Advisor Agreement

An advisor agreement is an agreement between your company and an advisor/consultant to provide advisor services for a particular period and on particular terms. Bringing on an advisor can be invaluable to your startup by allowing you to take advantage of the experience and know-how of a seasoned professional whose skill set is relevant to your business. An advisor agreement outlines the services that the advisor is to provide, how and when they must provide them and what they get in return (eg equity in your company). By having clearly expressed terms in your advisor agreement you can manage the expectations of each party and ensure everyone understands their obligations to the other.