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An Advisor Agreement sets out the formal relationship between a company and its business advisor, consultant, or expert who provides strategic guidance. In Singapore, these agreements protect both parties by clearly defining the advisor's role, compensation structure, and confidentiality obligations under the Employment Act and Securities and Futures Act.

The agreement typically covers key aspects like performance metrics, intellectual property rights, and non-compete clauses. It's particularly important for startups and SMEs working with industry veterans, board advisors, or technical experts - helping prevent future disputes while ensuring compliance with local corporate governance standards.

Use an Advisor Agreement when bringing in external experts to guide your Singapore-based company's strategy, technology, or growth initiatives. This agreement becomes essential before any advisor starts providing meaningful input, especially for startups seeking industry veterans' expertise or established companies adding specialized consultants to their advisory board.

The timing is crucial when negotiating equity compensation, implementing confidentiality safeguards, or defining specific deliverables from advisors. Companies expanding into new markets or launching innovative products particularly benefit from having this agreement in place before sharing sensitive business information or strategic plans.

• Board Of Advisor Agreement: Comprehensive agreement for formal board advisors, typically covering long-term strategic guidance, meeting attendance requirements, fiduciary duties, and often equity compensation. This version includes corporate governance provisions aligned with Singapore's Code of Corporate Governance, making it suitable for both startups and established companies engaging professional advisors at the board level.

• Companies and Startups: Businesses seeking strategic guidance, from early-stage startups to established corporations, draft Advisor Agreements to formalize relationships with experts.
• Business Advisors: Industry veterans, subject matter experts, and former executives who provide strategic guidance and expertise in exchange for compensation or equity.
• Legal Counsel: Corporate lawyers who draft and review these agreements to ensure compliance with Singapore's corporate laws and protect both parties' interests.
• Board Members: Directors who oversee the appointment of advisors and ensure the agreements align with company governance structures.

• Advisor Details: Gather full name, professional qualifications, and specific expertise areas the advisor will contribute.
• Scope Definition: Outline specific services, time commitments, and deliverables expected from the advisor.
• Compensation Structure: Determine payment terms, equity arrangements, or other benefits, ensuring compliance with Singapore's tax regulations.
• Confidentiality Needs: Identify sensitive information the advisor will access and required protection measures.
• Duration Terms: Set clear start dates, term length, and renewal conditions.
• Review Process: Use our platform to generate a customized agreement that includes all essential elements and local legal requirements.

• Identification Details: Full legal names of advisor and company, registration numbers, and registered addresses.
• Services Scope: Detailed description of advisory services, deliverables, and performance metrics.
• Compensation Terms: Clear payment structure, equity arrangements, and reimbursement policies.
• Confidentiality Provisions: NDA terms aligned with Singapore's Personal Data Protection Act.
• Term and Termination: Agreement duration, renewal options, and termination conditions.
• Intellectual Property: Ownership rights of work products and pre-existing IP.
• Governing Law: Explicit reference to Singapore law and jurisdiction for dispute resolution.

The key distinction lies between an Advisor Agreement and an Agency Agreement. While both involve external parties providing services to a company, their roles, responsibilities, and legal implications differ significantly under Singapore law.

• Scope of Authority: Agency Agreements grant the agent power to act on behalf of and bind the company in transactions with third parties. Advisor Agreements limit the role to providing guidance and expertise without decision-making authority.
• Legal Liability: Agents can create direct legal obligations for the company through their actions. Advisors bear no such power and typically face limited liability focused on confidentiality and duty of care.
• Compensation Structure: Agency Agreements often include commission-based payments tied to specific transactions or outcomes. Advisor Agreements typically feature fixed fees, equity components, or retainer arrangements.
• Duration and Commitment: Agency relationships usually involve ongoing operational engagement, while advisory roles tend to be more strategic and periodic in nature.