advisor hereby agrees to provide and perform for the Company those Services set forth in Exhibit A attached hereto. The Advisor shall devote its best efforts to the performance of the Services and to such other services as may be reasonably requested by the Company, and hereby agrees to devote, unless otherwise requested in writing by the Company, a minimum of at least [AGREED UPON NUMBER OF HOURS] hours of service per week/or assign [AGREED UPON NUMBER OF INDIVIDUALS] individuals to provide Services to the Company. The Advisor shall use its best efforts to furnish competent Agents possessing a sufficient working knowledge of the Company's research, development and products to fulfill the Advisor's obligations hereunder. Any Agent of Advisor who, in the sole opinion of the Company, is unable to adequately perform any Services hereunder shall be replaced by the Advisor within [AGREED UPON NUMBER OF DAYS] days after receipt of notice from the Company of its desire to have such Agent replaced. The Advisor shall use its best efforts to comply with, and to ensure that each of its Agents complies with, all policies and practices regarding the use of facilities at which the Services are to be performed hereunder. The Advisor agrees and shall cause each of its Agents to agree to the Acknowledgement and Inventions Assignment attached hereto as Exhibit B, and the Advisor shall deliver a signed original of such Acknowledgement and Inventions Assignment to the Company prior to such Agent's commencement of the provision of Services for the Company. The Advisor shall obtain for the benefit of the Company, as an intended third-party beneficiary thereof, prior to the performance of any Services hereunder by any of the Agents, the written agreement of the Agent to be bound by terms no less restrictive than the terms of Sections 2, 5, 6, and 7 of this Agreement. Personnel supplied by the Advisor to provide Services to the Company under this Agreement will be deemed the Advisor's employees or Agents and will not for any purpose be considered employees or Agents of the Company. The Advisor assumes full responsibility for the actions of such personnel while performing Services pursuant to this Agreement, and shall be solely responsible for their supervision, daily direction and control, provision of employment benefits (if any) and payment of salary (including all required withholding of taxes). COMPENSATION, BENEFITS AND EXPENSES Compensation. In consideration of the Services to be rendered hereunder, including, without limitation, Services to any Affiliated Company, the Advisor shall be paid [AMOUNT], payable at the time and pursuant to the procedures regularly established, and as they may be amended, by the Company during the course of this Agreement. Benefits. Other than the compensation specified in 5.1 above, neither the Advisor nor its Agents shall be entitled to any direct or indirect compensation for Services performed hereunder. Expenses. The Company shall reimburse the Advisor for reasonable travel and other business expenses incurred by its Agents in the performance of the duties hereunder in accordance with the Company's general policies, as they may be amended from time to time during the course of this Agreement. INVOICING The Company shall pay the amounts agreed to herein upon receipt of invoices which shall be sent by the Advisor, and the Company shall pay the amount of such invoices to the Advisor. TERMINATION OF ADVISORY RELATIONSHIP By the Company or the Advisor. At any time, either the Company or the Advisor may terminate, without liability, the Advisory Period for any reason, with or without cause, by giving [AGREED UPON NUMBER OF DAYS] days' advance written notice to the other Party. If the Advisor terminates its Advisory relationship with the Company pursuant to Sections 2, 3 and 4, the Company shall have the option, in its complete discretion, to terminate the Advisor immediately without the running of any notice period",null,"Advisor Agreement","12",513,"doc","https://templates.business-in-a-box.com/imgs/1000px/advisor-agreement-D13243.png","https://templates.business-in-a-box.com/imgs/250px/13243.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13243.xml",{"title":15,"description":6},"advisor agreement",[17],{"label":18,"url":19},"Consultant & Contractors","/templates/consulting-contractor-business/","Advisor Agreement Template","https://templates.business-in-a-box.com/imgs/400px/13243.png",[23,17],{"label":24,"url":25},"Templates","/templates/",[27,28,31],{"label":24,"url":25},{"label":29,"url":30},"Legal Agreements","/templates/business-legal-agreements/",{"label":32,"url":33},"Equity & Mergers","/templates/equity-and-mergers/",[35,39,43,47,51,55,59,63,67,71,75,79,83,97,113,131,145,158],{"label":36,"url":37,"thumb":38,"extension":10},"Board Advisor Agreement","/template/board-advisor-agreement-D13814","https://templates.business-in-a-box.com/imgs/250px/13814.png",{"label":40,"url":41,"thumb":42,"extension":10},"Senior Advisor Agreement","/template/senior-advisor-agreement-D557","https://templates.business-in-a-box.com/imgs/250px/557.png",{"label":44,"url":45,"thumb":46,"extension":10},"Consulting Agreement Long","/template/consulting-agreement---long-D12543","https://templates.business-in-a-box.com/imgs/250px/12543.png",{"label":48,"url":49,"thumb":50,"extension":10},"Advisory Agreement","/template/advisory-agreement-D13244","https://templates.business-in-a-box.com/imgs/250px/13244.png",{"label":52,"url":53,"thumb":54,"extension":10},"Consulting Contract","/template/consulting-agreement-short-D155","https://templates.business-in-a-box.com/imgs/250px/155.png",{"label":56,"url":57,"thumb":58,"extension":10},"Professional Services Agreement","/template/professional-services-agreement-D13277","https://templates.business-in-a-box.com/imgs/250px/13277.png",{"label":60,"url":61,"thumb":62,"extension":10},"Marketing Consulting Agreement","/template/marketing-consulting-agreement-D14009","https://templates.business-in-a-box.com/imgs/250px/14009.png",{"label":64,"url":65,"thumb":66,"extension":10},"Investment Advisory Agreement","/template/investment-advisory-agreement-D13989","https://templates.business-in-a-box.com/imgs/250px/13989.png",{"label":68,"url":69,"thumb":70,"extension":10},"Retainer Consulting Agreement","/template/retainer-consulting-agreement-D13388","https://templates.business-in-a-box.com/imgs/250px/13388.png",{"label":72,"url":73,"thumb":74,"extension":10},"Time and Materials Consulting Agreement","/template/time-and-materials-consulting-agreement-D175","https://templates.business-in-a-box.com/imgs/250px/175.png",{"label":76,"url":77,"thumb":78,"extension":10},"Website Design Consultation Agreement","/template/website-design-consultation-agreement-D822","https://templates.business-in-a-box.com/imgs/250px/822.png",{"label":80,"url":81,"thumb":82,"extension":10},"Contract Management Consulting Agreement","/template/contract-management-consulting-agreement-D13941","https://templates.business-in-a-box.com/imgs/250px/13941.png",{"description":84,"descriptionCustom":6,"label":85,"pages":86,"size":87,"extension":10,"preview":88,"thumb":89,"svgFrame":90,"seoMetadata":91,"parents":92,"keywords":95,"url":96},"INDEPENDENT CONTRACTOR AGREEMENT This Independent Contractor Agreement (\"Agreement\") is made and effective [Date], BETWEEN: [INDEPENDENT CONTRACTOR NAME] (the \"Independent Contractor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] RECITALS Independent Contractor is engaged in providing [Describe] business services, its Employer Tax I.D. Number is [Insert], and its Business License Number is [insert]. Independent Contractor has complied with all Federal, State, and local laws regarding business permits, sales permits, licenses, reporting requirements, tax withholding requirements, and other legal requirements of any kind that may be required to carry out said business and the Scope of Work which is to be performed as an Independent Contractor pursuant to this Agreement. Independent Contractor is or remains open to conducting similar tasks or activities for clients other than the Company and holds themselves out to the public to be a separate business entity. Company desires to engage and contract for the services of the Independent Contractor to perform certain tasks as set forth below. Independent Contractor desires to enter into this Agreement and perform as an independent contractor for the company and is willing to do so on the terms and conditions set forth below. NOW, THEREFORE, in consideration of the above recitals and the mutual promises and conditions contained in this Agreement, the Parties agree as follows: TERMS This Agreement shall be effective commencing [Date], and shall continue until terminated at the completion of the Scope of Work which shall occur no later than [Date] or by either party as otherwise provided herein. STATUS OF INDEPENDENT CONTRACTOR This Agreement does not constitute a hiring by either party. It is the parties intentions that Independent Contractor shall have an independent contractor status and not be an employee for any purposes, including, but not limited to, [laws]. Independent Contractor shall retain sole and absolute discretion in the manner and means of carrying out their activities and responsibilities under this Agreement. This Agreement shall not be considered or construed to be a partnership or joint venture, and the Company shall not be liable for any obligations incurred by Independent Contractor unless specifically authorized in writing. Independent Contractor shall not act as an agent of the Company, ostensibly or otherwise, nor bind the Company in any manner, unless specifically authorized to do so in writing. TASKS, DUTIES, AND SCOPE OF WORK Independent Contractor agrees to devote as much time, attention, and energy as necessary to complete or achieve the following: [Describe]. The above to be referred to in this Agreement as the \"Scope of Work\". It is expected that the Scope of Work will completed by [Date]. Independent Contractor shall additionally perform any and all tasks and duties associated with the Scope of Work set forth above, including but not limited to, work being performed already or related change orders. Independent Contractor shall not be entitled to engage in any activities which are not expressly set forth by this Agreement. The books and records related to the Scope of Work set forth in this Agreement shall be maintained by the Independent Contractor at the Independent Contractor's principal place of business and open to inspection by Company during regular working hours. Documents to which Company