Document background
The Advisory Board Agreement is a crucial document for Danish companies seeking to formalize relationships with external advisors who provide strategic guidance without taking on executive or board director roles. This document is typically used when a company wants to benefit from specialized expertise or industry connections while maintaining clear boundaries between operational management, statutory board functions, and advisory roles. The agreement, governed by Danish law, needs to carefully address aspects such as confidentiality, intellectual property rights, compensation structure, and potential conflicts of interest. It's particularly relevant for growing companies, those entering new markets, or organizations requiring specialized industry expertise. The document must comply with Danish corporate law requirements while being flexible enough to accommodate various business needs and advisory relationships.
