Advisor Agreement

Template Overview

Template ID: advisory-agreement
Version: 1.0.0

To generate this document, pass the structured data described below into the data property of the /api/v1/documents/generate endpoint.

Data Payload Schema

Field	Type	Requirement	Description & Details
`parties`	`array of objects`	Yes	The entities entering into the agreement. For this template, must contain exactly 2 entities. Uses the standard Parties Schema. Each party also takes a `definition` field: one of `"Company"`, `"Advisor"`.
`advisoryFocus`	`array of strings`	Yes	What will the advisor help with? Select all that apply. Options: `"Strategic and product guidance"`, `"Network introductions and business development"`, `"Fundraising and investor introductions"`, `"Industry / domain expertise"`, `"Hiring and recruitment"`, `"Sales and partnerships"`, `"Technical / engineering guidance"`, `"Marketing and brand"`, `"Regulatory and compliance"`
`expectedTimeCommitment`	`string`	Yes	Expected time commitment Options: `"Up to 2 hours per month"`, `"Up to 4 hours per month"`, `"Up to 8 hours per month"`, `"Up to 16 hours per month"`, `"Custom"`
`customTimeCommitment`	`string`	Conditional	Specify the time commitment Ex: Up to 20 hours per quarter, on a flexible schedule. Required if `expectedTimeCommitment` is `"Custom"`.
`termType`	`string`	Yes	Length of the engagement Options: `"Fixed term"`, `"Open-ended (continues until terminated)"`
`termMonths`	`number`	Conditional	Term in months Ex: 24 Required if `termType` is `"Fixed term"`.
`noticePeriodDays`	`number`	Yes	Notice period to terminate (days) Either party may terminate the agreement on this much notice.
`compensationType`	`string`	Yes	How will the advisor be compensated? Options: `"Equity Compensation"`, `"Cash Payment"`, `"Both cash and equity"`
`cashAmount`	`number`	Conditional	Cash amount The total or per-period amount, depending on the cadence selected below. Required if `compensationType` is one of `"Cash Payment"`, `"Both cash and equity"`.
`currency`	`string`	Conditional	Cash currency Options: `"NGN"`, `"USD"`, `"GBP"`, `"ZAR"`, `"EUR"`, `"Others"` Required if `compensationType` is one of `"Cash Payment"`, `"Both cash and equity"`.
`customCurrency`	`string`	Conditional	Specify other currency Required if `currency` is `"Others"` and `compensationType` is one of `"Cash Payment"`, `"Both cash and equity"`.
`cashCadence`	`string`	Conditional	Cash payment cadence Options: `"Per month"`, `"Per quarter"`, `"Per meeting"`, `"One-off lump sum"`, `"Per hour"` Required if `compensationType` is one of `"Cash Payment"`, `"Both cash and equity"`.
`shareClass`	`string`	Conditional	Class of shares to be issued Options: `"Ordinary / common shares"`, `"Non-voting ordinary shares"`, `"Preferred shares"` Required if `compensationType` is one of `"Equity Compensation"`, `"Both cash and equity"`.
`numberOfShares`	`string`	Conditional	Number of shares Ex: 50000 Required if `compensationType` is one of `"Equity Compensation"`, `"Both cash and equity"`.
`issuePrice`	`string`	Conditional	Issue price per share Ex: nominal value (e.g. ZAR 0.01) or 'fair market value at grant'. The advisor typically pays at least the par/nominal value. Required if `compensationType` is one of `"Equity Compensation"`, `"Both cash and equity"`.
`hasVesting`	`boolean`	Conditional	Should the shares vest over time? If 'No', the advisor receives all shares fully vested on the effective date. Vesting allows you to spread out the equity grant over time, which can help with advisor retention and motivation. Required if `compensationType` is one of `"Equity Compensation"`, `"Both cash and equity"`.
`vestingPeriodMonths`	`number`	Conditional	Total vesting period (months) Standard for advisors is 24 months. Required if `hasVesting` is `true`.
`vestingFrequency`	`string`	Conditional	Vesting frequency Options: `"Monthly"`, `"Quarterly"`, `"Annually"` Required if `hasVesting` is `true`.
`hasCliff`	`boolean`	Conditional	Should there be a cliff before any shares vest? A cliff means no shares vest until the cliff date, then a chunk vests at once. Required if `hasVesting` is `true`.
`cliffMonths`	`number`	Conditional	Cliff length (months) Ex: 6 or 12 Required if `hasCliff` is `true`.
`hasBuyback`	`boolean`	Conditional	Should the company have a right to buy back shares on termination? Common for early-stage companies. The company can repurchase unvested (and optionally vested) shares if the advisor leaves. Required if `compensationType` is one of `"Equity Compensation"`, `"Both cash and equity"`.
`buybackExerciseDays`	`number`	Conditional	Days the company has to exercise the buyback Ex: 90 days from termination. Required if `hasBuyback` is `true`.
`fmvDeterminationMethod`	`string`	Conditional	How will fair market value be determined? Used when the buyback covers vested shares. Options: `"most recent priced funding round"`, `"Board determination in good faith"`, `"Independent third-party valuation"` Required if `hasBuyback` is `true`.
`expensesReimbursed`	`boolean`	No	Will pre-approved expenses be reimbursed?
`hasNonCompete`	`boolean`	No	Include a non-compete restriction? Most advisors advise multiple companies, so non-competes are typically narrow or omitted. Enable only if the advisor is in a sensitive role.
`nonCompeteScope`	`string`	Conditional	Describe the non-compete scope Ex: Companies that compete directly with the company's core legal-tech document generation product in South Africa. Required if `hasNonCompete` is `true`.
`publicityAllowed`	`boolean`	No	May the company publicly identify the advisor (website, pitch decks, press)?
`dispute`	`boolean`	No	How will disputes be resolved? Values: `true` (By Arbitration), `false` (By the court).
`governingLaw`	`string`	Yes	What is the governing law? Must be a valid value from the Supported Countries list.

Example JSON Payload

Here is an example of a properly formatted data object for the Advisor Agreement template.

{
  "templateId": "advisory-agreement",
  "data": {
    "parties": [
      {
        "definition": "Company",
        "isCompany": true,
        "rcName": "Acme Corp",
        "rcAddress": "123 Beta Way",
        "rcCountry": "United States",
        "rcNumber": "12345678",
        "type": "Private Company limited by shares"
      },
      {
        "definition": "Advisor",
        "isCompany": false,
        "fullName": "Joshua",
        "address": "789 Alpha Ave",
        "rcCountry": "Nigeria"
      }
    ],
    "advisoryFocus": [
      "Strategic and product guidance",
      "Network introductions and business development"
    ],
    "expectedTimeCommitment": "Up to 2 hours per month",
    "termType": "Fixed term",
    "termMonths": 24,
    "noticePeriodDays": 1,
    "compensationType": "Equity Compensation",
    "shareClass": "Ordinary / common shares",
    "numberOfShares": "50000",
    "issuePrice": "nominal value (e.g",
    "hasVesting": true,
    "vestingPeriodMonths": 1,
    "vestingFrequency": "Monthly",
    "hasCliff": false,
    "hasBuyback": true,
    "buybackExerciseDays": 90,
    "fmvDeterminationMethod": "most recent priced funding round",
    "expensesReimbursed": true,
    "hasNonCompete": false,
    "publicityAllowed": true,
    "dispute": true,
    "governingLaw": "Nigeria"
  },
  "format": "pdf"
}