will be entitled to inspect include, but are not limited to, any and all contract documents, change orders/purchase orders and work authorized by Independent Contractor or Company on existing or potential projects related to this Agreement. Independent Contractor shall be responsible to the management and directors of Company, but Independent Contractor will not be required to follow or establish a regular or daily work schedule. Supply all necessary equipment, materials and supplies. Independent Contractor will not rely on the equipment or offices of Company for completion of tasks and duties set forth pursuant to this Agreement. Any advice given Independent Contractors regarding the scope of work shall be considered a suggestion only, not an instruction. Company retains the right to inspect, stop, or alter the work of Independent Contractor to assure its conformity with this Agreement. ASSURANCE OF SERVICES Independent Contractor will assure that the following individuals (the \"Key Employees\") will be available to perform, and will perform, the Services hereunder until they are completed (identify by title and name as applicable): [Name of Key Employee, Title] [Name of Key Employee, Title] The Key Employees may be changed only with the prior written approval of the Company, which approval shall not be unreasonably withheld. COMPENSATION Independent Contractor shall be entitled to compensation for performing those tasks and duties related to the Scope of Work as follows: [Describe] Such compensation shall become due and payable to Independent Contractor in the following time, place, and manner: [Describe] NOTICE CONCERNING WITHHOLDING OF TAXES Independent Contractor recognizes and understands that it will receive a [specify tax] statement and related tax statements, and will be required to file corporate and/or individual tax returns and to pay taxes in accordance with all provisions of applicable Federal and State law. Independent Contractor hereby promises and agrees to indemnify the Company for any damages or expenses, including attorney's fees, and legal expenses, incurred by the Company as a result of independent contractor's failure to make such required payments. AGREEMENT TO WAIVE RIGHTS TO BENEFITS Independent Contractor hereby waives and foregoes the right to receive any benefits given by Company to its regular employees, including, but not limited to, health benefits, vacation and sick leave benefits, profit sharing plans, etc. This waiver is applicable to all non-salary benefits which might otherwise be found to accrue to the Independent Contractor by virtue of their services to Company, and is effective for the entire duration of Independent Contractor's agreement with Company. This waiver is effective independently of Independent Contractor's employment status as adjudged for taxation purposes or for any other purpose. Neither this Agreement, nor any duties or obligations under this Agreement may be assigned by either party without the consent of the other. TERMINATION This Agreement may be terminated prior to the completion or achievement of the Scope of Work by either party giving [number] days written notice. Such termination shall not prejudice any other remedy to which the terminating party may be entitled, either by law, in equity, or under this Agreement. NON-DISCLOSURE OF TRADE SECRETS, CUSTOMER LISTS AND OTHER PROPRIETARY INFORMATION Independent Contractor agrees not to disclose or communicate, in any manner, either during or after Independent Contractor's agreement with Company, information about Company, its operations, clientele, or any other information, that relate to the business of Company including, but not limited to, the names of its customers, its marketing strategies, operations, or any other information of any kind which would be deemed confidential, a trade secret, a customer list, or other form of proprietary information of Company. Independent Contractor acknowledges that the above information is material and confidential and that it affects the profitability of Company. ","Independent Contractor Agreement","6",62,"https://templates.business-in-a-box.com/imgs/1000px/independent-contractor-agreement-D160.png","https://templates.business-in-a-box.com/imgs/250px/160.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#160.xml",{"title":6,"description":6},[93],{"label":18,"url":94},"consulting-contractor-business","independent contractor agreement","/template/independent-contractor-agreement-D160",{"description":98,"descriptionCustom":6,"label":99,"pages":100,"size":9,"extension":10,"preview":101,"thumb":102,"svgFrame":103,"seoMetadata":104,"parents":106,"keywords":105,"url":112},"NON-DISCLOSURE AGREEMENT (NDA) This Non-Disclosure Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Disclosing Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [RECEIVING PARTY NAME] (the \"Receiving Party\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, Receiving Party has been or will be engaged in the performance of work on [DESCRIBE]; and in connection therewith will be given access to certain confidential and proprietary information; and WHEREAS, Receiving Party and Disclosing Party wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, \"Confidential Information\" means proprietary and confidential information about the Disclosing Party's (or it's suppliers') business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as \"confidential\" or \"proprietary.\" Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. TERM The term of this Agreement is [number] of [years/months] from the date of execution by both Parties. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. DISCLAIMER","Non Disclosure Agreement Nda","3","https://templates.business-in-a-box.com/imgs/1000px/non-disclosure-agreement-nda-D12692.png","https://templates.business-in-a-box.com/imgs/250px/12692.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12692.xml",{"title":105,"description":6},"non disclosure agreement nda",[107,109],{"label":29,"url":108},"business-legal-agreements",{"label":110,"url":111},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":114,"descriptionCustom":6,"label":115,"pages":8,"size":116,"extension":10,"preview":117,"thumb":118,"svgFrame":119,"seoMetadata":120,"parents":121,"keywords":129,"url":130},"EMPLOYMENT AGREEMENT FOR AN EXECUTIVE This Employment Agreement for an Executive (the \"Agreement\") is made and effective this [Date], BETWEEN: [EXECUTIVE NAME] (the \"Executive\"), an individual with his main address at: AND: [COMPANY NAME] (the \"Company\"), an entity organized and existing under the laws of the [STATE/PROVINCE], with its head office located at: Recitals In consideration of the covenants and agreements herein contained and the moneys to be paid hereunder, the Company hereby employs the Executive and the Executive hereby agrees to perform services as an Executive of the Company, upon the following terms and conditions: TERM The Company hereby employs Executive to serve as [position] and to serve in such additional or different position or positions as the Company may determine in its sole discretion. The term of employment shall be for a period of [NUMBER] years (\"Employment Period\") to commence on [DATE], unless earlier terminated as set forth herein. The effective date of this Agreement shall be the date first set forth above, and it shall continue in effect until the earlier of: The effective date of any subsequent employment agreement between the Company and the Executive; The effective date of any termination of employment as provided elsewhere herein; or [NUMBER] year(s) from the effective date hereof, provided, that this Employment Agreement shall automatically renew for successive periods of [NUMBER] years each unless either party gives written notice to other that it does not wish to automatically renew this Agreement, which written notice must be received by the other party no less than [NUMBER] days and no more than [NUMBER] days prior to the expiration of the applicable term. Duties and Responsibilities Executive will be reporting to [IDENTIFY]. Within the limitations established by the By-laws of the Company, the Executive shall have each and all of the duties and responsibilities of that position and such other or different duties on behalf of the Company, as may be assigned from time to time by [identify what person or body may assign additional responsibilities]. Location The initial principal location at which Executive shall perform services for the Company shall be [location]. Acceptance of Employment Executive accepts employment with the Company upon the terms set forth above and agrees to devote all Executive's time, energy and ability to the interests of the Company, and to perform Executive's duties in an efficient, trustworthy and business-like manner. Devotion of Time to Employment The Executive shall devote the Executive's best efforts and substantially all of the Executive's working time to performing the duties on behalf of the Company. The Executive shall provide services during the normal business hours of the Company as determined by the Company. Reasonable amounts of time may be allotted to personal or outside business, charitable and professional activities and shall not constitute a violation of this Agreement provided such activities do not materially interfere with the services required to be rendered hereunder. QUALIFICATIONS The Executive shall, as a condition of this Agreement, satisfy all of the qualification that are reasonably and in good faith established by the Board of Directors. Compensation Base Salary Executive shall be paid a base salary (\"Base Salary\") at the annual rate of [salary], payable in bi-weekly installments consistent with Company's payroll practices. The annual Base Salary shall be reviewed on or before [DATE] of each year, unless Executive's employment hereunder shall have been terminated earlier pursuant to this Agreement, starting on [agreed upon date] by the Board of Directors of the Company to determine if such Base Salary should be increased for the following year in recognition of services to the Company. In consideration of the services under this Agreement, Executive shall be paid the aggregate of basic compensation, bonus and benefits as hereinafter set forth. Payment Payment of all compensation to Executive hereunder shall be made in accordance with the relevant Company policies in effect from time to time, including normal payroll practices. Bonus From time to time, the Company may pay to Executive a bonus out of net revenues of the Company. Payment of any bonus compensation