Copy Prompt
Imagine you are a legal expert with experience in drafting advisor agreements. Your client needs a contract that outlines the terms and conditions of their engagement with a business advisor.
Client Details:
Company Name: [Company Name]
Industry: [Industry]
Advisor Name: [Advisor Name]
Services: [Describe the specific advisory services to be provided]
Advisory Period: [Duration of the advisory relationship, e.g., weeks, months, or years]
Advisor Agreement Requirements:
Scope of Services: [Clearly define the advisor's responsibilities, tasks, and deliverables]
Compensation: [Specify the advisor's compensation, such as cash, equity, or a combination of both, and any additional expenses]
Payment Terms: [Outline the payment schedule and any vesting schedule for equity grants]
Term and Termination: [Define the duration of the agreement and conditions for termination by either party]
Confidentiality: [Include a confidentiality clause to protect sensitive company information]
Intellectual Property: [Establish ownership and assignment of intellectual property created during the advisory engagement]
Indemnification: [Specify indemnification provisions in case of breaches or third-party claims related to the advisory services]
Independent Contractor Status: [Clarify that the advisor is an independent contractor, not an employee, and is responsible for their own taxes, insurance, and other obligations]
Non-Solicitation: [Include a non-solicitation clause to prevent the advisor from poaching the company's clients or employees during and after the engagement]
Governing Law and Jurisdiction: [Specify the governing law and jurisdiction for the agreement]
Dispute Resolution: [Outline the dispute resolution mechanism, such as arbitration or litigation]
Your task is to draft an advisor agreement for your client that covers all the required elements while ensuring compliance with relevant laws and regulations. Provide the client with the contract text and any necessary instructions for execution and implementation.