Advisory Board Agreement

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Advisory Board Agreement

Advisory Board Agreement

{{company_name}} {{company_address}} Tel: {{phone}} Email: {{email}} Website: {{website}}

ADVISORY BOARD AGREEMENT

This Advisory Board Agreement ('Agreement') is made and entered into as of {{effective_date}} ('Effective Date') by and between:

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

{{advisor_name}}, residing at {{advisor_address}}, of {{advisor_nationality}} nationality (hereinafter referred to as 'the Advisor').

Collectively referred to as the 'Parties' and individually as a 'Party'.

1. Appointment and Term

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 initial term of this Agreement shall commence on the Effective Date and continue for a period of {{term_length}} years/months, unless terminated earlier in accordance with the provisions of this Agreement.

1.3 The term may be renewed upon mutual written agreement of both Parties.

2. Role and Responsibilities of the Advisor

2.1 The Advisor shall provide strategic advice, guidance, and insights to the Company’s management on matters related to {{areas_of_advice_e.g._market_strategy,_product_development,_finance}}.

2.2 The Advisor agrees to attend Advisory Board meetings, whether in person or virtually, as reasonably requested by the Company, typically {{number_of_meetings}} meetings per {{period_e.g._quarter,_year}}.

2.3 The Advisor shall dedicate a reasonable amount of time to fulfill their responsibilities, estimated to be approximately {{hours_per_period}} hours per {{period_e.g._month,_quarter}}.

2.4 The Advisor shall act in good faith and in the best interests of the Company.

3. Compensation

3.1 In consideration for the services rendered by the Advisor, the Company shall provide compensation as follows:

a. A retainer fee of {{currency}}{{retainer_amount}} per {{period_e.g._month,_quarter,_annum}}.

b. Equity compensation consisting of {{percentage_of_equity}}% of the Company's fully diluted share capital, vesting over {{vesting_period}} years/months, with a {{cliff_period}} year/month cliff.

c. Reimbursement of reasonable and pre-approved out-of-pocket expenses incurred by the Advisor in the performance of their duties, upon submission of valid receipts.

3.2 All compensation shall be subject to applicable taxes and withholdings.

4. Confidentiality

4.1 The Advisor acknowledges that during the course of their engagement, they may have access to confidential and proprietary information of the Company.

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

5. Intellectual Property

5.1 Any intellectual property (including but not limited to inventions, discoveries, designs, and works of authorship) conceived, developed, or reduced to practice by the Advisor during the term of this Agreement and in the course of providing advisory services shall be the sole and exclusive property of the Company.

6. Independent Contractor Status

6.1 The Advisor shall perform their duties as an independent contractor and not as an employee, partner, or agent of the Company. The Advisor shall be solely responsible for all taxes, social security contributions, and other statutory payments arising from their compensation.

7. Termination

7.1 Either Party may terminate this Agreement by providing {{notice_period}} days' written notice to the other Party.

7.2 The Company may terminate this Agreement immediately for cause, including but not limited to breach of confidentiality, gross misconduct, or material breach of any terms of this Agreement by the Advisor.

7.3 Upon termination, the Advisor shall promptly return all Company property and confidential information.

8. Governing Law and Dispute Resolution

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

8.2 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,_country}} in accordance with the arbitration rules of {{arbitration_institution_e.g._ICC,_Arbitration_Foundation_of_Southern_Africa_(AFSA)}} for the time being in force, which rules are deemed to be incorporated by reference into this clause.

9. Entire Agreement

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

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

_____________________________

For and on behalf of {{company_name}}

Name: {{company_representative_name}}

Title: {{company_representative_title}}

Date: {{signature_date}}

_____________________________

{{advisor_name}}

Date: {{signature_date}}