shall be at the sole discretion of the Board of Directors or the Executive committee of the Board of Directors and the Executive shall have no entitlement to such amount absent a decision by the Company as aforesaid to make such bonus compensation. Executive shall also be entitled to a bonus determined as follows: [DESCRIBE] Benefits The Company shall provide Executive with such benefits as are provided to other senior management Of the Company. Benefits shall include at a minimum (i) paid vacation of [NUMBER] days per year, at such times as approved by the Board of Directors, (ii) health insurance coverage under the same terms as offered to other Executives of the Company, (iii) retirement and profit sharing programs as offered to other Executives of the Company, (iv) paid holidays as per the Company's policies, and (v) such other benefits and perquisites as are approved by the Board of Directors. The Company has the right to modify conditions of participation, terminate any benefit, or change insurance plans and other providers of such benefits in its sole discretion. The Executive shall be reimbursed for out of pocket expenses that are pre-approved by the Company, subject to the Company's policies and procedures therefore, and only for such items that are a necessary and integral part of the Executive's job functions. NonDeductible Compensation In the event a deduction shall be disallowed by the Internal Revenue Service or a court of competent jurisdiction for federal income tax purposes for all or any part of the payment made to Executive by the Company or any other shareholder or Executive of the Company, shall be required by the Internal Revenue Service to pay a deficiency on account of such disallowance, then Executive shall repay to the Company or such other individual required to make such payment, an amount equal to the tax imposed on the disallowed portion of such payment, plus any and all interest and penalties paid with respect thereto. The Company or other party required to make payment shall not be required to defend any proposed disallowance or other action by the Internal Revenue Service or any other state, federal, or local taxing authorities. Withholding All sums payable to Executive under this Agreement will be reduced by all federal, state, local, and other withholdings and similar taxes and payments required by applicable law. Other Employment Benefits Business Expenses Upon submission of itemized expense statements in the manner specified by the Company, Executive shall be entitled to reimbursement for reasonable travel and other reasonable business expenses duly incurred by Executive in the performance of his duties under this Agreement. Benefit Plans Executive shall be entitled to participate in the Company's medical and dental plans, life and disability insurance plans and retirement plans pursuant to their terms and conditions. Executive shall be entitled to participate in any other benefit plan offered by the Company to its Executives during the term of this Agreement (other than stock option or stock incentive plans, which are governed by Section 3(d) below). Nothing in this Agreement shall preclude the Company or any affiliate of the Company from terminating or amending any Executive benefit plan or program from time to time. Vacation Executive shall be entitled to [agreed upon number of time] weeks of vacation each year of full employment, exclusive of legal holidays, as long as the scheduling of Executive's vacation does not interfere with the Company's normal business operations.","Employment Agreement Executive",97,"https://templates.business-in-a-box.com/imgs/1000px/employment-agreement_executive-D543.png","https://templates.business-in-a-box.com/imgs/250px/543.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#543.xml",{"title":6,"description":6},[122,125,128],{"label":123,"url":124},"Human Resources","human-resources",{"label":126,"url":127},"Hire an Employee","hire-employee",{"label":29,"url":108},"employment agreement executive","/template/employment-agreement-executive-D543",{"description":132,"descriptionCustom":6,"label":133,"pages":134,"size":9,"extension":10,"preview":135,"thumb":136,"svgFrame":137,"seoMetadata":138,"parents":140,"keywords":139,"url":144},"EMPLOYMENT AGREEMENT - AT WILL EMPLOYEE This Employment Agreement for \"At Will\" Employee (the \"Agreement\") is made and effective this [DATE], BETWEEN: [EMPLOYEE NAME] (the \"Employee\"), an individual with his main address at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Corporation\"), an entity organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] RECITALS In consideration of the covenants and agreements herein contained and the moneys to be paid hereunder, the Corporation hereby employs the Employee and the Employee hereby agrees to perform services as an employee of the Corporation, on an \"at will\" basis, upon the following terms and conditions: APPOINTMENT The Employee is hereby employed by the Corporation to render such services and to perform such tasks as may be assigned by the Corporation. The Corporation may, in its sole discretion, increase or reduce the duties, or modify the title and job description, of the Employee from time to time, and any such increase, reduction or modification shall not be deemed a termination of this Agreement. ACCEPTANCE OF EMPLOYMENT Employee accepts employment with the Corporation upon the terms set forth above and agrees to devote all Employee's time, energy and ability to the interests of the Corporation, and to perform Employee's duties in an efficient, trustworthy and business-like manner. DEVOTION OF TIME TO EMPLOYMENT The Employee shall devote the Employee's best efforts and substantially all of the Employee's working time to performing the duties on behalf of the Corporation. The Employee shall provide services during the hours that are scheduled by the Corporation management. The Employee shall be prompt in reporting to work at the assigned time. NO CONFLICT OF INTEREST Employee shall not engage in any other business while employed by the Corporation. Employee shall not engage in any activity that conflicts with the Employees duties to the Corporation. Employee shall not provide any service or lend any aid or assistance to any party that competes with the services offered by the Corporation. Employee shall not provide any services to clients or prospective clients of the Corporation outside of the provision of services for the Corporation, whether such services are provided with or without compensation or remuneration. CORPORATION PROPERTY Employee acknowledges and agrees that while employed by the Corporation the Employee may be provided with use of computer equipment and other property of the Corporation. The use and possession of the such items shall be subject to any policies, requirements or restrictions established by the Corporation. Such items may only be used in performance of the Employee's duties for the corporation. On request of the Corporation, the Employee shall immediately deliver any such items to the Corporation. Upon termination of employment, Employee shall have the affirmative duty to return any such item to the Corporation whether a request is made or not. The obligation to return Corporation property shall extend and include any and all work product, client property, proprietary rights, intangible property, and all other property of the corporation regardless of the form or medium. COMPENSATION The Corporation shall pay the Employee such hourly compensation as determined by the Corporation. Payment shall be at the same time as the Corporations usual payroll to other employees. BONUS & BENEFITS Payment of any bonuses shall be at the complete discretion of the Corporation. No guarantee or representation that any bonuses will be paid has been made to the Employee. Standard benefits that are provided to other non-management employees shall be offered to the Employee, subject to the Corporation's policies and the terms and conditions of such benefits. WITHHOLDING All sums payable to Employee under this Agreement will be reduced by all federal, state, local, and other withholdings and similar taxes and payments required by applicable law. QUALIFICATIONS OF EMPLOYEE The employee shall satisfy all of the qualification that are established by the Corporation. TERM OF AGREEMENT There shall be no guaranteed term of employment. Employer acknowledges and agrees that Employee shall be an \"At Will\" Employee and that Employee's employment may be terminated at any time by the Corporation, with or without cause. FEES FROM EMPLOYEE'S WORK The Corporation shall have exclusive authority to determine the fees, or a procedure for establishing the fees, to be charged to clients by the Corporation for services that are provided by the Employee. All sums paid to the Employee or the Corporation in the way of fees, in cash or in kind, or otherwise for services of the Employee, shall, except as otherwise specifically agreed by the Corporation, be and remain the property of the Corporation and shall be included in the Corporation's name in such checking account or accounts as the Corporation may from time to time designate. CLIENTS AND CLIENT RECORDS The Corporation shall have the authority to determine who will be accepted as clients of the Corporation, and the Employee recognizes that such clients accepted are clients of the Corporation and not the Employee. All client records and files of any type concerning clients of the Corporation shall belong to and remain the property of the Corporation, notwithstanding the subsequent termination of the employment. POLICIES AND PROCEDURES The Corporation shall have the authority to establish from time to time the policies and procedures to be followed by the Employee in performing services for the Corporation. This may include, but is not necessarily limited to, employment policies, computer use policies, Internet access policies, email policies, and all other policies, procedures, directives, and mandates established by the Corporation, whether or not in written form or formally adopted. Employee shall abide by the provisions of any contract entered into by the Corporation under which the Employee provides services. Employee shall comply with the terms and conditions of any and all contracts entered by the Corporation. TERMINATION Employee acknowledges and agrees that Employee is an \"at will\" employee of the Corporation. As such, no term of employment is created hereby and employee may be terminated at any time in the sole discretion of the Corporation, whether there exists any cause for termination or not. CREATIONS AND INVENTIONS Employee acknowledges and agrees that any and all work product of the Employee that is conceived or created during the Employee's employment with the Corporation is the exclusive property of the Corporation. This shall include any and all copyrights, trade secrets, confidential information, patents, trademarks, trade dress, ideas, concepts, plans, business plans, business concepts, techniques, inventions, drawings, artwork, logos, graphics, web pages, databases, software, programs, CGI's, plug ins, applications, brochures, inventions, marketing plans and concepts, and all other ideas and work product of the Employee. The Employee acknowledges and agrees that all creations shall be \"works made for hire\" as defined in the [ACT OR CODE]. Notwithstanding the fact that this material may be considered to be a work made for hire, Employee agrees, during Employee's employment and thereafter, which covenant shall survive any termination of the employment relationship, to execute any and all documents requested by the Corporation to confirm the Corporation's ownership and control of all such material, including but not limited to assignments of copyright, confirmations of work for hire status, waivers of proprietary rights, copyright application, and any other documents requested by Corporation. RESTRICTIVE COVENANTS","Employment Agreement_At Will Employee","7","https://templates.business-in-a-box.com/imgs/1000px/employment-agreement_at-will-employee-D541.png","https://templates.business-in-a-box.com/imgs/250px/541.