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Advisor Services Agreement

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ADVISOR SERVICES AGREEMENT

This Advisor Services Agreement ("Agreement") is made as of Effective Date: by and between Client Name: , Client Entity Type: , Client Address: (\"Client\") and Advisor Name: , Advisor Entity Type: , Advisor Address: (\"Advisor\"). Client and Advisor are each a \"Party\" and together the \"Parties\".

RECITALS

WHEREAS, Advisor has experience and expertise in the advisory services described in this Agreement and is willing to provide such services to Client on the terms set forth herein;

WHEREAS, Client desires to engage Advisor to provide advisory services to assist Client with its business activities and development, subject to the terms and conditions of this Agreement;

WHEREAS, the Parties intend by this Agreement to set forth the scope of the engagement, the compensation to be paid, confidentiality obligations, and other terms governing the relationship.

NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, the Parties agree as follows:

1. ENGAGEMENT; SERVICES

1.1 Engagement. Client hereby engages Advisor, and Advisor accepts such engagement, to provide advisory, consulting, and related services as described in the scope of services below (the \"Services\"). Advisor shall perform the Services in a professional and workmanlike manner consistent with industry practice.

2. TERM; TERMINATION

2.1 Term. The term of this Agreement will commence on the Effective Date and continue for Term (months): unless earlier terminated in accordance with this Section.

2.2 Termination for Convenience. Either Party may terminate this Agreement for any reason upon Notice Period (days): days' prior written notice to the other Party.

2.3 Termination for Cause. Either Party may terminate immediately upon written notice if the other Party materially breaches any material term of this Agreement and fails to cure such breach within Cure Period (days): days after receipt of notice specifying the breach.

2.4 Effect of Termination. Upon termination, Client will pay Advisor for Services performed and reimbursable expenses incurred through the effective date of termination. Sections concerning Confidentiality, Intellectual Property, Indemnification, and Limitation of Liability shall survive termination.

3. COMPENSATION

3.1 Fees. As consideration for the Services, Client shall pay Advisor Fees: per month unless otherwise agreed in writing.

3.2 Expenses. Client shall reimburse Advisor for preapproved, reasonable out-of-pocket expenses incurred in connection with the performance of Services. Expense cap per event: .

3.3 Invoicing; Payment. Advisor shall submit invoices monthly in arrears. Client shall pay undisputed amounts within Payment Terms (days): days of receipt. Overdue amounts shall bear interest at Interest Rate (% per annum): %.

3.4 Equity. If any equity compensation is agreed, the terms, vesting schedule, and issuance shall be set forth in a separate written equity agreement executed by both Parties.

4. CONFIDENTIALITY

4.1 Definition. \"Confidential Information\" means non-public information disclosed by one Party (\"Discloser\") to the other (\"Recipient\"), whether oral, written or electronic, that is designated confidential or that reasonably should be understood to be confidential given the nature of the information and the circumstances of disclosure.

4.2 Obligations. Recipient shall (a) hold Confidential Information in confidence using at least the same degree of care as it uses to protect its own confidential information but no less than reasonable care; (b) not use Confidential Information except to perform rights or obligations under this Agreement; and (c) not disclose Confidential Information to any third party except to its employees, agents or contractors who need to know and who are bound by confidentiality obligations at least as protective as those herein.

4.3 Exclusions. Confidential Information does not include information that: (a) is or becomes publicly known other than through a breach of this Agreement; (b) was rightfully in Recipient's possession without restriction prior to disclosure; (c) is received from a third party without breach of any obligation of confidentiality; or (d) is independently developed by Recipient without reference to Discloser's Confidential Information.

5. INTELLECTUAL PROPERTY; WORK PRODUCT

5.1 Ownership. Except as expressly provided in this Agreement, Advisor retains ownership of Advisor's pre-existing intellectual property and methodologies. Client shall own all right, title and interest in and to any deliverables and work product prepared by Advisor specifically for Client and paid for in full under this Agreement (\"Work Product\"); provided that Advisor hereby assigns and shall assign to Client all rights necessary for Client to exploit such Work Product.

5.2 License. To the extent Advisor incorporates Advisor's pre-existing materials into Work Product, Advisor grants Client a non-exclusive, royalty-free, worldwide license to use such pre-existing materials as included in the Work Product.

