And one of the biggest problems many startups face is a well-thought-out deal for consultants working for a new company. No one has been able to get the exact format of how a fair deal should be reached. For this reason, the Founder Institute created the FAST contract template for contractors. Whatever decision you make with your consultant, be sure to document the agreement. Especially when fairness is involved or promised. We recommend that you speak to a lawyer and work with your potential advisor on an agreement that works for everyone. So, as a founder or consultant, you can say goodbye to all the problems that come with the preparation of the consultant agreement. With the FAST consultant agreement, everything is now much easier. An important problem facing the 4,500 graduate companies and 18,000 mentors of the start-up institute is the formation of a consultant contract. We have literally hundreds of consulting agreements to look at – and each one is different. With a single signature and a checkbox for the FAST agreement, contractors and consultants can agree in minutes on how to work together, what to achieve and what is the right amount of compensation in shares. 11.
Miscellaneous. Any provision of this Agreement may only be modified or repealed with the written consent of the parties. As long as you continue to act as an advisor to the Company, you hereby agree that the Company may include your name on its marketing materials, website or private placement note or offer materials as an advisor to the Company. This Agreement, including all of these Agreements, constitutes the sole agreement of the parties and supersedes all prior oral proceedings and writings regarding the subject matter of this Agreement. The validity, interpretation, interpretation, and performance of this Agreement shall be governed by the laws of the State of California, without giving effect to its conflict of laws principles. This Agreement may be executed in consideration, each of which shall be considered original, but which together constitute a single instrument. Choose your advisors like a co-founder. At best, a consultant can be critical to your success as a business; in the worst case, they can be a distraction and waste of precious time or even a burden.
Know what you`re getting into by identifying the type of consultant you want: Ultimately, it`s about how you use the consultant. You need to tell them what you need and what you expect. .