Advisory Board Consulting Agreement
A consulting agreement should be reached between a company and its advisor. The agreement puts the expectation of the relationship as the work done on behalf of the advisor and compensation. The agreement should also define some key concepts, such as confidentiality and the allocation of work products. 13.2. Exclusive agreement. This agreement, including exhibitions, constitutes the exclusive consent of the parties and replaces all oral proceedings and prior writings relating to the purpose of this agreement. 2. Compensation. In return for the services provided by the consultant and other obligations, the entity compensates the advisor with equity funds as defined in Schedule A, subject to a blocking plan defined in Appendix A and the agreement to grant or issue equity to the advisor. 5. Independent contractor relationships. The consultant`s relationship with the company is that of an independent consultant. No provision of this agreement should be construed to create a partnership, joint venture, employer-employee relationship or agency relationship between the company and the advisor.
The advisor cannot assure third parties of the existence of such a relationship. The consulting relationship is not exclusive. The consultant is free to cooperate with other companies as long as this work does not constitute a conflict of interest or result in the disclosure of confidential information (defined below). 7.2 Exclusions. The obligations of each of the parties covered in Section 7.1 relating to a portion of confidential information do not apply to information (i) that was available to the public to one of the contracting parties, without fault on the part of that party, at the time it was notified to either party, without fault on the part of that party; (ii) were, quite rightly, in possession of a party that was rightly at the time, for which it was disclosed to a party, party or authorized person of one of the contracting parties, (iii) was developed independently of the employees or agents of a party and without reference to information transmitted to a party or an authorized person of the company , or (iv) in response to a valid injunction from a court or other government authority or by any other means, as required by law. 3.2 Resignation. Each party can terminate this contract by a written notification to the other party for at least thirty (30) days (the termination date). 1.2 Consulting services. The services provided by the consultant to the company under this agreement consist of providing the advice and other services (the “services”) agreed from time to time by the consultant and the company, in accordance with Schedule A.