Advisory Board Member Agreement

What is an advisory board member agreement and do you need one?

An advisory board member agreement is an agreement made between your company and the advisor you wish to engage for your business.

You should have an advisory board member agreement if:

• You wish to appoint an advisor to seat in your advisory board;
• You wish to offer either financial compensation or equity in exchange for advice for your advisor.

Other names for advisory board member agreement:

• Advisor agreement;
• Advisor contract.

What does the advisory board member agreement cover?

• Details of advisor;
• Services to be provided;
• Term and commencement date;
• Minimum hours of service;
• Advisor fee and/ or advisor equity and/ or vesting arrangements;
• Independence of advisor, expenses, tax and responsibilities of advisor;
• Intellectual property;
• Confidentiality;
• Assignment;
• Termination;
• Governing law of the advisory board member agreement.

If you want to learn more about advisory board member agreement, customizing legal documents, establishing your company, Plato’s electronic signature service - or if you’d like a fixed fee quote from Indonesia’s best pre-vetted lawyers, for your specific budget and legal needs - contact the Plato team today at +62 21 2988 7964!