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#541.xml",{"title":139,"description":6},"employment agreement_at will employee",[141,142,143],{"label":123,"url":124},{"label":126,"url":127},{"label":29,"url":108},"/template/employment-agreement_at-will-employee-D541",{"description":146,"descriptionCustom":6,"label":147,"pages":134,"size":148,"extension":10,"preview":149,"thumb":150,"svgFrame":151,"seoMetadata":152,"parents":153,"keywords":156,"url":157},"JOINT VENTURE AGREEMENT This Joint Venture Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"First Joint Venturer\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [SECOND JOINT VENTURER NAME] (the \"Second Joint Venturer\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] This Agreement is entered by First Joint Venturer and Second Joint Venturer, herein after collectively referred to as the \"Joint Venturers\", for the purpose of performing: [DESCRIBE JOINT VENTURE]. WITNESSETH: WHEREAS, the parties are desirous of forming a Joint Venture (the \"Venture\"), under the laws of the [State/Province] of [STATE/PROVINCE] by execution of this Agreement for the purposes set forth herein and are desirous of fixing and defining between themselves their respective responsibilities, interests, and liabilities in connection with the performance of the before mentioned project; and NOW, THEREFORE, in consideration of the mutual covenants and promises herein contained, the Parties herein agree to constitute themselves as Joint Venturers, henceforth, \"Venturers\" for the purposes before mentioned, and intending to be legally bound hereby, the parties hereto, after first being duly sworn, do covenant, agree and certify as follows: DEFINITIONS \"Affiliate\" shall refer to (i) any person directly or indirectly controlling, controlled by or under common control with another person, (ii) any person owning or controlling 10% or more of the outstanding voting securities of such other person, (iii) any officer, director or other partner of such person and (iv) if such other person is an officer, director, joint Venturer or partner, any business or entity for which such person acts in any such capacity. \"Venturers\" shall refer to [VENTURE NAME] Inc., and any successor(s) as may be designated and admitted to the Venture. \"Internal Revenue Code\", \"Code\" or \"I.R.C.\" shall refer to the current and applicable Internal Revenue Code. \"Net Profits and Net Losses\" means the taxable income and loss of the Venture, except as follows: [DESCRIBE] The \"Book\" value of an asset shall be substituted for its adjusted tax basis if the two differ, but otherwise Net Profits and Net Losses shall be determined in accordance with federal income tax principles. \"Project\" shall refer to that certain [DESCRIBE] project known as [NAME]. \"Treasury Regulations\" shall refer to those regulations promulgated by the Department of the Treasury with respect to certain provision of Internal Revenue Code. \"Percentage of Participation\" shall refer to that figure set forth in Exhibit A. FORMATION, NAME, AND PRINCIPLE PLACE OF BUSINESS Formation (a) The Venturers do hereby form a joint venture pursuant to the laws of the State of [STATE/PROVINCE] in order for the Venture to carry on the purposes for which provision is made herein. (b) The Ventures shall execute such certificates as may be required by the laws of the [State/Province] of [STATE/PROVINCE] or of any other state in order for the Venture to operate its business and shall do all other acts and things requisite for the continuation of the Venture as a joint venture pursuant to applicable law. Name The Name and style under which the Venture shall be conducted is: [DESCRIBE]. Principal place of business The Venture shall maintain its principal place of business at [FULL ADDRESS]. The Venture may re-locate its office from time to time or have additional offices as the Venturers may determine. PURPOSE OF THE JOINT VENTURE The business of the Venture shall be to perform: [DESCRIBE], a project having the Contract # , being entitled, and being in a dollar amount of [AMOUNT], in accordance with the contract documents for the Project and all such other business incidental to the general purposes herein set forth. TERM The term of the Venture shall commence as of the date hereof and shall be terminated and dissolved upon the earliest to occur of: (i) completion of the Project and receipt of all sums due the Venture by the Owner, [OWNER NAME] pursuant thereto and payment of all laborers and material men employed by the Venture in connection with the project; (ii) [DATE]; (iii) the unanimous agreement of the Ventures; or (iv) the order of a court of competent jurisdiction. PERCENTAGE OF PARTICIPATION Description Except as otherwise provided in sections 6.0 and 9.0 hereof, the interest of the Parties in any gross profits and their respective shares in any losses and/or liabilities that may result from the filing of a joint bid and/or the performance of the Construction Contract, and their interests in all property and equipment acquired and all money received in connection with the performance of the Contract shall be as follows: [Name Joint Venture Partner Percentage] Losses The Parties agree that in the event any losses arise out of or results from the performance of the Project, each Venturer shall assume and pay the share of the losses that is equal to the percentage of participation. Liabilities If for any reason, a Venturer sustains any liabilities or is required to pay any losses arising out of or directly connected with the Project, or the execution of any surety bonds or indemnity agreements in connection therewith, which are in excess of its Percentage of Participation, in the Joint Venture, the other Venturer shall promptly reimburse such Venturer this excess, so that each and every member of the Joint Venturer will then have paid its proportionate share of such losses to the full extent of its Percentage of Participation. Indemnities The Venturers agree to indemnify each other and to hold the other harmless from, any and all losses of the Joint Venture that are in excess of such other Venturer's Percentage of Participation. Provided that the provisions of this subsection shall be limited to losses that are directly connected with or arise out of the performance of the Project and/or the execution of any bonds or indemnity agreements in connection therewith and shall not be relate to or include any incidental, indirect or consequential losses that may be sustained or suffered by a Party. Duration The Parties shall from time to time execute such bonds and indemnity agreements, including applications there and other documents that may be necessary in connection with the performance of the Project. Provided however, that the liability of each of the Parties under any agreements to indemnify a surety company or surety companies shall be limited to the percentage of the total liability assumed by all the Parties under such indemnity agreements that is equal to the Party's Percentage of Participation. Initial contribution of the venture (a) The Venturers shall contribute the Property to the Venture and their Capital Account shall each be credited with the appropriate value of such contribution in accordance with their Venture interests. (b) Except as otherwise required by law or this Agreement, the Venturers shall not be required to make any further capital contributions to the Venture. Venture interests Upon execution of this Agreement, the Venturers shall each own the following interests in the Venture: Joint Venture Partner Percentage Return of capital contributions (a) No Venturer shall have the right to withdraw his capital contributions or demand or receive the return of his capital contributions or any part thereof, except as otherwise provided in this Agreement. (b) The Venturers shall not be personally liable for the return of capital contributions or any part thereof, except as otherwise provided in this Agreement. (c) The Venture shall not pay interest on capital contributions of any Venturer.","Joint Venture Agreement",70,"https://templates.business-in-a-box.com/imgs/1000px/joint-venture-agreement-D889.png","https://templates.business-in-a-box.com/imgs/250px/889.