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The Nonprofit Advisory Board Agreement Template is essential for organizations seeking to formalize their relationship with advisory board members while maintaining compliance with U.S. nonprofit regulations. This document is typically used when establishing or updating advisory boards, providing clear guidelines for governance, accountability, and mutual expectations. It addresses key aspects such as term limits, confidentiality obligations, conflict of interest procedures, and liability protection. The agreement helps organizations maintain transparency and proper governance structure while protecting both the organization's and advisors' interests under applicable state and federal laws.

1. Parties: Identification of the nonprofit organization and advisory board member

2. Background: Context of the advisory board's formation and purpose

3. Definitions: Key terms used throughout the agreement

4. Term and Termination: Duration of appointment and termination conditions

5. Roles and Responsibilities: Specific duties and expectations of advisory board members

6. Confidentiality: Obligations regarding confidential information

7. Conflicts of Interest: Disclosure requirements and handling of conflicts