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Senior Advisor Agreement

This Senior Advisor Agreement template is used when engaging independent senior advisors to provide specific expertise or services to a company in a Southern African business context. It outlines the terms of their engagement, responsibilities, and compensation.

Updated 15d ago
senior advisorconsulting agreementindependent contractorprofessional servicesadvisor contractSouthern Africa

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

AGREEMENT BETWEEN COMPANY AND SENIOR ADVISOR

This Senior Advisor Agreement (the “Agreement”) is made and entered into on this {{day}} day of {{month}}, {{year}} (the “Effective Date”),

BETWEEN:

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

AND

{{advisor_name}}, an individual residing at {{advisor_address}}, or a company duly incorporated under the laws of {{advisor_country_of_incorporation}}, with its principal place of business at {{advisor_address}} (hereinafter referred to as “the Advisor”).

WHEREAS, the Company desires to retain the services of the Advisor, and the Advisor desires to provide services to the Company, upon the terms and conditions hereinafter set forth.

1. ENGAGEMENT AND SERVICES

1.1. The Company hereby engages the Advisor, and the Advisor hereby accepts such engagement, to provide advisory services (the “Services”) as more fully described in Schedule A, attached hereto and forming an integral part of this Agreement.

1.2. The Advisor shall perform the Services diligently, professionally, and to the best of their skill and ability, in accordance with the Company’s instructions and applicable professional standards.

1.3. The Advisor acknowledges that they are an independent contractor and not an employee, partner, or agent of the Company. The Advisor shall have no authority to bind the Company to any obligation or agreement.

2. TERM OF AGREEMENT

2.1. This Agreement shall commence on the Effective Date and shall continue for an initial term of {{initial_term_duration}} (e.g., one year), unless terminated earlier in accordance with the provisions of Clause 7 below.

2.2. This Agreement may be renewed upon mutual written agreement of both parties prior to the expiry of the initial term or any subsequent renewal term.

3. COMPENSATION AND REIMBURSEMENT

3.1. In consideration for the Services rendered by the Advisor, the Company shall pay the Advisor a fee of {{fee_amount}} ({{currency}}) per {{payment_period}} (e.g., month, project, hour), payable on or before the {{payment_day}} day of each {{payment_period}}.

3.2. The Company shall reimburse the Advisor for all reasonable and approved out-of-pocket expenses incurred by the Advisor in the performance of the Services, provided such expenses are supported by original receipts and approved by the Company in advance. Expenses shall be reimbursed within {{reimbursement_days}} days of receipt of a valid expense claim.

3.3. All payments and reimbursements shall be subject to applicable taxes, which shall be the sole responsibility of the Advisor.

4. CONFIDENTIALITY

4.1. The Advisor acknowledges that during the course of performing the Services, they may have access to confidential and proprietary information belonging to the Company. This includes, but is not limited to, trade secrets, business plans, financial information, client lists, and technical data (collectively, “Confidential Information”).

4.2. The Advisor agrees to keep all Confidential Information strictly confidential and not to disclose it to any third party or use it for any purpose other than the performance of the Services, both during and after the term of this Agreement.

4.3. This obligation of confidentiality shall not apply to information that is lawfully in the public domain, was known to the Advisor prior to this Agreement, or is required to be disclosed by law or by a court of competent jurisdiction.

5. INTELLECTUAL PROPERTY

5.1. All intellectual property, including but not limited to copyrights, patents, trademarks, and trade secrets, developed or conceived by the Advisor in the course of performing the Services under this Agreement shall be the sole and exclusive property of the Company.

5.2. The Advisor hereby assigns all rights, title, and interest in such intellectual property to the Company and agrees to execute any further documents reasonably requested by the Company to perfect such assignment.

6. INDEMNIFICATION

6.1. The Advisor shall indemnify and hold harmless the Company, its directors, officers, employees, and agents from and against any and all claims, liabilities, losses, damages, and expenses (including reasonable attorneys’ fees) arising out of or in connection with the Advisor’s performance of the Services, including but not limited to any breach of this Agreement or any negligent or willful act or omission by the Advisor.

6.2. The Company shall indemnify and hold harmless the Advisor from and against any and all claims, liabilities, losses, damages, and expenses (including reasonable attorneys’ fees) arising out of or in connection with the Company’s breach of this Agreement.

7. TERMINATION

7.1. Either party may terminate this Agreement by providing {{notice_period}} (e.g., 30 days) written notice to the other party.

7.2. The Company may terminate this Agreement immediately upon written notice if the Advisor breaches any material term of this Agreement and fails to cure such breach within {{cure_period}} (e.g., 10 days) of receiving written notice thereof.

7.3. Upon termination of this Agreement, the Advisor shall promptly return to the Company all Company property and Confidential Information in their possession, and the Company shall pay the Advisor for all Services rendered and approved expenses incurred up to the effective date of termination.

8. GOVERNING LAW AND DISPUTE RESOLUTION

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

8.2. Any dispute, controversy, or claim arising out of or relating to this Agreement, or the breach, termination, or invalidity thereof, shall be settled by amicable negotiation between the parties.

8.3. If the parties are unable to resolve the dispute amicably, it shall be referred to arbitration in {{arbitration_city}}, {{arbitration_country}}, in accordance with the rules of the {{arbitration_institution}}.

9. ENTIRE AGREEMENT

This Agreement, including Schedule A, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether written or oral, relating to such subject matter.

10. SIGNATURES

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}}

Date: {{signature_date}}

FOR THE ADVISOR:

_____________________________

Name: {{advisor_signatory_name}}

ID/Passport No.: {{advisor_id_passport}}

Date: {{signature_date}}

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