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Advisory Agreement Template for Canada

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Key Requirements PROMPT example:

Advisory Agreement

"I need an Advisory Agreement for my management consulting firm based in Ontario to provide strategic advisory services to a Vancouver-based technology startup, with the agreement starting March 1, 2025, including specific provisions for virtual consultations and protection of intellectual property."

Document background
The Advisory Agreement serves as the foundational document for establishing professional advisory relationships in Canada, whether for individual consultants, consulting firms, or specialized advisory services. This document is essential when providing professional guidance, strategic consulting, or specialized advisory services to clients. The agreement incorporates key elements required by Canadian federal and provincial regulations, including securities laws, privacy requirements, and professional standards. It addresses crucial aspects such as scope of services, compensation, confidentiality, and regulatory compliance, while providing flexibility to accommodate specific industry requirements. The Advisory Agreement is particularly important in protecting both the advisor's and client's interests by clearly defining responsibilities, limitations, and expectations within the Canadian legal framework.
Suggested Sections

1. Parties: Identification of the advisor and client, including full legal names and addresses

2. Background: Context of the agreement and brief description of the advisor's business and client's needs

3. Definitions: Key terms used throughout the agreement

4. Scope of Services: Detailed description of advisory services to be provided

5. Term and Termination: Duration of the agreement and conditions for termination

6. Fees and Payment Terms: Compensation structure, payment schedule, and expense reimbursement

7. Obligations of Advisor: Advisor's duties, responsibilities, and standard of care

8. Obligations of Client: Client's responsibilities and commitments

9. Confidentiality: Protection and handling of confidential information

10. Compliance with Laws: Commitment to comply with applicable regulations and laws

11. Representations and Warranties: Statements of fact and promises by both parties

12. Limitation of Liability: Extent and limitations of advisor's liability

13. Indemnification: Mutual or one-way indemnification obligations

14. Notice: Methods and requirements for formal communications

15. General Provisions: Standard legal provisions including governing law, amendments, and assignment

Optional Sections

1. Non-Competition: Restrictions on advisor's ability to work with competing clients, used when dealing with sensitive industry information

2. Intellectual Property: Ownership and usage rights of materials created during the engagement, included when deliverables involve creative or proprietary content

3. Force Majeure: Provisions for unforeseeable circumstances, particularly relevant in long-term advisory relationships

4. Dispute Resolution: Alternative dispute resolution procedures, recommended for high-value or complex advisory relationships

5. Insurance: Requirements for professional liability insurance, included when required by regulatory bodies or client policy

6. Data Protection: Specific provisions for handling personal data, necessary when dealing with sensitive client information

7. Subcontracting: Terms for engaging third-party service providers, included when advisor may need to delegate work

Suggested Schedules

1. Schedule A - Services Description: Detailed outline of specific advisory services, methodologies, and deliverables

2. Schedule B - Fee Schedule: Detailed breakdown of fees, rates, and payment terms

3. Schedule C - Key Personnel: List of primary advisor personnel assigned to the client

4. Schedule D - Service Levels: Performance metrics and service standards

5. Schedule E - Compliance Requirements: Specific regulatory and compliance obligations

6. Appendix 1 - Required Disclosures: Mandatory regulatory disclosures and advisor qualifications

7. Appendix 2 - Client Information Form: Standard form for collecting client information and preferences

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



































Clauses



































Relevant Industries

Financial Services

Management Consulting

Technology

Healthcare

Real Estate

Energy

Manufacturing

Professional Services

Education

Environmental Services

Mining

Agriculture

Telecommunications

Non-Profit

Media and Entertainment

Relevant Teams

Legal

Compliance

Finance

Business Development

Operations

Risk Management

Procurement

Contract Administration

Corporate Services

Strategy

Advisory Services

Relevant Roles

Chief Executive Officer

Managing Director

Legal Counsel

Compliance Officer

Business Development Manager

Management Consultant

Financial Advisor

Strategy Consultant

Risk Manager

Operations Director

Chief Financial Officer

Investment Advisor

Business Advisor

Technical Consultant

Project Manager

Procurement Manager

Contract Administrator

Industries









Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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