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Advisor Agreement (Startup Advisor With Stock Option) - Page 1
Consultants

Advisor Agreement (Startup Advisor With Stock Option)

A short agreement for bringing a startup advisor on board in exchange for a stock option. It covers the advisory services, a restriction on advising competitors, the option grant and vesting, ownership of work product, expenses and confidentiality.

Current Version
Source: General Legal (CC0 1.0)
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Instructions for filling out Advisor Agreement (Startup Advisor With Stock Option)

This template is used for official filing and documentation. Below are detailed instructions for completing, requirement details, and submission rules.

Who needs to fill out this document?

This form is designed for use by legal entities, individuals, or authorized representatives in the following cases:

  • Startup founders adding advisors to their team.
  • Advisors reviewing the terms before accepting equity.
  • Operators and lawyers standardizing advisor onboarding.

What you will need before starting

Before filling out the interactive form, prepare the following details and documents:

1. Company detailsCompany name and the name of the person signing for it.
2. Advisor detailsAdvisor's name, email, address and phone for the signature block.
3. Scope of the adviceA description of the services, the dates, and the field the advisor agrees not to compete in.
4. Equity termsNumber of option shares, vesting period in years and number of equal monthly installments.

Step-by-step filling process

  1. Enter the parties and date: Fill in the company name and the effective date in the opening paragraph.
  2. Describe the services: Add what the advisor will do and when, then name the field covered by the non-compete.
  3. Set the equity terms: Enter the number of option shares, the vesting period and the monthly installments.
  4. Sign: Both sides complete the signature blocks on the last page.

Frequently Asked Questions (FAQ)

Does the advisor receive shares on signing?

No. The company only anticipates granting an option, which still needs board approval and a separate grant agreement. Vesting starts under that grant.

Can I use it for a company outside the U.S.?

The text assumes a U.S. company with a board and common stock options. A local lawyer should check it against your equity rules.

Is this legal advice?

No. The author publishes it for general reference, not as advice on your situation. Have a qualified lawyer review it before you sign, especially if you operate outside the United States.

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