Letter of Appointment for Board Advisers
A letter appointing an adviser to your company’s advisory board.
- the role of the advisor and the expertise, guidance, and advice you require of him or her;
- an intellectual property assignment provision to ensure that all IP rights in work created by the Advisor as part of his or her advisory role belong to the company;
- a confidentiality provision with a clear definition of confidential information to ensure that the Advisor is contractually bound to keep that information a secret; and
- details of any equity you may be offering the Advisor in return for his or her services.
These are just a few of the issues that it is worth considering when putting together your Letter of Appointment. Use our custom contract tools to create one for your business now to protect your interests and prevent conflict down the line.
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