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Board Advisor Agreement Template

It should be emphasized, within the framework of the consultant`s agreement, that the consultant has no rights over the company`s IP; access is made only if necessary to provide the necessary counselling services. Sometimes sharing equity between your employees and consultants is a good way to increase motivation. Issuing shares to a consultant could be a good way to develop the professional relationship. But before thinking about stocks or options, it`s important that the basics are laid out first. For example, the advisors referred to in the FAST agreement are founders and senior managers for strategic advice through advisory board roles, and these consultants are normally compensated by equity. The FAST agreement is not designed for traditional project consulting and “work for safety” relationships.