Advisory Board Agreement

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Advisory Board Agreement

This Advisory Board Agreement (hereinafter referred to as the “Agreement”) is made and entered into on this {{day}} day of {{month}}, {{year}} (the “Effective Date”), by and between:

{{company_name}}, a company duly registered under the laws of {{country}}, with its principal place of business at {{company_address}} (hereinafter referred to as the “Company”); and

{{advisor_name}}, an individual residing at {{advisor_address}} (hereinafter referred to as the “Advisor”).

The Company and the Advisor are hereinafter collectively referred to as the “Parties” and individually as a “Party”.

1. Appointment and Role

1.1. The Company hereby appoints the Advisor to its Advisory Board, and the Advisor hereby accepts such appointment, subject to the terms and conditions set forth in this Agreement.

1.2. The Advisor shall provide non-binding strategic advice, insights, and recommendations to the Company’s management and/or board of directors on matters pertaining to {{area_of_expertise}}, including but not limited to {{specific_areas_of_advice}}.

1.3. The Advisor’s role is advisory only, and the Advisor shall not have any executive authority, voting rights, or fiduciary duties to the Company, its shareholders, or its creditors. The Advisor shall not be considered an employee, partner, or agent of the Company for any purpose.

2. Term and Termination

2.1. This Agreement shall commence on the Effective Date and shall continue for an initial term of {{term_length_years}} ({{term_length_words}}) years, unless terminated earlier in accordance with the provisions of this Agreement.

2.2. Either Party may terminate this Agreement by providing {{notice_period_days}} ({{notice_period_words}}) days’ written notice to the other Party.

2.3. This Agreement may be terminated immediately by either Party upon a material breach of any terms herein by the other Party, which breach remains uncured for {{cure_period_days}} ({{cure_period_words}}) days after written notice thereof.

2.4. Upon termination of this Agreement, the Advisor shall return all Company property and confidential information in their possession.

3. Remuneration and Expenses

3.1. In consideration for the advisory services rendered, the Company shall pay the Advisor a fee of {{remuneration_amount}} ({{currency}}) per {{payment_frequency}} (e.g., meeting, month, annum).

3.2. The Company shall reimburse the Advisor for reasonable and pre-approved out-of-pocket expenses incurred in connection with the performance of their duties hereunder, provided that such expenses are supported by original receipts or invoices. Expenses shall not exceed {{expense_limit_amount}} ({{currency}}) per {{period_for_expense_limit}} without prior written approval from the Company.

4. Confidentiality

4.1. The Advisor acknowledges that during the term of this Agreement, they may have access to confidential and proprietary information belonging to the Company, including but not limited to {{types_of_confidential_information}} (hereinafter referred to as “Confidential Information”).

4.2. The Advisor agrees to keep all Confidential Information strictly confidential and not to disclose such information to any third party without the prior written consent of the Company. The Advisor further agrees not to use Confidential Information for any purpose other than to fulfill their obligations under this Agreement.

4.3. This confidentiality obligation shall survive the termination of this Agreement.

5. Intellectual Property

5.1. All intellectual property rights, including but not limited to copyrights, patents, trademarks, and trade secrets, arising from or developed in connection with the Advisor’s services under this Agreement shall be the sole and exclusive property of the Company.

5.2. The Advisor hereby assigns to the Company all right, title, and interest in and to any such intellectual property.

6. Indemnification

6.1. The Advisor agrees to indemnify and hold harmless the Company, its directors, officers, employees, and agents from and against any and all claims, liabilities, losses, damages, costs, and expenses (including reasonable attorneys’ fees) arising out of or in connection with any breach by the Advisor of any provision of this Agreement or any negligent or willful act or omission by the Advisor.

6.2. The Company agrees to indemnify and hold harmless the Advisor from and against any and all claims, liabilities, losses, damages, costs, and expenses (including reasonable attorneys’ fees) arising out of or in connection with the Advisor’s performance of services hereunder, except to the extent such claims arise from the Advisor's gross negligence or willful misconduct.

7. Governing Law and Dispute Resolution

7.1. This Agreement shall be governed by and construed in accordance with the laws of {{country_of_jurisdiction}}.

7.2. Any dispute, controversy, or claim arising out of or in connection with this Agreement, including its existence, validity, interpretation, performance, breach, or termination, shall be referred to and finally resolved by arbitration in accordance with the rules of {{arbitration_body}}.

8. Entire Agreement

This Agreement constitutes the entire understanding and agreement between the Parties with respect to the subject matter hereof and supersedes all prior discussions, negotiations, and agreements, whether oral or written.

9. Amendments

No amendment or modification of this Agreement shall be valid unless in writing and signed by both Parties.

Signature Block

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.

FOR THE COMPANY:

_____________________________

Name: {{company_signatory_name}}

Title: {{company_signatory_title}}

FOR THE ADVISOR:

_____________________________

Name: {{advisor_name}}

Date: {{signature_date}}