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What is an Advisor Agreement?
An Advisor Agreement is a contract between an advisor and your startup, setting out the advisor’s role and compensation. Typically used with high-level strategic advisors, independent board members or members of your advisory board, compensation is in the form of a grant of options from your startup’s topco to the advisor (not cash).
Why generate this document?
Generate this document to onboard your advisors and agree their responsibilities and compensation. It describes the advisor’s role, e.g. sharing specialist experience or knowledge, providing general business advice and guidance, or making introductions for your startup. If your startup has engaged (i.e. established a working relationship with) several advisors and has an advisory board, the advisor will be required to attend regular meetings of the advisory board. When generating this document, Clara will ask you to select the advisor’s other duties from a list.
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How to generate your Advisor Agreement
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Generate Advisor Agreement
Go to the Generate Documents tab, choose International from the dropdown and select Advisor Agreement.
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Complete the form
Complete each field in the form and select your various options.
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Sign with DocuSign
Once you generate the document, you can save it in draft, edit it, and when final, send it for signature through our built-in DocuSign integration.
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Plug and Play, Silicon Valley’s largest global innovation platform, has announced a new partnership and investment in Clara, the legal operating system that empowers tech founders to digitally form, manage, and scale their startups.
Essential documents for establishing a startup
Founders are often risk-takers with lots of energy and great business ideas. And that is fantastic, as long as you remember to set up the correct legal foundation for your venture. Not having the proper legal basis for your startup might be too big a risk. Having the correct legal documents in place is essential for the future success of your startup.
Starting a company is hard enough, but managing legal processes shouldn’t be. With Clara’s dedicated accelerator onboarding solution, companies can get the support and infrastructure they need to efficiently and professionally complete their legal due diligence and finalize an investment.
Amal Dokhan General Partner MENA, 500 Global
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