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1. Parties: Identification of the company and advisor
2. Background: Context of the advisory relationship and purpose
3. Definitions: Key terms used throughout the agreement
4. Services: Scope of advisory services to be provided
5. Term and Termination: Duration and termination conditions
6. Compensation: Payment terms and equity arrangements
7. Confidentiality: Protection of company information
8. Intellectual Property: Ownership and assignment of IP created during advisory relationship
9. Representations and Warranties: Standard promises and guarantees by both parties
10. General Provisions: Miscellaneous legal provisions including governing law, notices, and amendments
1. Non-Compete: Restrictions on competing activities, typically used when advisor has access to sensitive competitive information
2. Investment Rights: Rights to participate in future funding rounds, typically included for strategic advisors who may become investors
3. Board Observer Rights: Rights to attend board meetings, typically included for senior advisors deeply involved in strategy
4. Indemnification: Protection for advisor against certain claims and liabilities, often included for high-profile advisors
1. Schedule A - Services Description: Detailed outline of advisory services and responsibilities
2. Schedule B - Compensation Terms: Detailed compensation structure including equity vesting schedule if applicable
3. Schedule C - IP Assignment: Specific terms for intellectual property assignment and protection
4. Schedule D - Confidentiality Terms: Detailed confidentiality obligations and procedures
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