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Startup Advisor Equity Agreement
"I need a Startup Advisor Equity Agreement for our Irish fintech company to bring on a technical advisor, offering 1% equity vesting over 2 years with a 6-month cliff, including strong IP protection clauses and quarterly service commitments."
1. Parties: Identification of the Company and the Advisor, including full legal names and addresses
2. Background: Context of the agreement, including the company's desire to engage the advisor and the advisor's expertise
3. Definitions: Key terms used throughout the agreement, including 'Services', 'Shares', 'Vesting Period', etc.
4. Appointment: Terms of advisor's appointment, scope of advisory role, and relationship status (independent contractor)
5. Services: Detailed description of advisory services to be provided and time commitment
6. Equity Compensation: Details of equity grant, including number of shares, type of securities, and consideration
7. Vesting: Vesting schedule, cliff period, and acceleration provisions
8. Confidentiality: Obligations regarding confidential information and trade secrets
9. Intellectual Property: Assignment of IP rights and related provisions
10. Term and Termination: Duration of agreement and grounds for termination
11. Representations and Warranties: Standard representations from both parties
12. General Provisions: Boilerplate clauses including governing law, notices, and entire agreement
1. Non-Competition: Restrictions on advisor's involvement with competing businesses - optional based on advisor's role and jurisdiction
2. Tax Indemnity: Specific tax-related provisions and indemnifications - recommended for complex equity structures
3. Board Observer Rights: Rights to attend board meetings - optional for senior advisors
4. Expense Reimbursement: Terms for reimbursing advisor expenses - optional if expenses are anticipated
5. Additional Services: Framework for engaging advisor in additional services beyond standard scope - optional for flexible arrangements
6. Key Person Insurance: Requirements for life/disability insurance - optional for critical advisors
7. Dispute Resolution: Specific dispute resolution procedures - optional alternative to court jurisdiction
1. Schedule 1 - Services Description: Detailed outline of advisory services, expectations, and time commitments
2. Schedule 2 - Equity Terms: Detailed terms of equity grant, including vesting schedule and share class rights
3. Schedule 3 - Share Transfer Restrictions: Detailed provisions regarding transfer restrictions, right of first refusal, etc.
4. Appendix A - Share Certificate: Form of share certificate to be issued
5. Appendix B - Deed of Adherence: Form of deed to be signed by advisor agreeing to company's shareholders agreement
6. Appendix C - IP Assignment: Detailed intellectual property assignment provisions and forms
Authors
Advisor
Advisory Services
Appointment Date
Board
Business Day
Company
Competitor
Confidential Information
Constitution
Deed of Adherence
Effective Date
Equity Securities
Fair Market Value
Fully-Diluted Share Capital
Good Leaver
Intellectual Property Rights
Irish Companies Act
Material Breach
Ordinary Shares
Person
Restricted Business
Service Period
Shareholders' Agreement
Shares
Share Certificate
Share Option
Termination Date
Term
Territory
Trade Secrets
Unvested Shares
Vested Shares
Vesting Commencement Date
Vesting Period
Vesting Schedule
Services
Term
Equity Compensation
Vesting
Share Rights
Share Restrictions
Confidentiality
Intellectual Property
Non-Competition
Non-Solicitation
Representations and Warranties
Independent Contractor Status
Time Commitment
Termination
Effect of Termination
Share Transfer
Tag-Along Rights
Drag-Along Rights
Right of First Refusal
Company Policies
Expenses
Indemnification
Assignment
Amendments
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Counterparts
Tax Matters
Data Protection
Force Majeure
Technology
Software Development
Fintech
Biotech
E-commerce
Digital Health
Clean Technology
Enterprise Software
Consumer Internet
Hardware & IoT
Artificial Intelligence
Blockchain
SaaS
Professional Services
Manufacturing
Legal
Finance
Executive Leadership
Corporate Governance
Human Resources
Company Secretariat
Board of Directors
Compliance
Business Development
CEO
Founder
Co-founder
Industry Advisor
Technical Advisor
Strategic Advisor
Marketing Advisor
Financial Advisor
Chief Financial Officer
General Counsel
Company Secretary
Board Member
Chief Technology Officer
Head of Business Development
Investment Advisor
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