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This document, taken from Gavel's own legal app for generating an advisor agreement, is great for startups hiring advisors in a standard way.ç
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A startup advisory agreement is an agreement between a startup and one or more individuals who provide advice to the startup in exchange for compensation. The purpose of an advisory agreement is to establish the relationship between the parties and clarify the scope of the advisor's services. Advisors typically provide business, legal, or financial advice to a startup in exchange for equity or other compensation.
An advisory agreement should be used when:
The advisory agreement should include, at least:
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