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Advisors to the Board Agreement | Download Free Templates
Team Lawyered
1. What are the Advisors to the Board agreement?
Advisors are the experts in the field of Finance, funding, marketing, business strategies, who are appointed by the company to provide them advisory-related services. The role of the advisor is to evaluate all the potential deals of the company and to advise on profitability, viability, legality, and future of the deals. Advisor to the board’s agreement lays down the terms and conditions for the services of an advisor, compensation structure, roles and responsibilities of advisors, etc.
2. Why is it important?
a. This agreement establishes a contractual relationship between the advisor and the company seeking the services.
b. It clearly determines what are the roles and responsibilities of the advisors in the company and what penalty they have to pay in case they could not fulfill their part of obligations.
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Team Lawyered
Lawyered is a legal tech initiative designed to change the way people interact with and within the legal industry. We believe that access to critical services like legal should be just a click away. Our team is working to bring legal online, making it cost effective, high quality and accessible for all.
Sophie Asveld
February 14, 2019
Email is a crucial channel in any marketing mix, and never has this been truer than for today’s entrepreneur. Curious what to say.
Sophie Asveld
February 14, 2019
Email is a crucial channel in any marketing mix, and never has this been truer than for today’s entrepreneur. Curious what to say.