Advisor duties clause: Copy, customize, and use instantly
Introduction
An advisor duties clause outlines the specific responsibilities and obligations of an advisor within an agreement. It serves to define the scope of the advisor's role, the expected level of involvement, and any duties they must perform during the engagement. It ensures that both parties understand their expectations, with a focus on providing clear guidance, expertise, or strategic input, making it a vital part of consulting, advisory, or partnership agreements.
Below are templates for advisor duties clauses tailored to different scenarios. Copy, customize, and insert them into your agreement.
Standard advisor duties clause
This version provides a general outline of advisor responsibilities.
The Advisor agrees to provide advice, consultation, and strategic guidance to the [Client], specifically regarding [describe subject area]. The Advisor shall provide services in a professional and timely manner, using the Advisor's expertise and knowledge to assist the [Client] in achieving their business goals.
Advisor duties clause with periodic reporting requirement
This clause adds a reporting component to the advisor's duties.
The Advisor shall provide periodic reports to the [Client] outlining the progress and results of the advisory services. These reports will be delivered on a [monthly/quarterly] basis and will include recommendations, insights, and action items.
Advisor duties clause with limited scope
This version limits the scope of the advisor's responsibilities.
The Advisor’s duties under this Agreement shall be limited to providing advice and recommendations on [specific area], excluding any direct management, implementation, or operational responsibilities unless agreed upon separately in writing.
Advisor duties clause with confidentiality obligation
This variation includes confidentiality as a key duty of the advisor.
The Advisor agrees to maintain the confidentiality of any proprietary information or sensitive data disclosed by the [Client] during the term of this Agreement. The Advisor shall not disclose such information to any third party without the express consent of the [Client], except as required by law.
Advisor duties clause with strategic decision-making involvement
This version emphasizes the advisor's role in key decision-making.
The Advisor agrees to assist in making high-level strategic decisions and provide insights on market trends, business opportunities, and risk management. The Advisor will collaborate with senior management to refine long-term business strategies.
Advisor duties clause with attendance at meetings
This clause specifies the advisor’s participation in meetings.
The Advisor shall attend monthly meetings with the [Client] to discuss ongoing projects, evaluate business performance, and provide strategic input. The Advisor will also be available for additional meetings as required by the [Client].
Advisor duties clause with non-competition during engagement
This version includes a non-competition component during the advisor's tenure.
During the term of this Agreement, the Advisor agrees not to engage in any advisory or consultancy role for a direct competitor of the [Client] without prior written consent from the [Client].
Advisor duties clause with non-solicitation of employees
This version prevents the advisor from hiring the client’s staff.
The Advisor agrees not to solicit or hire employees or contractors of the [Client] for a period of [number] months following the termination of this Agreement.
Advisor duties clause with mentorship role
This variation emphasizes the advisor’s role as a mentor.
In addition to providing strategic advice, the Advisor agrees to mentor key personnel of the [Client], including providing guidance on leadership development and business growth.
Advisor duties clause with review and feedback obligation
This clause requires the advisor to review and provide feedback on business operations.
The Advisor shall review key business operations and provide constructive feedback on performance, strategies, and execution. The Advisor will also participate in annual performance reviews.
Advisor duties clause with documentation of advice
This version requires the advisor to document their recommendations.
The Advisor agrees to document all advice, recommendations, and key points discussed during meetings and consultations with the [Client], and shall provide written summaries within [X] days of each meeting.
Advisor duties clause with legal and regulatory guidance
This version adds a focus on compliance and legal matters.
The Advisor agrees to advise the [Client] on legal, regulatory, and compliance matters within the advisor’s expertise, ensuring that the [Client] remains in compliance with applicable laws during the term of this Agreement.
Advisor duties clause with financial oversight
This clause gives the advisor a role in overseeing financial operations.
The Advisor shall provide input on financial strategies, including budgeting, forecasting, and cash flow management. The Advisor will assist in evaluating financial reports and ensuring financial discipline.
Advisor duties clause with market research assistance
This version includes an expectation of market research support.
The Advisor shall assist the [Client] in conducting market research, including identifying new business opportunities, evaluating competitors, and analyzing consumer trends relevant to the [Client]'s business.
Advisor duties clause with risk management advice
This variation involves helping the client with risk management strategies.
The Advisor agrees to provide guidance on risk management, including identifying potential risks and suggesting strategies for mitigating those risks. The Advisor will also assist in developing contingency plans where necessary.
Advisor duties clause with project-specific duties
This clause assigns the advisor to specific projects.
The Advisor will provide specialized advice for the [Client]’s [specific project], including offering guidance on project strategy, operational efficiency, and resource allocation.
Advisor duties clause with continuous performance monitoring
This clause includes an ongoing review of performance metrics.
The Advisor shall monitor the performance of the [Client] against pre-agreed business metrics and provide quarterly reports on performance. The Advisor will suggest improvements and identify any potential areas of concern.
Advisor duties clause with exit strategy involvement
This version includes advisory duties related to exit strategies.
The Advisor will assist the [Client] in developing an exit strategy, including advising on sale options, mergers, acquisitions, or IPO processes, and ensuring alignment with the [Client]’s long-term business goals.
Advisor duties clause with technology guidance
This version specifies the advisor's role in technology-related matters.
The Advisor shall provide guidance on technology adoption, innovation, and integration within the [Client]’s operations, including recommending software solutions and digital transformation strategies.
Advisor duties clause with reputation management role
This variation includes reputation management responsibilities.
The Advisor agrees to advise the [Client] on strategies for managing and enhancing its reputation, both in the industry and with its customers, through public relations and brand-building activities.
Advisor duties clause with research and development support
This version focuses on R&D contributions.
The Advisor shall support the [Client] in its research and development activities, offering guidance on product innovation, market trends, and technology developments, and advising on best practices for R&D operations.
Advisor duties clause with confidentiality of client information
This variation strengthens confidentiality obligations.
The Advisor agrees to keep all confidential information of the [Client], including proprietary business strategies, financial information, and intellectual property, confidential during the term of this Agreement and for [X] years after termination.
Advisor duties clause with strategic alliance development
This clause assigns the advisor the task of helping develop partnerships.
The Advisor shall assist the [Client] in identifying and developing strategic alliances, partnerships, and joint ventures that align with the [Client]’s business objectives and growth strategy.
Advisor duties clause with industry-specific expertise
This version focuses on the advisor’s specialized industry knowledge.
The Advisor shall leverage their industry-specific expertise to provide targeted advice on market positioning, regulatory compliance, and industry best practices, ensuring that the [Client] remains competitive in its sector.
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.