Advisory Board Agreement Template

For Australian companies using advisory boards

Original price was: $499.00.Current price is: $279.00. +GST

Use this template to:
  • Put a clear, legally binding advisory board agreement in place
  • Define roles, responsibilities & decision-making limits for advisory board members
  • Protect confidential information, IP & company interests from day one
  • Record terms on meetings, fees, equity & when the role ends

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Advisory Board Agreement Template: Contract details, parties, effective date.

About this Document

Use this template if you:
  • Are appointing advisory board members & want the relationship clearly documented
  • Need to separate advisory roles from director, employee or contractor positions
  • Want to avoid misunderstandings about authority, scope of work & time commitment
  • Need written protections around confidentiality, IP ownership & conflicts of interest
It is suited to:
  • Startups & scale-ups forming an advisory board
  • Established SMEs adding specialist advisers or industry experts
  • Founders seeking ongoing strategic input without creating employment obligations
  • Australian companies that want a clear paper trail for governance purposes
What this template covers:
  • How advisory appointments are set up, what the role involves & how long it runs
  • Expectations on meetings, preparation, reporting lines & decision-making limits
  • Commercial terms such as fees, equity, expenses & other agreed benefits
  • Confidentiality, use of information, IP ownership & related protections
  • Conflicts of interest, independence expectations & public announcements
  • How the appointment can end & what happens when an adviser steps down
  • Core boilerplate provisions under Australian law

You receive an editable Word document you can customise to your company structure, advisory board design & commercial terms. It is a practical starting point for documenting advisory board roles, not a substitute for tailored legal advice on complex or high-risk arrangements.

How To Use This Template

This template is a starting point, not a final document. It’s been drafted by Australian lawyers to be practical and flexible, but it still needs to be reviewed and tailored for your specific business, transaction and risk profile.

Before you use it, you should:

  • Complete all placeholders, bracketed items and optional fields;
  • Remove any drafting notes or clauses that aren’t relevant to your situation; and
  • Check that party names, entity details, dates, addresses, contact details and defined terms are accurate.

Make sure the template is consistent with your other documents and obligations – including any existing contracts, policies, procedures, website terms, privacy disclosures, regulatory requirements or internal governance documents. If anything conflicts, it should be resolved before you sign, issue, adopt or implement the document.

If you are using the template as an agreement, it should be reviewed and signed by all relevant parties in accordance with applicable law and your internal signing requirements. If you are using it as a policy, procedure, notice or compliance record, it should be approved and stored under your organisation’s normal document control processes.

This template is provided as general information only and is not legal advice. Complex, high‑value, highly regulated or cross‑border matters will usually require bespoke drafting. For anything outside a straightforward use case, we strongly recommend obtaining legal advice before relying on, signing or implementing this document.

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