Strategic advisor clause: Copy, customize, and use instantly
Introduction
A strategic advisor clause serves to define the role and responsibilities of a strategic advisor in a business agreement. It ensures that both parties understand the scope of advice, decision-making authority, and reporting requirements, making it a vital part of partnership or advisory agreements.
Below are templates for strategic advisor clauses tailored to different scenarios. Copy, customize, and insert them into your agreement.
Strategic advisor clause: Comprehensive role
This variation outlines a broad role for the strategic advisor, covering multiple aspects of the business.
The strategic advisor shall provide strategic advice and guidance on all matters related to the business operations, market analysis, financial planning, and growth strategies. The advisor shall report directly to the CEO and shall have no decision-making authority unless explicitly granted by the CEO.
Strategic advisor clause: Limited decision-making authority
This variation grants limited decision-making authority to the strategic advisor, typically focused on specific areas of expertise.
The strategic advisor shall provide strategic advice and guidance on all matters related to the business operations, market analysis, financial planning, and growth strategies. The advisor shall report directly to the CEO and may make decisions on specific projects or initiatives as delegated by the CEO.
Strategic advisor clause: Buyer-friendly
This variation is designed to favor the interests of the company receiving advice, ensuring clear boundaries and accountability.
The strategic advisor shall provide strategic advice and guidance on all matters related to the business operations, market analysis, financial planning, and growth strategies. The advisor shall report directly to the CEO and shall have no decision-making authority unless explicitly granted by the CEO. All recommendations made by the advisor must be approved by the CEO before implementation.
Strategic advisor clause: Seller-friendly
This variation is designed to favor the interests of the strategic advisor, granting broader authority and responsibilities.
The strategic advisor shall provide strategic advice and guidance on all matters related to the business operations, market analysis, financial planning, and growth strategies. The advisor shall report directly to the CEO and may make decisions on specific projects or initiatives as delegated by the CEO. The advisor shall also have the authority to implement recommendations without CEO approval.
Strategic advisor clause: Performance metrics
This variation includes performance metrics to measure the advisor's effectiveness.
The strategic advisor shall provide strategic advice and guidance on all matters related to the business operations, market analysis, financial planning, and growth strategies. The advisor shall report directly to the CEO and shall have no decision-making authority unless explicitly granted by the CEO. The advisor's performance shall be evaluated based on [Performance Metrics], with regular reviews scheduled every [Review Frequency].
Strategic advisor clause: Exclusivity clause
This variation ensures the advisor's exclusivity in providing strategic advice.
The strategic advisor shall provide strategic advice and guidance on all matters related to the business operations, market analysis, financial planning, and growth strategies. The advisor shall report directly to the CEO and shall have no decision-making authority unless explicitly granted by the CEO. The advisor shall not provide similar services to any competing entities during the engagement period.
Strategic advisor clause: Non-compete clause
This variation includes a non-compete clause to protect the company's interests.
The strategic advisor shall provide strategic advice and guidance on all matters related to the business operations, market analysis, financial planning, and growth strategies. The advisor shall report directly to the CEO and shall have no decision-making authority unless explicitly granted by the CEO. The advisor shall not engage in any activities that compete with the company's business during the engagement period and for [Duration] after termination.
Strategic advisor clause: Intellectual property rights
This variation addresses intellectual property rights to ensure clear ownership.
The strategic advisor shall provide strategic advice and guidance on all matters related to the business operations, market analysis, financial planning, and growth strategies. The advisor shall report directly to the CEO and shall have no decision-making authority unless explicitly granted by the CEO. All intellectual property developed during the engagement period shall be owned exclusively by the company.
Strategic advisor clause: Confidentiality clause
This variation includes a confidentiality clause to protect sensitive information.
The strategic advisor shall provide strategic advice and guidance on all matters related to the business operations, market analysis, financial planning, and growth strategies. The advisor shall report directly to the CEO and shall have no decision-making authority unless explicitly granted by the CEO. The advisor agrees to maintain the confidentiality of all proprietary and sensitive information disclosed during the engagement period.
Strategic advisor clause: Termination clause
This variation includes a termination clause to outline conditions for ending the engagement.
The strategic advisor shall provide strategic advice and guidance on all matters related to the business operations, market analysis, financial planning, and growth strategies. The advisor shall report directly to the CEO and shall have no decision-making authority unless explicitly granted by the CEO. Either party may terminate the engagement upon [Notice Period] written notice. In the event of termination, the advisor shall return all company materials and data.
Strategic advisor clause: Liability clause
This variation includes a liability clause to manage risk.
The strategic advisor shall provide strategic advice and guidance on all matters related to the business operations, market analysis, financial planning, and growth strategies. The advisor shall report directly to the CEO and shall have no decision-making authority unless explicitly granted by the CEO. The advisor shall not be liable for any actions taken by the company based on the advisor's recommendations, except in cases of gross negligence or willful misconduct.
Strategic advisor clause: Scope of work
This variation defines the scope of work to avoid ambiguity.
The strategic advisor shall provide strategic advice and guidance on all matters related to the business operations, market analysis, financial planning, and growth strategies. The advisor shall report directly to the CEO and shall have no decision-making authority unless explicitly granted by the CEO. The scope of work shall include [Specific Tasks], with progress reports due every [Reporting Frequency].
Strategic advisor clause: Reporting requirements
This variation specifies detailed reporting requirements.
The strategic advisor shall provide strategic advice and guidance on all matters related to the business operations, market analysis, financial planning, and growth strategies. The advisor shall report directly to the CEO and shall have no decision-making authority unless explicitly granted by the CEO. The advisor shall submit monthly reports detailing [Report Contents] and shall hold quarterly review meetings with the CEO.
Strategic advisor clause: Compensation structure
This variation outlines the compensation structure to clarify payment terms.
The strategic advisor shall provide strategic advice and guidance on all matters related to the business operations, market analysis, financial planning, and growth strategies. The advisor shall report directly to the CEO and shall have no decision-making authority unless explicitly granted by the CEO. The advisor shall be compensated at a rate of [Compensation Rate] per hour, with payments due within [Payment Terms] of receipt of invoice.
Strategic advisor clause: Successor advisor
This variation ensures continuity by specifying a successor advisor.
The strategic advisor shall provide strategic advice and guidance on all matters related to the business operations, market analysis, financial planning, and growth strategies. The advisor shall report directly to the CEO and shall have no decision-making authority unless explicitly granted by the CEO. In the event of the advisor's inability to continue the engagement, a successor advisor shall be appointed by mutual agreement, and the engagement shall continue under the terms outlined herein.
Strategic advisor clause: Dispute resolution
This variation includes a dispute resolution mechanism to address conflicts.
The strategic advisor shall provide strategic advice and guidance on all matters related to the business operations, market analysis, financial planning, and growth strategies. The advisor shall report directly to the CEO and shall have no decision-making authority unless explicitly granted by the CEO. Any disputes arising from this agreement shall be resolved through [Dispute Resolution Method], with final resolution by [Final Dispute Resolution Method].
Strategic advisor clause: Indemnification clause
This variation includes an indemnification clause to protect against legal liabilities.
The strategic advisor shall provide strategic advice and guidance on all matters related to the business operations, market analysis, financial planning, and growth strategies. The advisor shall report directly to the CEO and shall have no decision-making authority unless explicitly granted by the CEO. The advisor agrees to indemnify and hold harmless the company from any claims, damages, or expenses arising out of the advisor's breach of this agreement or negligence.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.