During the company`s activity, the company reimburses the advisor for reasonable travel expenses. The consultant agreement should provide details on how this will work and the reimbursement limit. There should also be details on the time and method to inform them about expenses. Non-disclosure of confidential information should also be included in the consultant`s agreement. As a result, not all confidential information about the company is shared with third parties by the consultant. It should also be noted that by respecting this part of the agreement, it is ready to preserve the company`s secrets as best as possible. The return of certain company documents in the event of termination must also be respected. The aim of consultant agreements is to avoid conflict and to clarify the duration of the contract. This should allow for a successful and professional working relationship.
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. [NOTE: This model is one of four types of consulting services. Use the language that matches the type of counsellor you use and delete the others.] As part of the consultant`s agreement, it should be noted that the advisor has no right to the company`s IP address; he/she only has access to it if it is necessary for the implementation of the necessary consulting services. It should be noted in the agreement that an advisor is not directly employed by the company. It is an independent organization that cooperates with the company for a limited time and for a specific purpose. Therefore, no business benefits should be extended to the consultant.
Awareness of these details will facilitate the relationship, as the role of the counsellor is clear. Us Startups For U.S. startups, the Founder Institute offers some instructions on numbers, as well as a free presentation agreement to avoid the formal framework of the relationship quickly and without legal headaches. You can read your instructions and access the American model here. The duration of the employment and the nature of the termination should be described in the agreement.