Bringing trusted advisors into your business? This agreement is your must-have foundation before any advice or strategy starts flowing.
This Advisory Board Agreement clearly defines the relationship between you and your advisors — including responsibilities, confidentiality, intellectual property rights, and how (or if) they’ll be compensated. It also protects you from misunderstandings around ownership, authority, or decision-making.
With this contract in place, your advisors can support your vision while you keep full control of your business — no confusion, no gray areas, and no unintended partnerships.
Your Advisory Board Agreement Template comes with clear instructions on how to customize it for your unique business and advisory setup — so you can make it fit your goals with confidence.
💻 Instant digital download of the attorney-drafted Advisory Board Agreement — ready to use today.
🧩 Customizable clauses covering your advisor’s role, responsibilities, term, and meeting schedule — with fill-in-the-blanks for your company name, advisor details, and frequency of meetings.
💰 Flexible compensation + expense terms that let you define whether advisors are paid, offered equity, or serve voluntarily.
🧾 Independent contractor protection so your advisors are clearly not employees or partners — protecting your company from unnecessary risk.
🔒 Confidentiality + proprietary information clauses to safeguard your business strategies, IP, and private company data.
💡 Intellectual property ownership that keeps anything your advisors create firmly owned by your company.
🚫 Non-solicitation + compliance provisions to prevent conflicts of interest and protect your relationships with your team and clients.
⚖️ + Other industry-standard legal language every founder needs to keep advisory relationships professional, clear, and enforceable.
This is an Advisory Board Agreement Template for use when bringing trusted advisors into your business — whether they’re offering strategic guidance, investor introductions, or expert insight to help your company grow.
Every business relationship — even with your closest friends or mentors — needs something in writing. Period.
What happens if an advisor starts overstepping their role or sharing confidential information? What if they expect equity or payment you never agreed to? Can you remove an advisor who’s no longer a fit?
This agreement covers all of that for you — from clearly defining your advisor’s role and expectations, to setting boundaries around compensation, confidentiality, intellectual property, and how to end the relationship if needed.
It keeps your business protected, professional, and crystal clear — so your advisors can support your growth without creating future headaches.