Advisory Board Agreement Template – US

Disclaimer

The information provided herein serves as a general illustration related to agreements involving advisory board members in the United States. It is not legal advice and should not substitute consulting with a qualified attorney experienced in corporate or contractual law. Regulations and legal standards may differ across jurisdictions, and amendments might be necessary to meet local requirements. The use of this example is purely at the user’s discretion, and we accept no responsibility for any errors, omissions, or consequences resulting from its application without professional legal review.

Please note: This is a sample Advisory Board Agreement template for illustrative purposes only. Actual terms may vary depending on specific arrangements and legal requirements.

Advisory Board Agreement Sample (US)

Parties Involved:

Company: XYZ Corporation
Address: 123 Business Ave, New York, NY 10001

Advisor: John Doe
Address: 456 Elm Street, New York, NY 10002

Purpose of Agreement:

This agreement establishes the terms under which the Advisor will provide strategic advice and expertise to the Company on specified matters.

Advisor Responsibilities:

The Advisor agrees to attend meetings, provide feedback, and contribute insights related to business development, operations, and other specified areas as requested by the Company.

Compensation:

The Advisor shall receive compensation in the form of equity, stipend, or as otherwise agreed upon, payable as outlined in Schedule A attached hereto.

Term and Termination:

This agreement shall commence on the Effective Date and continue for a period of one year, unless terminated earlier by either party with thirty (30) days’ written notice.

Confidentiality & Non-Compete:

The Advisor agrees to maintain confidentiality of all proprietary information and shall not engage in activities competitive with the Company during the term of this agreement and for a period of one year thereafter.

Governing Law:

This agreement shall be governed by and construed in accordance with the laws of the State of New York.

Additional Provisions:

• Any amendments must be in writing and signed by both parties.
• The Advisor shall disclose any conflicts of interest relevant to the advisory role.
• This agreement is non-exclusive; the Advisor may provide similar services to other clients.

New York, ______________________