The Advisory Board Agreement is essential for companies seeking to formalize relationships with external advisors who provide strategic guidance without taking on formal director responsibilities. This document is particularly relevant in the Australian business context where companies aim to access specialized expertise while maintaining clear governance structures. The agreement typically includes comprehensive provisions covering appointment terms, service scope, confidentiality, intellectual property rights, and compensation arrangements, all aligned with Australian legal requirements. It's commonly used by both established companies and startups looking to enhance their strategic decision-making through external expertise while maintaining appropriate legal protections and clear expectations for all parties involved.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identifies the company and the advisory board member
2. Background: Sets out the context of the appointment and the company's desire to engage the advisor
3. Definitions: Defines key terms used throughout the agreement
4. Appointment and Term: Details of the appointment, including term length and renewal provisions
5. Role and Responsibilities: Outlines the specific duties and expectations of the advisory board member
6. Time Commitment: Specifies the expected time commitment, including meeting attendance and preparation
7. Remuneration: Details the compensation structure, including fees, expenses, and any equity components
8. Confidentiality: Obligations regarding confidential information and trade secrets
9. Intellectual Property: Ownership and treatment of IP created during the advisory relationship
10. Conflicts of Interest: Procedures for disclosing and managing potential conflicts
11. Termination: Circumstances and procedures for ending the agreement
12. General Provisions: Standard legal provisions including governing law, notices, and entire agreement
1. Equity Compensation: Detailed terms of any equity-based compensation, used when the advisor receives shares or options
2. Insurance: Insurance requirements and coverage details, used when the company provides insurance for advisors
3. Non-Competition: Restrictions on competing activities, used when the advisor has access to sensitive competitive information
4. Relationship with Board of Directors: Protocols for interaction with the formal board, used when regular board interaction is expected
5. International Travel: Terms for international travel and related compensation, used when advisor is expected to travel internationally
6. External Communications: Guidelines for public statements and use of advisor's name, used when advisor has high public profile
1. Schedule 1 - Services: Detailed description of advisory services to be provided
2. Schedule 2 - Compensation Details: Detailed breakdown of all compensation elements including payment terms
3. Schedule 3 - Meeting Schedule: Expected meeting dates, times, and formats for the initial term
4. Schedule 4 - Confidential Information: Specific categories of confidential information covered by the agreement
5. Schedule 5 - Approved External Commitments: List of pre-approved advisory or similar roles with other organizations
6. Appendix A - Code of Conduct: Company's code of conduct applicable to advisory board members
7. Appendix B - Expense Policy: Policy regarding reimbursable expenses and claiming procedures
Find the exact document you need
Consulting Firm Contract
An Australian-law compliant contract template for consulting firms, establishing terms and conditions for professional consulting services.
Download
Consultancy Agreement With Company
An Australian-law governed agreement establishing terms and conditions for consulting services between a company and a consultant/consulting firm.
Download
Advisory Board Engagement Letter
An Australian jurisdiction engagement letter establishing terms and conditions for advisory board member appointments.
Download
Advisory Board Agreement
An Australian-law governed agreement establishing the terms of engagement between a company and its advisory board members, including roles, responsibilities, and compensation.
Download
Advisory Engagement Letter
An Australian-compliant professional services engagement letter that establishes the terms and conditions for advisory services between a service provider and client.
Download
Advisor Contract
An Australian-law governed template for engaging professional advisors, ensuring regulatory compliance while establishing clear terms and obligations.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)