ContractsCounsel Logo

Founder Advisor Standard Template

Clients Rate Lawyers on our Platform 4.9/5 Stars
based on 10,683 reviews
No Upfront Payment Required, Pay Only If You Hire.
Home Contract Samples F Founder Advisor Standard Template

Jump to Section

What is a Founder Advisor Standard Template?

A founder advisor standard template outlines the responsibilities that a founder or team of founders should carry out. This template can help ensure that a startup, idea, product, service, or company is well-managed and successful.

When creating this type of document, the following are some things to consider: What will the advisory role entail? Will it require full-time work? Are there any geographical limitations on where they advise? Will they offer other services in addition to their advisory services? How much equity will they receive in exchange for their time and expertise? And what will they focus on during these meetings (e.g., strategy)? These questions will help fill out the most critical parts of a founder advisor standard template.

Common Sections in Founder Advisor Standard Templates

Below is a list of common sections included in Founder Advisor Standard Templates. These sections are linked to the below sample agreement for you to explore.

Founder Advisor Standard Template Sample

EXHIBIT 6.5

 

Advisor Agreement

 

This Advisor Agreement (this “Agreement”) is entered into as of the date set forth on the signature page by and between the undersigned company (the “Company”) and the undersigned advisor (the “Advisor”).

 

The parties agree as follows:

 

1. Services. Advisor agrees to act as an advisor to the Company and provide advice and assistance to the Company from time to time as further described on Schedule A attached hereto or as otherwise mutually agreed to by the parties (collectively, the “Services”).

 

2. Compensation. For the provision of the Services, Advisor shall be entitled to receive the compensation as detailed on the signature page hereto.

 

3. Expenses. Subject to the prior written approval of the Company following a detailed request by Advisor which includes a maximum amount to be reimbursed, the Company shall reimburse the reasonable travel and related expenses incurred by Advisor in the course of performing services hereunder.

 

4. Term and Termination. The term of this Agreement shall be from 6 months from the signing of this agreement.

 

5. Independent Contractor. Advisor’s relationship with the Company will be that of an independent contractor and not that of an employee. Advisor will not be eligible for any employee benefits, nor will the Company make deductions from payments made to Advisor for employment or income taxes, all of which will be Advisor’s responsibility. Advisor will have no authority to enter into contracts that bind the Company or create obligations on the part of the Company without the prior written authorization of the Company.

 

6. Nondisclosure of Confidential Information.

 

a. Agreement Not to Disclose. Advisor agrees not to use any Confidential Information (as defined below) disclosed to Advisor by the Company for Advisor’s own use or for any purpose other than to carry out discussions concerning, and the undertaking of, the Services. Advisor agrees to take all reasonable measures to protect the secrecy of and avoid disclosure or use of Confidential Information of the Company in order to prevent it from falling into the public domain or the possession of persons other than agents of the Company or persons to whom the Company consents to such disclosure. Upon request by the Company, any materials or documents that have been furnished by the Company to Advisor in connection with the Services shall be promptly returned by Advisor to the Company.

 

b. Definition of Confidential Information. “Confidential Information” means any information, technical data or know-how (whether disclosed before or after the date of this Agreement), including, but not limited to, information relating to business and product or service plans, financial projections, customer lists, business forecasts, sales and merchandising, human resources, patents, patent applications, computer object or source code, research, inventions, processes, designs, drawings, engineering, marketing or finance to be confidential or proprietary or which information would, under the circumstances, appear to a reasonable person to be confidential or proprietary. Confidential Information does not include information, technical data or know-how that: (i) is in the possession of Advisor at the time of disclosure, as shown by Advisor’s files and records immediately prior to the time of disclosure; or (ii) becomes part of the public knowledge or literature, not as a direct or indirect result of any improper inaction or action of Advisor. Notwithstanding the foregoing, Advisor may disclose Confidential Information with the prior written approval of the Company or pursuant to the order or requirement of a court, administrative agency or other governmental body.

 

7. No Rights Granted. Nothing in this Agreement shall be construed as granting any rights under any patent, copyright or other intellectual property right of the Company, nor shall this Agreement grant Advisor any rights in or to the Company’s Confidential Information, except the limited right to use the Confidential Information in connection with the Services.

 

 
Page 1
 
 

 

8. Duty to Assist. As reasonably requested by the Company and only with respect to Intellectual Property created by Advisor for the Company as provided in paragraph 8 above, Advisor shall take all steps reasonably necessary to assist the Company in obtaining and enforcing in its own name any such Intellectual Property right. Advisor’s obligation to assist the Company shall continue beyond the termination of Advisor’s relationship with the Company.

 

9. Company’s Right to Disclose. During the term of this Agreement, the Company shall have the right to disclose the existence of this Agreement, Advisor’s status as an Advisor, and to include Advisor’s name, image and profile in various promotional materials, including, but not limited to, private placement memos or other offering materials, executive summaries and the Company’s world wide web page.

