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Startup

Startup Advisor Agreement

An agreement bringing on an advisor in exchange for equity — time commitment, vesting, and confidentiality.

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Free general-purpose template, not legal advice. Fill in the placeholders and consider having a lawyer review it before you rely on it.

1. Parties & Effective Date

This Startup Advisor Agreement ("Agreement") is entered into as of [Effective Date] between [Company Name] ("Company") and [Advisor Name] ("Advisor").

2. Services

Advisor agrees to provide advice and introductions in the area of [Area of Expertise], for approximately [Number] hours per month, as reasonably requested by Company.

3. Equity Compensation

In exchange for the Services, Company will grant Advisor an option to purchase [Number/Percentage] of Company’s equity, subject to approval by Company’s board and the terms of Company’s equity incentive plan.

4. Vesting

Advisor’s equity vests over [Number] years (commonly 2), with a [Number]-month cliff, after which it vests [monthly / quarterly], provided Advisor continues providing Services.

5. Confidentiality

Advisor agrees to keep Company’s confidential and proprietary information confidential, both during and after this engagement, and to use it solely to provide the Services.

6. Independent Advisor Relationship

Advisor is an independent advisor, not an employee, officer, or agent of Company, and has no authority to bind Company to any obligation.

7. No Guarantee

This Agreement does not guarantee any particular business outcome, investment, or introduction result.

8. Term & Termination

This Agreement continues until terminated by either party with [Number] days’ written notice. Vesting stops as of the termination date; already-vested equity is retained by Advisor subject to Company’s equity plan.

9. Governing Law & Signatures

This Agreement is governed by the laws of the State of [State / Jurisdiction].

Advisor Signature: _______________________ Date: _______________

Company Representative Signature: _______________________ Date: _______________

Frequently asked questions

It's free, no account required, whether you're bringing on one advisor or a whole advisory board.

Equity compensation (Section 3) needs board and equity-plan approval to actually mean anything — a promise of equity that skips that step isn't a real grant yet, so this template works best as a term sheet you formalize through the company's actual equity process. The independent-advisor language (Section 6) also matters for tax purposes: an advisor is not an employee, and treating them like one on paper can create real classification problems.

The scope of advice and expected time commitment (often a few hours a month), the equity grant and its vesting schedule (commonly 2 years with a cliff, shorter than a founder's typical 4-year vest), confidentiality, a clear statement the advisor is independent and can't bind the company to anything, and what happens to vesting if the arrangement ends.

Yes — everything from the equity percentage and cliff to the expected hours per month is a placeholder you fill in. Download and edit in your PDF tool of choice, or load it into SignFastAi via "Sign this online for free" to fill it in and send it to the advisor from the same screen.

This page hands you the advisor agreement draft. Getting the advisor's actual signature happens in SignFastAi: upload the finished agreement, add signature fields for both sides, and send a secure link.

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