Board Advisor Agreement

Summary

This Board Advisor Agreement is a template of agreement between a company and a person who will serve as an advisor to the company’s board of directors and management. This template should be used as a starting point for documenting the board advisor relationship. Also contained in this template is a sample schedule outlining the specific duties of the advisor. This template includes practical guidance, drafting notes, alternate clauses, and optional clauses. For a full listing of key content for in-house counsel and corporate secretaries when performing corporate functions, see In-House Corporate Secretary Resource Kit. For a full listing of related corporate governance board resolutions content, see Corporate Governance Board Resolutions Resource Kit. For more information on the role of board advisors and corporate advisory boards, see Corporate Advisory Boards and Board Advisor Agreement. See also Liability of Corporate Officers and Directors § 1.04, Liability of Corporate Officers and Directors § 1.07, and Liability of Corporate Officers and Directors § 3.05.