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#889.xml",{"title":6,"description":6},[154,155],{"label":29,"url":108},{"label":29,"url":108},"joint venture agreement","/template/joint-venture-agreement-D889",{"description":159,"descriptionCustom":6,"label":160,"pages":161,"size":9,"extension":10,"preview":162,"thumb":163,"svgFrame":164,"seoMetadata":165,"parents":167,"keywords":166,"url":172},"PARTNERSHIP AGREEMENT This Partnership Agreement (\"Agreement\") is made and effective this [Date], BETWEEN: [YOUR COMPANY NAME] (the \"First Partner\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [SECOND PARTNER NAME] (the \"Second Partner\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] RECITALS Partners desire to join together for the pursuit of common business goals. Partners have considered various forms of joint business enterprises for their business activities. Partners desire to enter into a partnership agreement as the most advantageous business form for their mutual purposes. The parties hereto agree to form a limited partnership (the \"Partnership\") under [LAW, CODE OR ACT]. In consideration of the mutual promises contained in this agreement, partners agree as follows: NAME AND DOMICILE The name of the partnership shall be [name]. The principal place of business shall be at [address], [city], [state/province], unless relocated by consent of the partners. Purposes Subject to the limitations set forth in this Agreement, the purposes of the Partnership are to engage in the business of [DESCRIBE ACTIVITIES]; and to conduct other activities as may be necessary or incidental to or desirable in connection with the foregoing. DURATION OF AGREEMENT The term of this agreement shall be for [number] years, commencing on [date], and terminating on [date], unless sooner terminated by mutual consent of the parties or by operation of the provisions of this agreement. CLASSIFICATION AND PERFORMANCE BY PARTNERS Partners shall be classified as active partners, advisory partners, or estate partners. An active partner may voluntarily become an advisory partner, may be required to become one irrespective of age, and shall automatically become one after attaining the age of [age] years, and in each case shall continue as such for [number] years unless the partner sooner withdraws or dies. If an active partner dies, the partner's estate will become an estate partner for [number] years. If an advisory partner dies within [Number] years of having become an advisory partner, the partner will become an estate partner for the balance of the [number]-year period. Only active partners shall have any vote in any partnership matter. At the time of the taking effect of this partnership agreement, all the partners shall be active partners except [name] and [name], who shall be advisory partners. An active partner, after attaining the age of [age] years, or prior to that age if the [executive committee or as the case may be] with the approval of [two-thirds or as the case may be] of all the other active partners determines that the reason for the change in status is bad health, may become an advisory partner at the end of any calendar month on giving [number] calendar months' prior notice in writing of the partner's intention to do so. The notice shall be deemed to be sufficient if sent by registered mail addressed to the partnership at its principal office at [address], [city], [state/province] not less than [number] calendar months prior to the date when the change is to become effective. Any active partner may at any age be required to become an advisory partner at any time if the [executive committee or as the case may be] with the approval of [two-thirds or as the case may be] of the other active partners shall decide that the change is for any reason in the best interests of the partnership, provided notice of the decision shall be given in writing to the partner. The notice shall be signed by the [chairman or as the case may be] of the [executive committee or as the case may be] or, in the event of his or her being unable to sign at the time, by another member of the [executive committee or as the case may be]. The notice shall be served personally on the partner required to change his or her status or mailed by registered mail to the partner's last known address. Change of the partner's status shall become effective as of the date specified in the notice. Every active partner shall automatically and without further act become an advisory partner at the end of the fiscal year in which the partner's birthday occurs. In the event that an active partner becomes an advisory partner or dies, the partner or the partner's estate shall be entitled to the following payments at the following times: [describe] Each active partner shall apply all of the partner's experience, training, and ability in discharging the partner's assigned functions in the partnership and in the performance of all work that may be necessary or advantageous to further the business interests of the partnership. CONTRIBUTION Each partner shall contribute [amount] on or before [date] to be used by the partnership to establish its capital position. Any additional contribution required of partners shall only be determined and established in accordance with Article Nineteen. MANAGEMENT OF THE PARTNERSHIP The Partnership shall be managed by [SPECIFY]. Subject to the limitations specifically contained in this Agreement, [PARTY MANAGING THE PARTNERSHIP] shall have the full, exclusive and absolute right, power and authority to manage and control the Partnership and the property, assets and business thereof. [PARTY MANAGING THE PARTNERSHIP] shall have all of the rights, powers and authority conferred by law or under other provisions of this Agreement. Without limiting the generality of the foregoing, such powers include the right on behalf of the Partnership, in [PARTY MANAGING THE PARTNERSHIP]' sole discretion, to: Acquire, purchase, renovate, improve, and own any property or assets necessary or appropriate or in the best interests of the business of the Partnership, and to acquire options for the purchase of any such property; Borrow money, issue evidences of indebtedness in connection therewith, refinance, increase the amount of, modify, amend or change the terms of, or extend the time for the payment of, any indebtedness or obligation of the Partnership, and secure such indebtedness by mortgage, deed of trust, pledge or other lien on Partnership assets; Sue on, defend or compromise any and all claims or liabilities in favor of or against the Partnership and to submit any or all such claims or liabilities to arbitration; File applications, communicate and otherwise deal with any and all governmental agencies having jurisdiction over, or in any way affecting, the Partnership's assets or any part thereof or any other aspect of the Partnership business; Retain services of any kind or nature in connection with the Partnership business, and to pay therefore such remuneration deem reasonable and proper; and Perform any and all other acts deem necessary or appropriate to the Partnership business. TRANSFER OF PARNERSHIP INTERESTS Restrictions on Transfer None of the Partners shall sell, assign, transfer, mortgage, encumber, or otherwise dispose of the whole or part of that Partner's interest in the Partnership, and no purchaser or other transferee shall have any rights in the Partnership as an assignee or otherwise with respect to all or any part of that Partnership interest attempted to be sold, assigned, transferred, mortgaged, encumbered, or otherwise disposed of, unless and to the extent that the remaining Partner(s) have given consent to such sale, assignment, transfer, mortgage, or encumbrance, but only if the transferee forthwith assumes and agrees to be bound by the provisions of this Agreement and to become a Partner for all purposes hereof, in which event, such transferee shall become a substituted partner under this Agreement.","Partnership Agreement","8","https://templates.business-in-a-box.com/imgs/1000px/partnership-agreement-D12551.png","https://templates.business-in-a-box.com/imgs/250px/12551.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12551.xml",{"title":166,"description":6},"partnership agreement",[168,169],{"label":29,"url":108},{"label":170,"url":171},"Partnership Agreements","partnership-agreement","/template/partnership-agreement-D12551",false,{"seo":175,"reviewer":185,"legal_disclaimer":189,"quick_facts":190,"at_a_glance":192,"personas":196,"variants":221,"glossary":249,"clauses":283,"how_to_fill":332,"common_mistakes":368,"faqs":393,"industries":421,"comparisons":438,"diy_vs_lawyer":450,"jurisdictions":463,"related_template_ids_curated":484,"schema":492,"classification":493},{"meta_title":176,"meta_description":177,"primary_keyword":178,"secondary_keywords":179},"Advisor Agreement Template | Free Word Download","Free advisor agreement template covering equity, compensation, duties, confidentiality, and IP. Download in Word, edit online, or export as PDF.","advisor agreement template",[180,181,182,183,184],"advisor agreement template word","startup advisor agreement","business advisor contract template","advisor agreement template free","equity advisor agreement",{"name":186,"credential":187,"reviewed_date":188},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":191,"legal_review_recommended":189,"signature_required":189,"notarization_required":173},"medium",{"what_it_is":193,"when_you_need_it":194,"whats_inside":195},"An Advisor Agreement is a legally binding contract between a company and an individual advisor who provides strategic guidance, introductions, or domain expertise in exchange for compensation — most often equity, a cash retainer, or both. This free Word download gives you a structured, attorney-reviewed starting point you can edit online and export as PDF to execute with advisors before any work or equity vesting begins.\n","Use it whenever you bring on an outside advisor — whether a domain expert, former executive, investor, or industry connector — who will receive equity or compensation and have access to confidential information. Execute it before the advisor's first engagement and before any vesting clock starts.\n","Advisor role and time commitment, compensation and equity vesting schedule, confidentiality and IP assignment obligations, non-solicitation restrictions, term and termination conditions, and governing law. The agreement is designed to protect the company's IP and cap table while clearly defining what the advisor is expected to deliver.