Agreement between Advisor and Company whereby the advisor provides services to the Company in exchange for stock option in the Company.
Advisor will consult and work with and advise the Company from time to time on matters relating to the Company’s actual or potential business, technology and products (the “Services”). As the only consideration due Advisor for Services, Advisor shall receive options to purchase shares of Company common stock, as currently constituted; such options: shall be for Advisor’s own account and not for further distribution; shall be subject to approval and pricing by Company’s Board of Directors; the options shall vest in equal monthly installments, in each case for so long as this Advisor Agreement remains in effect; shall be subject to any other terms of any share option plan of the Company and the applicable form of share option agreement (to be executed by Advisor). I
Company shall own all right, title and interest (including patent rights, patent applications, copyrights, trade secret rights, mask work rights, trademark rights, sui generis database rights, marketing plans and all other intellectual and industrial property rights of any sort throughout the world) relating to any and all inventions (whether or not patentable), works of authorship, mask works, designations, designs, know-how, ideas, computer programmes, prototypes and information made or conceived or reduced to practice, in whole or in part, by Advisor that arise out of or in connection with the Services or any Proprietary Information (as defined below) (collectively, “Inventions”) since Advisor began providing advisory services to Company. Advisor will promptly disclose and provide all Inventions to Company. Advisor agrees to make and hereby makes all assignments necessary to accomplish the foregoing. Advisor shall further assist Company, at Company’s expense, to further evidence, record and perfect such assignments, and to perfect, obtain, maintain, enforce and defend any rights assigned. As reasonably requested by the Company, Advisor shall take all steps reasonably necessary to assist the Company in obtaining and enforcing in its own name any Invention. The Advisor acknowledges that nothing herein will constitute or be construed as granting any rights to the Advisor, by license or otherwise, in or to any Proprietary Information (as defined below). The Advisor undertakes not to attempt any reverse engineering or analysis or samples on the basis of the Inventions received from the Company.
This document should be used by the senior management of a company or by an advisor to the senior management of a company.
It should be carefully read and signed by both parties. Once signed, both parties should get a copy of the final agreement.
1. Create Document: Click the “Create Document” button and fill in the details of the parties.
You can click the “Fill with Member’s Information” button to complete the party’s
information with your personal or business information saved to your account.
2. Please fill in any additional information by following the step-by-step guide on the left-hand side of the preview document and click the “Next” button.
3. When you are done, click the “Get Document” button and you can download the
document in Word or PDF format.
4. Please get all parties to review the document carefully and make any final modifications
to ensure that the details are correct before signing the document. Each party should
have a copy of the executed document.