Advisor Agreement (Denmark) by Seedsummit
Explanatory Note:
The Advisor Agreement may be used for entering into agreement with any advisors that are to provide advise to the company on an ongoing basis. The agreement regulates themes such as remuneration, conflicts of interest, termination and confidentiality.
Advisor Agreement
ENTERED INTO on [effective date] BETWEEN
[company name]
[company address]
(the "Company")
AND
[advisor name]
[advisor address]
(the "Advisor")
Background
The Company has decided to engage ad hoc advisors to assist the Company with certain services as set out in this Agreement and wish to appoint the Advisor as a such advisor for the Company.
The purpose of this Agreement is to lay down the principles for the Services engaged by the Company.
APPOINTMENT
The Company hereby engages the Advisor to act as an advisor for the Company on certain matters as set out herein and the Advisor accepts such engagement.
The Advisor has been engaged because of his or her particular knowledge within [area of expertise].
As from the signing of this Agreement, the Company shall be entitled to disclose at its website and marketing material that the Advisor is engaged by the Company.
SERVICES
2.1. The role of the Advisor is to provide the services set out in Appendix A (the "Services") as agreed between the Company and the Advisor.
2.2. The Advisor shall perform the Services in a timely and professional manner, consistent with industry standards.
2.3. The Advisor agrees to be available for online discussions with the Company regarding the items set out in Appendix A.
COMPENSATION
3.1. As compensation for his or her engagement and the Services provided, the Advisor shall be compensated as set out in Appendix B.
3.2. Additionally, the Company shall reimburse reasonable expenses related to the performance of the Services.
TERMINATION
4.1. This Agreement shall enter into force on signing by both parties.
4.2. Both parties shall be entitled to terminate this agreement with a written notice of one (1) month to the end of a month.
TAX
The Advisor shall have sole responsibility for withholding of and paying all applicable taxes with respect to this Agreement. Any tax consequences for the Advisor regarding this Agreement shall be of no relevance to the Company.
NO EMPLOYMENT RELATIONSHIP
The Parties hereto acknowledge and agree that the Advisor is an independent contractor and not an employee, agent or partner of the Company, and nothing herein shall be construed to be inconsistent with this relationship or status. While the Advisor may perform the Services under the general direction of the Company, the Advisor will determine, in the Advisor’s sole discretion, the manner and means by which the Services are accomplished. The Advisor shall not have any authority to contract for or bind the Company in any manner.
CONFLICT OF INTEREST
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About this template
What is this template?
This document is a professional services contract between a company and an independent advisor. It includes specific provisions for online availability, Danish arbitration venue, and the public use of the advisor's name for marketing. It is not an employment contract and expressly denies the advisor any authority to sign contracts for the company.
When should you use it?
Use this document when appointing an expert to provide high-level guidance on an ad hoc basis rather than specific deliverables. Use a Service Agreement instead if the primary focus is on defined technical outputs or project milestones.
What's inside
| Clause | Name | What it does |
|---|---|---|
| 1 | APPOINTMENT | The Company engages the Advisor based on their specific expertise and gains the right to list the Advisor on its website. |
| 2 | SERVICES | The Advisor must perform tasks defined in Appendix A and remain available for online discussions with the Company. |
| 3 | COMPENSATION | The Company pays the Advisor according to Appendix B and reimburses reasonable expenses incurred during the performance of services. |
| 4 | TERMINATION | Either party may terminate the relationship by providing one month's written notice effective at the end of a calendar month. |
| 6 | NO EMPLOYMENT RELATIONSHIP | The Advisor acts as an independent contractor with sole discretion over their methods and no authority to bind the Company. |
| 8 | CONFIDENTIALITY | The Advisor is prohibited from disclosing any technical, financial, or business information received from the Company during the engagement. |
| 11 | LAW AND VENUE | Danish law governs this agreement, and disputes are settled through Copenhagen Arbitration under the Danish Institute of Arbitration rules. |
Who it's for
- a Danish company engaging an external expert for ongoing strategic or technical advice
- an independent consultant providing ad hoc advisory services to a startup or business
- parties requiring a fixed one-month notice period for the termination of a consultancy arrangement
How long it runs and how it's signed
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