\n",[197,201,205,209,213,217],{"title":198,"use_case":199,"icon_asset_id":200},"Startup founders","Onboarding domain experts and former operators onto an advisory board with equity","persona-startup-founder",{"title":202,"use_case":203,"icon_asset_id":204},"Growth-stage CEOs","Formalizing relationships with industry connectors who receive monthly retainers","persona-ceo",{"title":206,"use_case":207,"icon_asset_id":208},"Product managers","Engaging a technical advisor for ongoing product architecture guidance","persona-product-manager",{"title":210,"use_case":211,"icon_asset_id":212},"Corporate development teams","Structuring advisory relationships with M&A or partnership experts","persona-operations-director",{"title":214,"use_case":215,"icon_asset_id":216},"Investors and VCs","Placing portfolio-company advisors with defined scope and IP protection","persona-investor",{"title":218,"use_case":219,"icon_asset_id":220},"Nonprofit executives","Engaging pro-bono or compensated advisors on governance and fundraising strategy","persona-nonprofit-exec",[222,226,230,234,237,241,245],{"situation":223,"recommended_template":224,"slug":225},"Advisor receives only equity with no cash retainer","Equity-Only Advisor Agreement","advisor-agreement-D13243",{"situation":227,"recommended_template":228,"slug":229},"Advisor is a formal member of a structured advisory board","Advisory Board Agreement","advisory-board-agreement-D13898",{"situation":231,"recommended_template":232,"slug":233},"Advisor relationship is one-time or project-scoped","Consulting Agreement","consulting-agreement---long-D12543",{"situation":235,"recommended_template":85,"slug":236},"Advisor is also providing services as an independent contractor","independent-contractor-agreement-D160",{"situation":238,"recommended_template":239,"slug":240},"Advisor is a C-suite executive brought in on an interim basis","Executive Employment Agreement","employment-agreement-executive-D543",{"situation":242,"recommended_template":243,"slug":244},"Advisor will receive a formal board seat with governance rights","Board Member Agreement","llc-member-withrawal-agreement-D13273",{"situation":246,"recommended_template":247,"slug":248},"Advisor relationship requires a standalone NDA before discussions begin","Non-Disclosure Agreement","non-disclosure-agreement-nda-D12692",[250,253,256,259,262,265,268,271,274,277,280],{"term":251,"definition":252},"Advisor Shares","Equity granted to an advisor, typically common stock or options, as compensation for ongoing strategic guidance.",{"term":254,"definition":255},"Vesting Schedule","The timeline over which an advisor earns their equity — often monthly over 1–2 years with or without a cliff.",{"term":257,"definition":258},"Cliff","A minimum period the advisor must serve before any equity vests — commonly 3 or 6 months in advisor agreements.",{"term":260,"definition":261},"Acceleration","A provision that causes unvested equity to vest immediately upon a defined trigger, such as an acquisition or change of control.",{"term":263,"definition":264},"IP Assignment","A clause transferring ownership of any work product, advice-derived deliverables, or inventions created for the company to the company.",{"term":266,"definition":267},"Non-Solicitation","A restriction preventing the advisor from recruiting the company's employees or customers during and after the advisory relationship.",{"term":269,"definition":270},"Confidential Information","Non-public company data — financials, product roadmaps, customer lists, trade secrets — that the advisor is prohibited from disclosing or using outside the relationship.",{"term":272,"definition":273},"Independent Contractor Status","A classification confirming the advisor is not an employee, which determines tax withholding obligations and benefit eligibility.",{"term":275,"definition":276},"Term","The defined duration of the advisor agreement — typically 12 to 24 months — after which it expires or renews by mutual written agreement.",{"term":278,"definition":279},"Cause (for Termination)","Specific documented grounds — such as breach of confidentiality, fraud, or material non-performance — that justify immediate termination without the notice period.",{"term":281,"definition":282},"SAFE Agreement","Simple Agreement for Future Equity — a financing instrument sometimes referenced in advisor agreements when equity is deferred to a future funding round.",[284,289,294,299,304,309,314,318,322,327],{"name":285,"plain_english":286,"sample_language":287,"common_mistake":288},"Parties, Role, and Appointment","Identifies the company and advisor as legal entities, describes the advisory role, and records the effective date of the relationship.","This Advisor Agreement is entered into as of [DATE] between [COMPANY LEGAL NAME], a [STATE] [ENTITY TYPE] ('Company'), and [ADVISOR FULL NAME] ('Advisor'). Company hereby appoints Advisor to serve in an advisory capacity in connection with [AREA OF EXPERTISE].","Using the founder's personal name instead of the registered company entity. If the entity name doesn't match cap-table records, equity grants made under the agreement may be difficult to enforce.",{"name":290,"plain_english":291,"sample_language":292,"common_mistake":293},"Scope of Services and Time Commitment","Defines what the advisor is expected to do — calls, introductions, reviews, attendance at board meetings — and the minimum time commitment per month.","Advisor shall provide advisory services including [SPECIFIC SERVICES], available for up to [X] hours per month. Services may include participation in [MONTHLY / QUARTERLY] strategy calls, customer introductions, and written feedback on [DELIVERABLES].","Leaving scope entirely open-ended. An advisor with no defined deliverables or time commitment rarely provides consistent value, and the company has no basis to terminate for non-performance.",{"name":295,"plain_english":296,"sample_language":297,"common_mistake":298},"Compensation and Equity Grant","States whether the advisor receives cash, equity, or both — including the number of shares or option grant, exercise price, and any retainer amount and payment schedule.","As full compensation, Company shall grant Advisor an option to purchase [X] shares of Common Stock at an exercise price of $[AMOUNT] per share, subject to the vesting schedule in Section [X]. [Cash retainer of $[AMOUNT] per month, payable on the [DAY] of each month, if applicable.]","Granting equity without a formal board resolution or option agreement. An advisor agreement alone does not create a valid equity grant — it must be paired with a board-approved option agreement or stock grant under the company's equity plan.",{"name":300,"plain_english":301,"sample_language":302,"common_mistake":303},"Vesting Schedule and Cliff","Defines when the advisor's equity vests, the cliff period before any equity is earned, and what happens to unvested shares on early termination.","The equity shall vest monthly over [24] months, with a [3]-month cliff. No shares shall vest prior to the cliff date. Upon termination for any reason, unvested shares shall be forfeited and returned to the Company's equity pool.","Omitting a cliff entirely for short-duration advisor relationships. Without a cliff, an advisor who exits after 30 days walks away with a month's worth of equity having provided minimal value.",{"name":305,"plain_english":306,"sample_language":307,"common_mistake":308},"Confidentiality","Prohibits the advisor from disclosing or using the company's confidential information during and after the advisory term, and defines what counts as confidential.","'Confidential Information' means any non-public information disclosed by Company to Advisor relating to Company's business, technology, customers, or finances. Advisor shall not disclose or use Confidential Information without prior written consent of Company during the term and for [3] years thereafter.","Failing to carve out information that is already publicly available or that the advisor knew independently. Overly broad definitions are challenged in court and can void the clause entirely.",{"name":310,"plain_english":311,"sample_language":312,"common_mistake":313},"Intellectual Property Assignment","Assigns to the company all work product, analyses, introductions-related materials, and any inventions created by the advisor in the course of the advisory relationship.","Advisor agrees that all work product and deliverables created by Advisor in the course of the advisory relationship are the sole property of Company and are hereby irrevocably assigned to Company. Advisor waives any moral rights in such materials to the fullest extent permitted by law.","Omitting the IP assignment entirely on the assumption that advisors only give advice. If an advisor writes code, creates a pitch deck, or drafts customer collateral, ownership is ambiguous without an explicit assignment clause.",{"name":266,"plain_english":315,"sample_language":316,"common_mistake":317},"Restricts the advisor from recruiting the company's employees or soliciting its customers during the term and for a defined period afterward.","During the term and for [12] months thereafter, Advisor shall not directly or indirectly solicit or recruit any employee or contractor of Company, or solicit any customer or prospective customer of Company with whom Advisor had contact during the advisory relationship.","Setting the non-solicitation period to match a full non-compete. Courts in many jurisdictions readily enforce reasonable non-solicitation terms but are more skeptical of advisor non-competes — conflating the two increases the risk the entire restrictive covenant is struck down.",{"name":272,"plain_english":319,"sample_language":320,"common_mistake":321},"Confirms the advisor is not an employee — no tax withholding, no benefits, and no authority to bind the company — and allocates responsibility for the advisor's own taxes.","Advisor is an independent contractor and not an employee, partner, or agent of Company. Advisor is solely responsible for all taxes, withholdings, and contributions arising from compensation received under this Agreement. Advisor has no authority to bind Company to any obligation.","Treating the advisor as an employee in practice — giving them a company email, requiring set hours, and directing their day-to-day work — while classifying them as a contractor. Tax authorities apply a substance-over-form test; behavioral control can trigger reclassification regardless of what the contract says.",{"name":323,"plain_english":324,"sample_language":325,"common_mistake":326},"Term and Termination","Sets the agreement's duration, the notice period required for termination by either party, and the conditions under which either party may terminate immediately for cause.","This Agreement commences on [DATE] and continues for [12] months unless earlier terminated. Either party may terminate with [30] days' written notice. Company may terminate immediately for Cause, defined as [MATERIAL BREACH / FRAUD / CONVICTION OF A FELONY].","No termination for convenience clause. If the advisor becomes inactive or the relationship sours, the company needs a clean exit path — relying only on a cause-based termination makes removal difficult and adversarial.",{"name":328,"plain_english":329,"sample_language":330,"common_mistake":331},"Governing Law and Dispute Resolution","Specifies which jurisdiction's law governs the agreement and the mechanism for resolving disputes — typically arbitration or