Business Advisor Agreement

Of course, when discussing the agreement, you may come across other points that you can include (exclude) or make other changes. The FAST agreement recommends standard equity grants for a single advisor. It`s not uncommon for a tech startup to allocate a 5% equity pool to a group of strategic advisors or an advisory board. The duration of the employment relationship and the nature of the dismissal should be defined in the agreement. Sometimes it is not known how long the consultant will be in the company, so the contract is usually terminated when the consultant no longer creates added value. It is therefore a good idea for the company and for the advisor to agree on a notification period within which each party must terminate the contract before a certain number of days before the termination of the contract. Independent contractor. With a single signature and a CONTROL BOX of the FAST agreement, contractors and consultants can agree in minutes on how to work together, what they can get and the correct amount of return on equity. 7.1 Confidential Information. A party may have access to information relating to the activities of the other party (including trade secrets, technical information, business forecasts and strategies, marketing plans, customer and supplier lists, personal information, financial data and proprietary information of third parties that is communicated confidentially to the company) that the party considers confidential or protected by copyright or which is required by the party: to remain confidential.