Get advice from the experts and compensate them for their time and know-how.
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).
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.
Login into your account (or sign-up, if you don't have one).
Go to the Generate Documents tab and select Advisor Agreement.
Complete each field in the form and select your various options.
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.
