The duration of the employment relationship and the nature of the dismissal should be defined in the agreement. Sometimes it is not known how long the consultant will be in the company, so the contract is usually terminated when the consultant no longer creates added value. It is therefore a good idea for the company and for the advisor to agree on a notification period within which each party must terminate the contract before a certain number of days before the termination of the contract. Independent contractor. 2. Indemnification. In return for the services to be provided by the adviser and other obligations, the entity shall compensate the adviser with own funds of the kind and amount set out in Appendix A, which shall be subject to an unwavering plan in accordance with Annex A and the agreement to grant or issue own funds to the adviser. An advisory contract between a company and its advisor should be used. Some companies even sometimes set up an advisory committee; However, this is not considered a legal entity. This is not necessary and purely optional.
It is designed to improve the credibility and social proof of the startup. It is not mandatory to indicate this in the advisory agreement. In the agreement, it should be noted that an advisor is not directly employed by the company. He or she is an independent body that works with the company for a limited time and for specific purposes. Therefore, no corporate benefits should be extended to the consultant. Awareness of these details will facilitate the relationship, as the role of the advisor is clear. Business leaders should take care of consultants carefully. Just because someone has a good reputation or has expertise doesn`t mean they`re a good advisor or there`s the level of good chemistry needed. The advisory agreement should contain details on how this will work and the limit of the refund. . .