 

10. No Conflicts. Advisor represents that Advisor’s compliance with the terms of this Agreement and provision of Services hereunder will not violate any duty which Advisor may have to any other person or entity (such as a present or former employer), and Advisor agrees that Advisor will not do anything in the performance of Services hereunder that would violate any such duty. In addition, Advisor agrees that, during the term of this Agreement, Advisor shall promptly notify the Company in writing of any competitor of the Company which Advisor is also performing services. It is understood that in such event, the Company will review whether Advisor’s activities are consistent with Advisor remaining as an advisor of the Company.

 

11. Miscellaneous. Any term of this Agreement may be amended or waived only with the written consent of the parties. This Agreement, including any schedules hereto, constitute the sole agreement of the parties and supersedes all oral negotiations and prior writings with respect to the subject matter hereof. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the jurisdiction listed on the signature page, without giving effect to the principles of conflict of laws. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together will constitute one and the same instrument.

 

[Remainder of this page intentionally left blank]

 

 
Page 2
 
 

 

Signature Page to Founder Advisor Standard Template

 

 

Effective Date: 4/17/2018                                             

 

Governing Law: Pennsylvania

 

COMPANY:

 

ADVISOR: Kristopher B. Jones

 

 

 

 

 

Signature: /s/ Richard Gabriel

 

Signature: /s/ Kristopher B. Jones

 

Name: Richard Gabriel

 

Name: Kristopher B. Jones

 

Title: advisor

 

Title: Entrepreneur / Investor

 

Address:1 international blvd, suite 901 mahwah nj 07495

 

Address: 14 East Northampton Street, Unit 210,

 

 

 

Wilkes Barre, PA 18701

 

 

 
Page 3
 
 

 

Schedule A:

Services Based on Performance Level

 

The Advisor Compensation and Services are determined using the guidelines below.

 

$20,000 paid upfront with monthly meetings of up to two hours for 6 months.

 

Company may use the image, bio, and likeness of Kristopher B. Jones for purposes of referencing him as an advisor to the company. Company is not authorized to reference Advisor as Executive, Investor, or anything other than advisor.

 

Company agrees to make best effort to consider KBJ Capital companies, including LSEO.com for digital marketing services (SEO, PPC Management, Content Marketing) and APPEK Mobile Apps (Mobile / Web Development) during the life of this agreement.

 

 

Page 4

 


Reference:
Security Exchange Commission - Edgar Database, EX1A-6 MAT CTRCT.5 12 buying_ex65.htm ADVISOR AGREEMENT, Viewed January 25, 2022, View Source on SEC.

Who Helps With Founder Advisor Standard Templates?

Lawyers with backgrounds working on founder advisor standard templates work with clients to help. Do you need help with a founder advisor standard template?

Post a project in ContractsCounsel's marketplace to get free bids from lawyers to draft, review, or negotiate founder advisor standard templates. All lawyers are vetted by our team and peer reviewed by our customers for you to explore before hiring.

Need help with a Founder Advisor Standard Template?

Create a free project posting

Meet some of our Founder Advisor Standard Template Lawyers

Donya G. on ContractsCounsel
View Donya
4.9 (59)
Member Since:
July 11, 2020

Donya G.

Contract, E-Commerce Attorney & Dispute Resolution Specialists
Free Consultation
United States
24 Yrs Experience
Licensed in CT, NY
Pace University School of Law

I am a licensed and active NY and CT Contracts Attorney, with over 20 years of diverse legal and business experience. I specialize in reviewing, drafting and negotiating commercial agreements. My practice focuses on working with small business clients as well as clients from international brokerage firms on acquisitions, especially in the Ecommerce space; drafting, negotiating, reviewing and advising on business agreements; ; breach of contract issues, contract disputes and arbitration. I am licensed to practice in New York and Connecticut, and am a FINRA and NCDS Arbitrator. My experience includes serving as General Counsel to small businesses. This entails reviewing, updating and drafting contracts such as employments agreements, asset purchase agreements, master services agreements, operating agreements and a variety of business and commercial contracts. Additionally, I assist clients with business strategies, contract disputes and arbitration. My diverse experience allows me to give my clients a well-rounded approach to the issues they face. I have been at top AML law firms; a Vice President at an Investment Bank, a Civil Court Arbitrator presiding over cases in contract law, commercial law, a Hearing Officer, presiding over cases and rendering written decisions, and a Judicial Clerk to a Civil Court Judge. It would be a privilege to assist you and your business with my services.

Morgan S. on ContractsCounsel
View Morgan
5.0 (7)
Member Since:
July 31, 2023

Morgan S.

Attorney
Free Consultation
Austin, Texas
3 Yrs Experience
Licensed in TX, WV
University of Pittsburgh Law School

Corporate Attorney that represents startups, businesses, investors, VC/PE doing business throughout the country. Representing in a range of matters from formation to regulatory compliance to financings to exit. Have a practice that represents both domestic and foreign startups, businesses, and entrepreneurs. Along with VC, Private Equity, and investors.

