1. Parties: Identifies the company and consultant with full legal names and addresses
2. Background: Explains the context of the agreement, including the company's need for consulting services and the consultant's expertise
3. Definitions: Defines key terms used throughout the agreement, including technical terms, 'Services', 'Deliverables', 'Stock Options', etc.
4. Scope of Services: Detailed description of consulting services to be provided, including specific deliverables and timelines
5. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination by either party
6. Compensation: Details of consulting fees, payment terms, expenses, and basic structure of stock option compensation
7. Stock Option Terms: Specific details about stock options including number of shares, vesting schedule, exercise price, and exercise period
8. Independent Contractor Status: Clearly establishes consultant's status as an independent contractor, not an employee
9. Intellectual Property Rights: Ownership and transfer of IP created during the engagement, including work product and innovations
10. Confidentiality: Protection of confidential information, trade secrets, and proprietary information
11. Representations and Warranties: Statements of fact and promises by both parties regarding their capacity and authority
12. Obligations of the Parties: Specific duties and responsibilities of both the company and consultant
13. Governing Law and Jurisdiction: Specifies Indian law as governing law and defines jurisdiction for dispute resolution
14. General Provisions: Standard clauses including notices, amendments, assignment, and severability
