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Startup Advisor Equity Agreement
"I need a Startup Advisor Equity Agreement for our AI technology startup, where we're bringing on a technical advisor who will receive 2% equity vesting over 24 months, with specific provisions for protecting our intellectual property and AI algorithms."
1. Parties: Identification of the Company and the Advisor with complete details
2. Background: Context of the agreement, including company status and reason for engaging advisor
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Formal appointment of advisor and duration of engagement
5. Advisory Services: Detailed scope of advisory services to be provided
6. Equity Compensation: Details of equity grant, vesting schedule, and related terms
7. Confidentiality: Obligations regarding confidential information and trade secrets
8. Intellectual Property Rights: Assignment and protection of IP created during advisory period
9. Representations and Warranties: Statements of fact and promises by both parties
10. Termination: Conditions and process for ending the advisory relationship
11. Post-Termination Obligations: Continuing obligations after agreement ends
12. General Provisions: Standard legal clauses including governing law, notices, and amendments
1. Non-Competition: Restrictions on advisor's involvement with competing businesses - include if advisor has access to sensitive competitive information
2. Non-Solicitation: Restrictions on soliciting company employees or customers - relevant for advisors with significant contact with team/clients
3. Foreign Exchange Compliance: Required if advisor is non-resident Indian or foreign national
4. Tax Matters: Detailed tax implications and responsibilities - important for complex equity structures
5. Board Observer Rights: If advisor is granted rights to attend board meetings
6. Dispute Resolution: Detailed arbitration or mediation procedures - recommended for high-value agreements
7. Force Majeure: Provisions for unforeseen circumstances affecting performance
1. Schedule A - Services Description: Detailed outline of advisory services and expectations
2. Schedule B - Equity Terms: Detailed terms of equity grant, including vesting schedule and conditions
3. Schedule C - Confidential Information: Specific items considered confidential information
4. Appendix 1 - Share Transfer Form: Standard form for executing share transfers
5. Appendix 2 - Deed of Adherence: For advisor to comply with shareholders agreement if applicable
6. Appendix 3 - Acceptance of Appointment: Formal acceptance of advisory role and terms
Authors
Technology
E-commerce
FinTech
HealthTech
EdTech
Software as a Service
Clean Technology
Biotechnology
Digital Media
Consumer Internet
Deep Technology
Artificial Intelligence
Manufacturing Startups
Retail Technology
Legal
Finance
Corporate Affairs
Human Resources
Executive Leadership
Board of Directors
Company Secretarial
Compliance
Founder
CEO
Company Secretary
Legal Counsel
General Counsel
Chief Financial Officer
Board Member
Startup Advisor
Industry Expert
Technical Advisor
Strategic Advisor
Business Advisor
Investment Advisor
Mentor
Chief Technology Officer
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