Advisory Board Member Agreement
An Advisory Board Member Agreement allows you to engage an advisor for your business. It gives you the option to offer either financial compensation or equity in exchange for advice.
Last updated October 24, 2025
Suitable for Australia
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What is a advisory board member agreement?
What is a advisory board member agreement?
When should you use a advisory board member agreement?
When should you use a advisory board member agreement?
What should be in a advisory board member agreement?
What should be in a advisory board member agreement?
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Frequently asked questions
Who can use this agreement?
keyboard_arrow_upWhat protections does the agreement offer the business?
keyboard_arrow_upAre there risks for the advisor?
keyboard_arrow_upCan the agreement be terminated easily?
keyboard_arrow_upDoes the agreement cover payment by equity?
keyboard_arrow_upWhat are the next steps after signing?
keyboard_arrow_upIs this agreement valid across Australia?
keyboard_arrow_upView Sample Advisory Board Member Agreement
The Legal Risk Score of a Advisory Board Member Agreement Template is Low
Our legal team have marked this document as low risk considering:
- The agreement can be terminated for convenience.
- The advisor is required to maintain confidentiality on potentially broad categories of information, posing a risk of liability if any information is unintentionally disclosed.
- The advisor's status as an independent contractor means they may not receive benefits or protections typically afforded to employees, which could affect their financial and professional security.
This document sets out clear terms that can help prevent misunderstandings and ensure both parties are aware of their obligations, which is generally beneficial in professional agreements. However, the significant transfer of rights and responsibilities primarily towards the company might present higher risks for the advisor compared to agreements that offer more balanced protections and benefits.
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