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Advisor Agreement

This Advisor Agreement template is used to formally engage an external advisor, outlining the terms and conditions of their service to a company. It is suitable for use when engaging consultants, mentors, or expert advisors in various fields.

Updated 15d ago
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Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

ADVISOR AGREEMENT

This Advisor Agreement ("Agreement") is made and entered into on this {{day}} day of {{month}}, {{year}} (the "Effective Date"), by and between:

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

AND

{{advisor_full_name}}, an individual residing at {{advisor_address}}, or a company duly incorporated and existing under the laws of {{advisor_country}}, with its principal place of business at {{advisor_address}} (hereinafter referred to as "the Advisor").

Collectively referred to as "the Parties".

1. APPOINTMENT AND SERVICES

1.1 The Company hereby appoints the Advisor to provide advisory services (the "Services") as generally described in Schedule A attached hereto.

1.2 The Advisor accepts such appointment and agrees to provide the Services diligently, professionally, and in accordance with the specifications and timelines agreed upon by both Parties.

1.3 The Advisor shall be an independent contractor and not an employee, partner, or agent of the Company. The Advisor shall not have any authority to bind the Company to any obligations.

2. TERM AND TERMINATION

2.1 This Agreement shall commence on the Effective Date and shall continue for a period of {{term_length}} (e.g., months/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' written notice to the other Party.

2.3 This Agreement may be terminated immediately by either Party in the event of a material breach of this Agreement by the other Party, which breach is not remedied within {{cure_period}} days of written notice specifying the breach.

3. FEES AND PAYMENT

3.1 In consideration for the Services rendered by the Advisor, the Company shall pay the Advisor a fee of {{currency}} {{fee_amount}} per {{payment_period}} (e.g., month/project/hour), or as otherwise stipulated in Schedule B attached hereto.

3.2 All invoices submitted by the Advisor shall be paid by the Company within {{payment_terms}} days of receipt.

3.3 The Advisor shall be responsible for all taxes, including income tax, social security contributions, and any other governmental levies arising from the compensation paid under this Agreement.

4. CONFIDENTIALITY

4.1 The Advisor acknowledges that during the course of providing the Services, they may have access to confidential and proprietary information belonging to the Company. The Advisor agrees to keep all such information strictly confidential and not to disclose, use, or exploit it for any purpose other than for the performance of the Services under this Agreement.

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

5. INTELLECTUAL PROPERTY

5.1 Any intellectual property, including but not limited to copyrights, patents, trademarks, trade secrets, and know-how, developed or created by the Advisor in the course of performing the Services shall be the sole property of the Company.

5.2 The Advisor agrees to execute all necessary documents to assign such intellectual property rights to the Company.

6. LIMITATION OF LIABILITY

6.1 The Company shall not be liable for any indirect, incidental, special, consequential, or punitive damages arising out of or in connection with this Agreement, even if advised of the possibility of such damages.

6.2 The total liability of the Company under this Agreement shall not exceed the total fees paid by the Company to the Advisor under this Agreement.

7. GOVERNING LAW AND DISPUTE RESOLUTION

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

7.2 Any dispute arising out of or in connection with this Agreement, including any question regarding its existence, validity, or termination, shall be referred to and finally resolved by arbitration in {{city}}, in accordance with the arbitration rules of {{arbitration_institution}}.

8. ENTIRE AGREEMENT

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

SIGNATURES

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

FOR THE COMPANY:

_____________________________

Name: {{company_signatory_name}}

Title: {{company_signatory_title}}

FOR THE ADVISOR:

_____________________________

Name: {{advisor_full_name}}

Title: {{advisor_title}} (if applicable)

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