Board Advisor Agreement Template

This board advisor agreement template has 3 pages and is a MS Word file type listed under our legal agreements documents.

Sample of our board advisor agreement template:

BOARD ADVISOR AGREEMENT This Board Advisor Agreement (the "Agreement") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the "Company"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [BOARD ADVISOR NAME] (the "Advisor"), an individual with their main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, the Advisor has agreed to serve as a board advisor to the Company, and in connection therewith, will be given access to certain confidential and proprietary information; WHEREAS, the Company and the Advisor wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION 1.1 Both Parties understand and agree that the Advisor may have access to the confidential information of the Company. For the purposes of this Agreement, "Confidential Information" means proprietary and confidential information about the Company's business or activities. Such information includes all business, financial, technical, and other information marked or designated by the Company as "confidential" or "proprietary." Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information the Advisor lawfully receives from a third party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Advisor knew prior to receiving any Confidential Information from the Company. Information that the Advisor independently develops without reliance on any Confidential Information from the Company. 1.2 The Advisor agrees that they will not disclose to any third party or use any Confidential Information disclosed to them by the Company except when expressly permitted in writing by the Company. The Advisor also agrees that they will take all reasonable measures to maintain the confidentiality of all Confidential Information of the Company in their possession or control. TERM 2.1 The term of this Agreement shall commence on [DATE] and shall continue in effect for [NUMBER OF YEARS/MONTHS] from the date of execution by both Parties. TITLE 3.1 The Advisor agrees that all Confidential Information furnished by the Company shall remain the sole property of the Company. DISCLAIMER 4