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Advisory Board Member Agreement

An Advisory Board Member Agreement allows you to engage an advisor for your business. It gives you the option to offer either financial compensation or equity in exchange for advice.
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4.6 (36 reviews)
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Under 10 minutes
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Suitable for Australia
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Document Overview

You can use your Advisory Board Member Agreement to engage an advisor for your business. A board of advisors can help in hearing out ideas or playing devil's advocate for key decisions. This way you can ensure that any decisions you make in the course of your business are well-advised. The assistance of an advisor can help you make better, more effective, lower risk decisions for your business.

What does the Advisory Board Member Agreement cover?

  • Services to be provided;

  • Term and commencement date;

  • Minimum hours of service;

  • Advisor fee, advisor equity and vesting arrangements;

  • Independence of advisor, expenses, GST and responsibilities of advisor; and

  • Termination, IP, confidentiality and assignment.

Other names for Advisory Board Member Agreement include:

  • Advisor's Agreement; and

  • Advisor Contract.

Further information


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Here's what people say about Lawpath’s Advisory Board Member Agreement
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Easy as 123The document process was really easy. Answer a few questions and you're good to go.
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Laura
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Super easyThis was a super easy document to use for a quick vehicle sale
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BenB
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Quick and simpleQuick to create the document i needed, simple, sort of knew i needed to sign up to something to actually get access to my document.
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Marcus
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Inflexible but hopefully got the job doneAppreciate the free template, but it's inflexibility is annoying.
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Aash
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How good was that!Simple to use and very clean process. Thank you very much.
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Kerry R
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So freaking goodI have very limited knowledge about law and need some simple yet effective help. Lawpath is perfect for this!!! So grateful for them!
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Jacob
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Very easy to use willI am very grateful to have an easy to use document that will be legal once all parties signed it and witnessed by a jp
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Susan Claire Kuyper
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Very helpful processI found the document creation process very simple, particularly the step by step process for entering in personalised information.
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Alex
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Very quick and pain-freeThis document was exactly what i needed at this stage. It also gave me an understanding of how i might need to adapt it in the future.
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Private user
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Very helpful & easy to useEasy to create document & very helpful description of what the document does & how it should be used (and in mostly simple english!)
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Bonnie
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