Advisor Agreement
This Advisor Agreement is made between [Company name] (the "Company") and [Advisor name] (the "Advisor") as of the date of the last signature below.
1. Role
The Advisor will advise the Company on [areas], for about [hours] per month, including [meetings, introductions].
2. Compensation
In return the Company will provide [fee / equity as described in a separate grant].
3. Other work
The Advisor may work with others but will tell the Company about any conflict of interest.
4. Independent contractor
The Advisor is an independent contractor, not an employee, partner or agent of the Company, and is responsible for its own taxes, insurance, tools and workers.
5. Ownership of work
On full payment, the Advisor assigns to the Company all rights in the work created specifically for the Company under this agreement. The Advisor keeps its pre-existing materials and know-how, and licenses the Company to use any of them that are included in the work.
6. Confidentiality
Each party will keep the other's non-public information confidential, use it only for this agreement, and return or destroy it on request. This duty continues for [three years] after this agreement ends.
7. Ending this agreement
Either party may end this agreement on [30] days' written notice, or immediately if the other materially breaches it and does not fix the breach within [10] days of notice. Amounts due for work done up to the end date remain payable.
8. General
This agreement is governed by the laws of [state]. It is the entire agreement between the parties on its subject and may be changed only in writing signed by both. It may be signed electronically and in counterparts.