Samuel R. on ContractsCounsel
View Samuel
5.0 (42)
Member Since:
October 2, 2021

Samuel R.

Attorney
Free Consultation
Phoenix - Arizona
5 Yrs Experience
Licensed in AZ, PA, UT
Widener University Delaware Law School

My career interests are to practice Transactional Corporate Law, including Business Start Up, and Mergers and Acquisitions, as well as Real Estate Law, Estate Planning Law, Tax, and Intellectual Property Law. I am currently licensed in Arizona, Pennsylvania and Utah, after having moved to Phoenix from Philadelphia in September 2019. I currently serve as General Counsel for a bioengineering company. I handle everything from their Mergers & Acquisitions, Private Placement Memorandums, and Corporate Structures to Intellectual Property Assignments, to Employment Law and Beach of Contract settlements. Responsibilities include writing and executing agreements, drafting court pleadings, court appearances, mergers and acquisitions, transactional documents, managing expert specialized legal counsel, legal research and anticipating unique legal issues that could impact the Company. Conducted an acquisition of an entire line of intellectual property from a competitor. In regards to other clients, I am primarily focused on transactional law for clients in a variety of industries including, but not limited to, real estate investment, property management, and e-commerce. Work is primarily centered around entity formation and corporate structure, corporate governance agreements, PPMs, opportunity zone tax incentives, and all kinds of business to business agreements. I have also recently gained experience with Estate Planning law, drafting numerous Estate Planning documents for people such as Wills, Powers of Attorney, Healthcare Directives, and Trusts. I was selected to the 2024 Super Lawyers Southwest Rising Stars list. Each year no more than 2.5% of the attorneys in Arizona and New Mexico are selected to the Rising Stars. I am looking to further gain legal experience in these fields of law as well as expand my legal experience assisting business start ups, mergers and acquisitions and also trademark registration and licensing.

J.R. S. on ContractsCounsel
View J.R.
5.0 (4)
Member Since:
December 29, 2023

J.R. S.

Business Lawyer
Free Consultation
Flower Mound, Texas
5 Yrs Experience
Licensed in TX
Touro Law, New York

Experienced Attorney with an MBA in Finance who provides a business-oriented mindset and thrives in a collaborative environment with a-typical challenges. Possesses exceptional skills in legal research, drafting and enforcing contracts, skillful in negotiations and mediations, drafts extremely persuasive pleadings, attacks depositions with zeal for my clients. Experience includes Business Management and IT Consulting with a successful track record managing outside relationships, associated costs, and optimizing outcomes for client(s). Effectively restructures antiquated business processes and incorporates technology and best practices to effectuate progressive outcomes for business clients. Partners collaboratively with business leaders to advance company objectives while minimizing risk to ensure internal and external compliance, increased profitability, and diverse practices. Dynamic communicator with the interpersonal skills to build trusting relationships with executives, management, and employees of various backgrounds, expertise, and styles.

Tiffany O. on ContractsCounsel
View Tiffany
5.0 (4)
Member Since:
January 3, 2024

Tiffany O.

Attorney
Free Consultation
Washington, Utah
8 Yrs Experience
Licensed in NM, UT
J. Reuben Clark Law School

Tiffany received her Juris Doctorate from the J. Reuben Clark Law School, Magna Cum Laude. She is admitted to the Utah State Bar and the New Mexico State Bar. She practices in the areas of real estate, general business, business formation, employment agreements, and civil litigation.

Karen C. on ContractsCounsel
View Karen
Member Since:
December 28, 2023

Karen C.

attorney and client relations
Free Consultation
Denver, CO
26 Yrs Experience
Licensed in MI
Chicago-Kent College of Law

I have approximately 15 years of attorney practice in IL and MI, doing both transactional and litigation work. I am currently licensed in MI and will be taking the CO bar in February. I am open to discussing paralegal or law clerk positions as I've not practiced law full-time since 2015. I worked as a residential realtor from 2015 until I moved to CO in 2021. I took the UBE in July 2023. I am qualified to become licensed in Utah, New Mexico, Oklahoma and Indiana. I missed the mark for CO by 5 points. I should be licensed to practice law in CO by April 2024.

Find the best lawyer for your project

Browse Lawyers Now

Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.

View Trustpilot Review
Employment lawyers by top cities
See All Employment Lawyers
Founder Advisor Standard Template lawyers by city
See All Founder Advisor Standard Template Lawyers

ContractsCounsel User

Recent Project:
Startup advisor agreement
Location: California
Turnaround: A week
Service: Drafting
Doc Type: Advisory Agreement
Number of Bids: 6
Bid Range: $500 - $5,000

ContractsCounsel User

Recent Project:
Advisor Agreement
Location: Washington
Turnaround: Over a week
Service: Drafting
Doc Type: Advisory Agreement
Number of Bids: 10
Bid Range: $0.01 - $2,000

Need help with a Founder Advisor Standard Template?

Create a free project posting

Want to speak to someone?

Get in touch below and we will schedule a time to connect!

Request a call

Find lawyers and attorneys by city