Advisor Agreement (Portugal) by Seedsummit
The Seedsummit Advisor Agreement template outlines the terms under which an independent advisor provides consulting or strategic services to a company in exchange for equity or monetary compensation. It defines the relationship as that of an independent contractor and includes detailed provisions on confidentiality, intellectual property assignment, payment, and governing law under Portuguese jurisdiction.
ADVISOR AGREEMENT
WARNING
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In [execution place], on [effective date].
PARTIES
Between,
[company name], incorporated under the [company jurisdiction] law, with registered office at [company address], registered with the Tax Authorities and the Commercial Registry Office of [company commercial registry office] under the number [company registration number], herein represented by [representative name], in his/her capacity as [representative title], hereinafter referred to as the “Company”.
and
[advisor name], bearer of the citizen card/passport number [advisor passport number] valid until [advisor id expiry date] issued by [advisor id issuer], taxpayer number [advisor tax number], with address at [advisor address], hereinafter referred to as the “Advisor”.
The signers of this Advisor Agreement (the “Agreement”) are collectively referred to as the “Parties” and/or each of them individually as the “Party”.
Manager, legal representative.
RECITALS
Whereas:
The Company is [company purpose].
The Advisor is [advisor expertise].
Activity, purpose.
Expertise and experience.
CLAUSES
The Parties hereby agree as follows:
Starting Date and Term
The starting date of this Agreement shall be on the [start date] and terminate on the [end date] (the “Term”).
Duration of the Agreement.
Services
During the term of this Agreement, Advisor agrees to perform and provide advice and assistance to the Company from time to time as further described on this Schedule A attached hereto or as otherwise mutually agreed to by the parties (the “Services”).
Compensation
For the provision of Services, the Company shall grant the Advisor with equity compensation as set out on the Signature Page to this Founder Advisor Agreement.
Compensation and Expenses
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About this template
What is this template?
This is a services contract specifically for high-level advisors that allows for flexible payment structures including equity vesting. It is not a standard employment contract and explicitly excludes the creation of an employment relationship. It includes specific fields for Portuguese tax numbers and commercial registry details.
When should you use it?
Use this when a company wants to formalize the role of an advisor who will receive equity via a Restricted Stock Purchase Agreement. If the advisor is being hired as a full-time employee, use an Employment Agreement instead.
What's inside
| Clause | Name | What it does |
|---|---|---|
| 1 | Starting Date and Term | Defines the specific engagement period between the start date and the end date. |
| 3 | Compensation | Grants the Advisor equity compensation as detailed on the signature page, including share counts and vesting schedules. |
| 4 | Compensation and Expenses | Provides for a daily or hourly fee in EUR and limits monthly payments to a maximum fee amount. |
| 6 | Independent Contractor | Categorizes the relationship as an independent contractor rather than an employee of the Company. |
| 7 | Nondisclosure of Confidential Information | Prohibits the disclosure of technical data, customer lists, and financial projections shared during the engagement. |
| 9 | Assignment of Intellectual Property | Defers intellectual property ownership rules to a separate Intellectual Property Assignment Agreement signed by the Advisor. |
| 15 | Governing Law and Jurisdiction | Subjects the agreement to the laws of Portugal and grants exclusive jurisdiction to Portuguese courts. |
Who it's for
- a Portuguese startup appointing a strategic advisor in exchange for restricted common stock
- an expert providing consulting services to a company registered in Portugal on a fixed-term basis
- a business requiring a formal confidentiality and IP assignment framework for an external consultant
How long it runs and how it's signed
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