But before you think about the number of stocks or options to issue an advisor, there are a number of points to hammer. What is the councillor`s role? Will it give marketing insights or instructions at the board level? How long is it expected of her each month and how long? What does she pay? Defining these points will help determine the right amount of justice that needs to be spent and that everyone is on the same side in terms of expectations and responsibilities. UK Startups In order to complement the founding institute`s resource for this discussion, we have launched the Agreement Advisor. This free agreement model is favourable to the United Kingdom and covers the usual broad themes: deadlines and dates, deadlines, roles and obligations, fees, conflicts of interest and confidentiality. Of course, when you discuss the arrangement, you may run into other points to include them (exclude them) or make other changes. Non-disclosure of confidential information should also be included in the consultant`s agreement. As a result, not all confidential information about the company is shared with third parties by the consultant. It should also be noted that by respecting this part of the agreement, it is ready to preserve the company`s secrets as best as possible. The return of certain company documents in the event of termination must also be respected.
There are three levels of maturity that affect equity compensation: idea, start-up or growth. There are also three levels of commitment for a consultant that also influence compensation: standard, strategic or expert. For example, if a consultant offers assistance to a start-up start-up by meeting with the team each month, recruiting talent and answering a customer call, that consultant earns 1% of the business in the form of shares or limited options awarded over a two-year period; offsetting a similar commitment to a growing business of only 0.6%. The FAST capital compensation framework is shown below and the full agreement, which explains everything, follows. To learn more about working with consultants, consult the Board of Directors and advisors. You can also visit articles protecting your company`s intellectual property and protecting it. Cooley LLP, any unit associated with Cooley LLP, including Cooley (UK) LLP and Cooley SG LLP, and the partners, employees and agents of the above (Cooley set) do not support or recommend the use of default values or CooleyGO.com documents, nor does Cooley express an opinion or recommendation as to what a standard “market” document is or should be.