This advisor agreement template has 12 pages and is a MS Word file type listed under our consultant & contractors documents.
Sample of our advisor agreement template:
ADVISOR AGREEMENT This Advisor Agreement (the "Agreement") is made and effective [DATE], BETWEEN: [ADVISOR NAME] (the "Advisor"), an individual with his main address located at OR a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the "Company"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] In the event of a conflict in the provisions of any attachments hereto and the provisions set forth in this Agreement, the provisions of such attachments shall govern this Agreement. In consideration of the foregoing and of the mutual promises set forth herein, and intending to be legally bound, the Parties hereto agree as follows: RECITALS The Advisor has expertise in the area of the Company's business and is willing to provide Advisory services to the Company. The Company is willing to engage the Advisor as an independent contractor, and not as an employee, on the terms and conditions set forth herein. The Company desires to obtain the services of the Advisor by means of services provided by the Advisor's employees dispatched by the Advisor to provide services to the Company hereunder ("Agents"), on its own behalf and on behalf of all existing and future Affiliated Companies (defined as any corporation or other business entity or entities that directly or indirectly controls, is controlled by, or is under common control with the Company), and the Advisor desires to provide Advisory services to the Company upon the following terms and conditions. The Company has spent significant time, effort, and money to develop certain Proprietary Information (as defined below), which the Company considers vital to its business and goodwill. The Proprietary Information will necessarily be communicated to or acquired by the Advisor and its Agents in the course of providing Advisory services to the Company, and the Company desires to obtain the services of the Advisor, only if, in doing so, it can protect its Proprietary Information and goodwill. SERVICES The Advisor agrees to perform for the Company the services listed in the Scope of Services section in Exhibit A, attached hereto, and executed by both the Company and the Advisor. Such services are hereinafter referred to as "Services." The Company agrees that the Advisor shall have ready access to the Company's staff and resources as necessary to perform the Advisor's Services provided for by this contract. ADVISORY PERIOD Basic Term The Company hereby retains the Advisor and the Advisor agrees to render to the Company those Services described in Exhibit A for the period (the "Advisory Period") commencing on the date of this Agreement and ending upon the earlier of (i) [APPLICABLE DATE], (the "Term Date"), and (ii) the date the Advisory Period is terminated in accordance with Section 7. The Company shall pay the Advisor the compensation to which it is entitled under Section 5 through to the end of the Advisory Period, and, thereafter, the Company's obligations hereunder shall end. Renewal Subject to Section 7, the Advisory Period will be automatically renewed for an additional [AGREED UPON NUMBER OF MONTHS] month period (without any action by either Party) on the Term Date and on each anniversary thereof, unless one Party gives to the other written notice [NUMBER] days in advance of the beginning of any [AGREED UPON NUMBER OF MONTHS] month renewal period that the Advisory Period is to be terminated, provided, that in no event shall the Advisory Period extend beyond [DEADLINE DATE]. Either Party's right to terminate the Advisory Period, instead of renewing the Agreement, shall be with or without cause. DUTIES AND RESPONSIBILITIES The Advisor hereby agrees to provide and perform for the Company those Services set forth in Exhibit A attached hereto. The Advisor shall devote its best efforts to the performance of the Services and to such other services as may be reasonably requested by the Company, and hereby agrees to devote, unless otherwise requested in writing by the Company, a minimum of at least [AGREED UPON NUMBER OF HOURS] hours of service per week/or assign [AGREED UPON NUMBER OF INDIVIDUALS] individuals to provide Services to the Company. The Advisor shall use its best efforts to furnish competent Agents possessing a sufficient working knowledge of the Company's research, development and products to fulfill the Advisor's obligations hereunder. Any Agent of Advisor who, in the sole opinion of the Company, is unable to adequately perform any Services hereunder shall be replaced by the Advisor within [AGREED UPON NUMBER OF DAYS] days after receipt of notice from the Company of its desire to have such Agent replaced. The Advisor shall use its best efforts to comply with, and to ensure that each of its Agents complies with, all policies and practices regarding the use of facilities at which the Services are to be performed hereunder. The Advisor agrees and shall cause each of its Agents to agree to the Acknowledgement and Inventions Assignment attached hereto as Exhibit B, and the Advisor shall deliver a signed original of such Acknowledgement and Inventions Assignment to the Company prior to such Agent's commencement of the provision of Services for the Company. The Advisor shall obtain for the benefit of the Company, as an intended third-party beneficiary thereof, prior to the performance of any Services hereunder by any of the Agents, the written agreement of the Agent to be bound by terms no less restrictive than the terms of Sections 2, 5, 6, and 7 of this Agreement. Personnel supplied by the Advisor to provide Services to the Company under this Agreement will be deemed the Advisor's employees or Agents and will not for any purpose be considered employees or Agents of the Company. The Advisor assumes full responsibility for the actions of such personnel while performing Services pursuant to this Agreement, and shall be solely responsible for their supervision, daily direction and control, provision of employment benefits (if any) and payment of salary (including all required withholding of taxes). COMPENSATION, BENEFITS AND EXPENSES Compensation. In consideration of the Services to be rendered hereunder, including, without limitation, Services to any Affiliated Company, the Advisor shall be paid [AMOUNT], payable at the time and pursuant to the procedures regularly established, and as they may be amended, by the Company during the course of this Agreement. Benefits. Other than the compensation specified in 5.1 above, neither the Advisor nor its Agents shall be entitled to any direct or indirect compensation for Services performed hereunder. Expenses. The Company shall reimburse the Advisor for reasonable travel and other business expenses incurred by its Agents in the performance of the duties hereunder in accordance with the Company's general policies, as they may be amended from time to time during the course of this Agreement. INVOICING The Company shall pay the amounts agreed to herein upon receipt of invoices which shall be sent by the Advisor, and the Company shall pay the amount of such invoices to the Advisor. TERMINATION OF ADVISORY RELATIONSHIP By the Company or the Advisor. At any time, either the Company or the Advisor may terminate, without liability, the Advisory Period for any reason, with or without cause, by giving [AGREED UPON NUMBER OF DAYS] days' advance written notice to the other Party. If the Advisor terminates its Advisory relationship with the Company pursuant to Sections 2, 3 and 4, the Company shall have the option, in its complete discretion, to terminate the Advisor immediately without the running of any notice period