the courts of a named jurisdiction.","This Agreement shall be governed by the laws of [STATE / PROVINCE / COUNTRY], without regard to conflict-of-law principles. Any dispute shall be resolved by binding arbitration in [CITY] under the rules of [AAA / JAMS], except that either party may seek injunctive relief in any court of competent jurisdiction.","Choosing a governing law different from where the company is incorporated and where most disputes would realistically arise. Advisors and founders rarely litigate across jurisdictions — a mismatched governing law creates procedural friction without strategic benefit.",[333,338,343,348,353,358,363],{"step":334,"title":335,"description":336,"tip":337},1,"Identify the parties and confirm entity names","Enter the company's full registered legal name — not a trade name or DBA — and the advisor's legal name as it appears on government ID. Include the state or province of incorporation and the advisor's address.","Cross-check the company name against your corporate registry filing before execution. A mismatch between the agreement and cap-table records complicates equity grants.",{"step":339,"title":340,"description":341,"tip":342},2,"Define the advisory scope and time commitment","List two to four specific services the advisor will provide — strategy calls, customer introductions, investor referrals, product reviews — and the minimum hours per month. Specificity here gives you a basis to evaluate performance and, if necessary, terminate for non-performance.","Monthly advisory calls of 1–2 hours plus email availability is the most common structure for equity-compensated advisors. Anything requiring more than 5 hours a month should be structured as a consulting agreement instead.",{"step":344,"title":345,"description":346,"tip":347},3,"Set the equity grant amount and type","Enter the number of shares or options, the instrument type (stock options are most common for startups), the exercise price, and a reference to the governing equity plan. Confirm with your board or cap-table administrator before entering any figures.","FAST Agreement benchmarks (Founder Institute) suggest 0.1–1.0% equity for advisors depending on company stage and advisor contribution level. Early-stage ideation advisors typically receive 0.25%; expert advisors at product/market fit stage typically receive 0.1%.",{"step":349,"title":350,"description":351,"tip":352},4,"Choose the vesting schedule and cliff","Select a vesting period (12 or 24 months is standard) and a cliff (3 months is typical). Confirm that unvested shares are forfeited on termination and returned to the equity pool.","A 24-month monthly vest with a 3-month cliff is the most widely adopted structure for startup advisor agreements and is least likely to generate disputes on exit.",{"step":354,"title":355,"description":356,"tip":357},5,"Complete the confidentiality and IP assignment sections","Define confidential information with enough specificity to be enforceable — include financials, product roadmaps, customer data, and trade secrets. Add the IP assignment language covering all deliverables created during the relationship.","Add a carve-out for information that is publicly available or that the advisor demonstrably knew before engagement — it makes the confidentiality clause more defensible, not weaker.",{"step":359,"title":360,"description":361,"tip":362},6,"Set term, notice period, and termination triggers","Enter the agreement start date, total duration (typically 12 months), and the notice period for termination without cause (30 days is standard). Define at least three cause triggers: material breach, fraud, and conviction of a felony.","Include an automatic renewal clause — 'unless either party provides 30 days' written notice of non-renewal' — so you don't lose continuity with high-performing advisors who forget to renew.",{"step":364,"title":365,"description":366,"tip":367},7,"Select governing law and execute before first engagement","Choose the jurisdiction where the company is incorporated as governing law unless the advisor is in a jurisdiction with materially different IP or non-solicitation rules. Both parties must sign before any advisory work begins or any vesting clock starts.","Use a timestamped e-signature platform so you have an auditable record of execution date — this is critical if an advisor's equity or IP ownership is ever disputed.",[369,373,377,381,385,389],{"mistake":370,"why_it_matters":371,"fix":372},"Starting the vesting clock before the agreement is signed","If equity is vesting before a written agreement is executed, the advisor may claim entitlement to shares under oral representations or implied terms, and the company loses the protective clauses in the written contract.","Execute the agreement before any advisory work begins and confirm that the vesting start date in the contract matches the execution date.",{"mistake":374,"why_it_matters":375,"fix":376},"Granting equity without a supporting board resolution","An advisor agreement alone does not create a valid equity grant in most jurisdictions — the board must formally approve any issuance under the company's equity plan, and the cap table must be updated before the grant is effective.","Pass a board resolution authorizing the specific equity grant at or before execution, and issue a corresponding option agreement or restricted stock grant referencing the resolution.",{"mistake":378,"why_it_matters":379,"fix":380},"No defined scope or deliverables for the advisor","Without a defined scope, the company cannot assess whether the advisor is performing, cannot terminate for non-performance, and may end up vesting equity to someone who has contributed nothing after the first meeting.","Include at least two to three specific, measurable activities — monthly calls, customer introductions per quarter, written product reviews — so performance can be objectively evaluated.",{"mistake":382,"why_it_matters":383,"fix":384},"Omitting the IP assignment clause","If an advisor drafts pitch materials, writes code, or creates any deliverable without an IP assignment clause, ownership of those materials may be contested — particularly if the advisor later starts a competing company.","Include an explicit IP assignment covering all work product and deliverables created in connection with the advisory role, regardless of where or on what equipment the work was performed.",{"mistake":386,"why_it_matters":387,"fix":388},"Using a non-compete instead of a non-solicitation","Post-engagement non-competes for advisors are difficult to enforce in most jurisdictions and are banned outright in California and several other states — a poorly drafted clause can be struck down entirely, leaving the company with no restrictive covenant at all.","Use a targeted non-solicitation covering the company's employees and customers rather than a broad competitive activity restriction. Non-solicitation clauses are consistently more enforceable than non-competes for advisor relationships.",{"mistake":390,"why_it_matters":391,"fix":392},"Treating the advisor as an employee in practice","If the company assigns set hours, gives the advisor a company email, or exercises day-to-day direction over the advisor's work, tax authorities may reclassify the relationship as employment, triggering back payroll taxes, penalties, and benefit obligations.","Keep the advisor relationship genuinely arm's-length — flexible scheduling, no required office presence, and outcome-based engagement — and ensure the independent contractor classification clause is accurate on its face.",[394,397,400,403,406,409,412,415,418],{"question":395,"answer":396},"What is an advisor agreement?","An advisor agreement is a legally binding contract between a company and an outside advisor who provides strategic guidance, introductions, or domain expertise in exchange for compensation — most commonly equity, a cash retainer, or both. It defines the advisor's scope, time commitment, equity vesting schedule, confidentiality obligations, and termination conditions. It also protects the company's IP and cap table by ensuring any work product created by the advisor is formally assigned to the company.\n",{"question":398,"answer":399},"What is the difference between an advisor agreement and a consulting agreement?","A consulting agreement typically covers a defined project, deliverable, or hourly engagement with cash compensation. An advisor agreement covers an ongoing strategic relationship — usually 12 to 24 months — where the primary compensation is equity with optional cash. Advisors generally provide guidance, introductions, and access to their network rather than direct execution. If the relationship involves project-specific deliverables billed by the hour, a consulting agreement is more appropriate.\n",{"question":401,"answer":402},"How much equity should an advisor receive?","Standard advisor equity ranges from 0.1% to 1.0%, depending on the company's stage and the advisor's contribution level. The Founder Institute's FAST Agreement benchmarks 0.25% for early-stage advisors at the idea stage and 0.1% for expert advisors at the product/market fit stage. Advisors who provide introductions to lead investors or anchor customers sometimes negotiate up to 0.5–1.0%. All equity should vest over 12–24 months with a cliff to ensure continued engagement.\n",{"question":404,"answer":405},"Does an advisor agreement need to be signed before work begins?","Yes — and this is the single most common mistake companies make. If an advisor begins providing guidance before the agreement is executed, the company may have no enforceable confidentiality, IP assignment, or vesting-cliff protection. Execute the agreement before the first advisory call and confirm that the vesting start date aligns with the execution date.\n",{"question":407,"answer":408},"Can an advisor agreement include a non-compete clause?","Non-competes for advisors are generally difficult to enforce and are banned outright in California, Minnesota, and several other US states. Even in permissive jurisdictions, courts apply a reasonableness standard that most advisor non-competes fail given the limited scope of the relationship. A targeted non-solicitation clause covering the company's employees and customers is a more defensible alternative and is typically sufficient to protect the company's interests.\n",{"question":410,"answer":411},"What vesting schedule is standard for advisor agreements?","Monthly vesting over 24 months with a 3-month cliff is the most widely adopted structure for startup advisor agreements. Some companies use a 12-month vest for shorter engagements. The cliff ensures the advisor provides real value before any equity is earned, and monthly vesting aligns incentives over the full relationship. All unvested shares should be forfeited and returned to the equity pool on termination.