ADVISORY BOARD AGREEMENT

by | Aug 25, 2023 | Agreements

ADVISORY BOARD AGREEMENT

This Advisory Board Agreement effective as of _________________
is entered into by and between BLACK PHARMA (‘the Company’) and
_______________ (‘Advisor’). Individually referred to as ‘Party’ and
collectively referred to as ‘Parties’.

RECITALS

WHEREAS, Black Pharma is a social enterprise that seeks to increase the
presentation of black professionals across the Pharmaceutical industry;
WHEREAS, the Advisor has requisite skill and expertise in various aspects in Black

Pharma;

WHEREAS, the Company seeks to contract the services of the Advisor as a

member of the Company Advisory Board;

NOW THEREFORE, for valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the Parties agree to be bound as follows:

  1. Duties and Responsibilities of the Advisor. Advisor agrees to serve on the
    Advisory Board and to attend periodic meetings as called by the Company
    in its reasonable discretion, including face to face and online meetings.
    Additionally, they will perform services related to their expertise from time
    to time including providing guidance, advice and instructions to the Board.
  2. Consideration. In Consideration of the Services provided by the Advisor,
    they shall receive a monthly reimbursement of $ _______.
  3. Term and Termination. The term of the Agreement shall commence on the
    effective date and continue effectively for __ years. Advisor
    may terminate this Agreement at any time after giving prior written notice to

the Company. The Company may terminate the Agreement if: the Advisor
has breached any of their obligations under this Agreement, provided
services to a competing company and engaged in any willful or egregious
conduct which is detrimental to the Company.

  1. Non-Compete. During the term of this Agreement, the Advisor shall refrain
    from rendering similar services to Competing entities. They shall refrain
    from engaging in services that
  2. Independent Contractor. The Advisor is an independent contractor. The
    Advisor shall not have any right, power, or authority to enter into any
    agreement for or on behalf of, or incur any obligation or liability of, or
    otherwise bind the Company. This Agreement shall not interpreted or
    construed to create an association, joint venture, partnership, and
    representative or employment relationship between the Parties or to impose
    any partnership obligation or liability upon either Party.
  3. Confidentiality. Confidential Information shall include contact lists, contact
    information, company materials, individuals and business related with the
    Company among others. The Company acknowledges that the Advisor may
    receive material which is regarded as Confidential. The Advisor agrees not
    to reproduce, including but not limited to photocopying, emailing
    documents to email accounts, scanning, printing extra copies of any article,
    study materials, writing or project files unless for the purposes of Advising
    only. This Section shall inure after the termination of this Agreement.
  4. Dispute Resolution. Any dispute arising between the Parties shall be solved
    in good faith through mediation.
  5. Governing Law. This Agreement shall be governed and construed according
    to the Laws of London.
  6. Entire Agreement. This Agreement constitutes the entire understanding and
    agreement between the Parties with respect to the transactions
    contemplated, and supersedes any and all prior or contemporaneous oral or
    written representation, understanding, agreement or communication
    between the Parties concerning the subject matter hereof. Neither Party is
    relying upon any warranties, representation, assurance, nor inducements not
    expressly set forth herein.
    IN WITNESS WHEREOF, the Parties execute this Agreement as follows:
    Name: ___________
    Signature: __________
    Date: _________________

Name: ___________
Signature: __________
Date: _______________

At Legal writing experts, we would be happy to assist in preparing any legal document you need. We are international lawyers and attorneys with significant experience in legal drafting, Commercial-Corporate practice and consulting. In the last few years, we have successfully undertaken similar assignments for clients from different jurisdictions. If given this opportunity, The LegalPen will be able to prepare the legal document within the shortest time possible. You can send us your quick enquiry ( here )