\n",{"question":413,"answer":414},"Is an advisor agreement legally required?","No law requires a written advisor agreement, but operating without one creates significant exposure. Without a written agreement, the company has no enforceable confidentiality or IP assignment, no defined vesting schedule or cliff, and no clean termination mechanism. Oral advisor arrangements frequently result in disputes over equity entitlement, ownership of deliverables, and non-solicitation obligations. A signed agreement eliminates all of these risks for the cost of 30 minutes.\n",{"question":416,"answer":417},"Who needs to sign an advisor agreement?","Both the advisor and an authorized representative of the company — typically the CEO or a co-founder with signing authority — must sign. If the equity grant is material, the agreement should also be paired with a board resolution approving the grant. Some companies require the advisor to sign a separate option agreement under the company's equity plan in addition to the advisor agreement itself.\n",{"question":419,"answer":420},"What happens to advisor equity when the company is acquired?","The outcome depends on whether the advisor agreement includes an acceleration clause. Without one, unvested shares are typically cancelled at closing unless the acquirer agrees to assume or substitute them. With single-trigger acceleration, all unvested shares vest immediately upon the acquisition. With double-trigger acceleration, vesting requires both the acquisition and a subsequent termination of the advisory relationship. Single-trigger is more common in advisor agreements than in employee equity arrangements.\n",[422,426,430,434],{"industry":423,"icon_asset_id":424,"specifics":425},"Technology / SaaS","industry-saas","Technical advisors commonly receive options rather than restricted stock; IP assignment is critical given advisors may work on product architecture, algorithms, or proprietary data systems.",{"industry":427,"icon_asset_id":428,"specifics":429},"Life Sciences and Healthcare","industry-healthtech","Clinical and regulatory advisors often have conflicts of interest with multiple portfolio companies — the agreement should include a conflicts-of-interest disclosure and waiver section specific to FDA or clinical relationships.",{"industry":431,"icon_asset_id":432,"specifics":433},"Financial Services and Fintech","industry-fintech","Advisor relationships in regulated financial services may trigger broker-dealer or investment adviser registration requirements if the advisor receives transaction-based compensation — legal review is particularly important before execution.",{"industry":435,"icon_asset_id":436,"specifics":437},"Professional Services","industry-professional-services","Advisors to law firms, consulting practices, or accounting firms must navigate professional responsibility rules — the agreement should confirm the advisor is not providing regulated professional services under the company's name.",[439,442,444,446],{"vs":232,"vs_template_id":440,"summary":441},"consulting-agreement-D144","A consulting agreement covers a defined project or deliverable with cash compensation and a specific end date. An advisor agreement governs an ongoing strategic relationship where equity is the primary compensation. Use a consulting agreement when you need specific deliverables completed; use an advisor agreement when you want access to someone's network and ongoing judgment over a 12–24 month horizon.",{"vs":85,"vs_template_id":236,"summary":443},"An independent contractor agreement structures a work-for-hire relationship where the contractor executes tasks under the company's direction in exchange for cash. An advisor agreement structures a guidance relationship where the advisor provides strategic input in exchange for equity. Advisors are not directed day-to-day; contractors typically are. The distinction matters for both tax classification and the enforceability of IP assignment.",{"vs":247,"vs_template_id":248,"summary":445},"An NDA covers only confidentiality and is appropriate for early-stage conversations before a formal relationship is established. An advisor agreement contains confidentiality as one of several clauses alongside equity, scope, IP assignment, and termination. Once an advisor relationship is formalized, the NDA is superseded by the advisor agreement's confidentiality provisions.",{"vs":447,"vs_template_id":448,"summary":449},"Employment Contract","employment-agreement_at-will-employee-D541","An employment contract creates an employer-employee relationship with tax withholding, benefits, and ongoing direction over the employee's work. An advisor agreement creates an independent contractor relationship with no benefits, no withholding, and no day-to-day direction. Misclassifying an advisor as an independent contractor when the substance of the relationship is employment triggers back taxes, penalties, and potential benefit liability.",{"use_template":451,"template_plus_review":455,"custom_drafted":459},{"best_for":452,"cost":453,"time":454},"Standard equity advisor relationships at pre-seed or seed stage with straightforward scope and no regulatory complexity","Free","20–30 minutes",{"best_for":456,"cost":457,"time":458},"Advisor grants above 0.5%, advisors in regulated industries, or cross-border arrangements where IP or non-solicitation enforceability varies","$300–$700","2–5 days",{"best_for":460,"cost":461,"time":462},"Senior advisors with significant equity stakes, transaction-based compensation, advisory board governance structures, or advisors with pre-existing IP that may overlap with the company's","$1,500–$4,000+","1–2 weeks",[464,469,474,479],{"code":465,"name":466,"flag_asset_id":467,"note":468},"us","United States","flag-us","Advisor agreements are governed primarily by state contract law. California voids most non-compete clauses for advisors and restricts IP assignment for inventions developed entirely on the advisor's own time with no company resources (Labor Code §2870). Delaware is the most common governing law choice for incorporated startups. The IRS applies a behavioral-control test to determine whether advisors should be classified as employees regardless of contract language.",{"code":470,"name":471,"flag_asset_id":472,"note":473},"ca","Canada","flag-ca","Canadian advisor agreements must navigate provincial employment standards legislation — if the relationship has characteristics of employment, provincial ESA minimums apply regardless of the contract's independent contractor classification. Quebec advisors require agreements in French for provincially-regulated companies. IP assignment clauses are generally enforceable but must be explicit; Canadian courts do not imply assignment from the employment or advisory relationship alone.",{"code":475,"name":476,"flag_asset_id":477,"note":478},"uk","United Kingdom","flag-uk","UK advisor agreements should confirm IR35 compliance — if HMRC determines the advisor is a disguised employee, the company becomes liable for income tax and National Insurance contributions. Post-engagement non-solicitation clauses are enforceable if limited to 12 months and directly tied to the advisor's actual relationships with the company. Equity grants to UK advisors may trigger EMI option scheme considerations for favorable tax treatment.",{"code":480,"name":481,"flag_asset_id":482,"note":483},"eu","European Union","flag-eu","GDPR applies if the advisor accesses personal data about the company's customers or employees — the agreement should include a data processing addendum or confirm the advisor is acting as a processor rather than a controller. Post-engagement non-solicitation enforceability varies significantly by member state; Germany and France require careful drafting to avoid voiding restrictive covenants. Equity grants to advisors in some EU jurisdictions may have specific tax reporting requirements at the individual level.",[233,236,248,240,448,485,486,487,488,489,490,491],"joint-venture-agreement-D889","partnership-agreement-D12551","letter-of-intent_acquisition-of-business-D5197","term-sheet-D473","shareholders-agreement-D1016","board-resolution-D78","general-non-compete-agreement-D882",{"emit_how_to":189,"emit_defined_term":189},{"primary_folder":108,"secondary_folder":494,"document_type":495,"industry":496,"business_stage":497,"tags":498,"confidence":502},"equity-and-mergers","agreement","general","startup",[499,497,500,501],"equity","contract","advisor-agreement",0.85,"\u003Ch2>What is an Advisor Agreement?\u003C/h2>\n\u003Cp>An \u003Cstrong>Advisor Agreement\u003C/strong> is a legally binding contract between a company and an outside advisor who provides strategic guidance, domain expertise, or industry introductions in exchange for compensation — most commonly equity, a monthly cash retainer, or a combination of both. It formally defines the scope of the advisory relationship, the advisor's time commitment, the equity vesting schedule and cliff, confidentiality obligations, IP assignment, non-solicitation restrictions, and the conditions under which either party may end the relationship. Unlike a casual handshake arrangement, a signed advisor agreement creates enforceable obligations on both sides and gives the company concrete protection over its cap table, trade secrets, and intellectual property from the moment the relationship begins.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Operating without a written advisor agreement exposes your company on four fronts simultaneously. First, any work product or materials created by the advisor — pitch decks, product briefs, technical specifications — may not legally belong to the company without an explicit IP assignment clause. Second, an advisor who receives equity without a vesting schedule and cliff can walk away after a single meeting with shares permanently on your cap table. Third, without a confidentiality clause, the advisor has no contractual obligation to protect your trade secrets, customer lists, or financial projections. Fourth, if the advisor later recruits your key employees or approaches your best customers, you have no enforceable remedy without a non-solicitation provision in place. Executing a clear, well-structured advisor agreement before the first call closes all four gaps — and signals to serious advisors that you run a professional operation worth their time.\u003C/p>\n",1779480642583]