6. INDEPENDENT CONTRACTOR

Advisor is an independent contractor and not an employee, agent, joint venturer or partner of Client. Advisor shall be solely responsible for all taxes, withholdings and other statutory obligations with respect to Advisor's performance under this Agreement.

7. CONFLICTS; REPRESENTATIONS

7.1 Conflicts. Advisor represents that Advisor's performance of the Services will not violate any agreement or obligation to any third party. Advisor shall promptly disclose any actual or potential conflict of interest to Client in writing.

7.2 Representations. Each Party represents and warrants that it has full power and authority to enter into and perform this Agreement and that the execution and performance will not violate any applicable law or contractual obligation.

8. INDEMNIFICATION

8.1 Indemnification by Advisor. Advisor shall indemnify, defend and hold harmless Client and its officers, directors and employees from and against any claims, liabilities, losses, damages and expenses (including reasonable attorneys' fees) arising out of or resulting from Advisor's grossly negligent or willful acts or breaches of this Agreement.

8.2 Indemnification by Client. Client shall indemnify, defend and hold harmless Advisor from and against any claims, liabilities, losses, damages and expenses (including reasonable attorneys' fees) arising out of Client's use of the Work Product or Client's breach of this Agreement.

9. LIMITATION OF LIABILITY

9.1 Exclusion of Damages. Except for liability for a Party's willful misconduct or gross negligence, in no event shall either Party be liable to the other for punitive, incidental, special or consequential damages, including lost profits.

9.2 Cap on Liability. Except for liabilities arising from willful misconduct, gross negligence, or indemnities under Section 8, the aggregate liability of either Party arising out of or relating to this Agreement shall not exceed Liability Cap Amount: or the total fees actually paid to Advisor under this Agreement during the twelve (12) months preceding the event giving rise to the claim, whichever is greater.

10. NOTICES

All notices and communications required or permitted under this Agreement shall be in writing and shall be deemed given when delivered personally, sent by certified mail (return receipt requested), or sent by nationally recognized overnight courier to the addresses below or to such other address as either Party may designate in writing.

11. ASSIGNMENT

Neither Party may assign this Agreement or any of its rights or obligations hereunder without the prior written consent of the other Party, except that either Party may assign this Agreement in connection with a merger, acquisition, or sale of all or substantially all of its assets provided the assignee agrees in writing to be bound by the terms of this Agreement.

12. AMENDMENTS; WAIVER

This Agreement may be amended or modified only by a written instrument signed by both Parties. No waiver of any provision shall be effective unless in writing and signed by the Party granting the waiver. A waiver of any breach shall not constitute a waiver of any other or subsequent breach.

13. GOVERNING LAW; VENUE

This Agreement shall be governed by and construed in accordance with the laws of Governing State: without regard to conflicts of laws principles. The Parties submit to the exclusive jurisdiction of the courts located in the county and state of the chosen governing law for all disputes arising out of or relating to this Agreement.

14. ENTIRE AGREEMENT; SEVERABILITY

14.1 Entire Agreement. This Agreement, together with any exhibits or written schedules executed by the Parties, constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, proposals and communications, whether oral or written.

14.2 Severability. If any provision of this Agreement is held invalid, illegal or unenforceable by a court of competent jurisdiction, the remaining provisions shall continue in full force and effect and the Parties shall negotiate in good faith to replace the invalid provision with a valid provision that achieves, to the extent possible, the original economic, legal and commercial intent.

15. COUNTERPARTS; ELECTRONIC SIGNATURES

This Agreement may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute one instrument. Signatures transmitted by electronic means (including scanned signatures transmitted by email) shall have the same force and effect as original signatures.

Client Printed Name:

By:

Date:

Advisor Printed Name:

By:

Date:

Enter text✕

What an Advisor Services Agreement Covers

An Advisor Services Agreement is a written contract that defines the relationship between an advisor and a client, describing the scope of advisory services, deliverables, fees, and performance expectations. It sets timelines, confidentiality obligations, intellectual property allocations, and termination rights, and may include dispute resolution and indemnification provisions. The agreement clarifies payment schedules, expense reimbursement, and regulatory compliance obligations applicable to the advisor’s industry. Properly executed, the document reduces disputes by documenting responsibilities and establishes the legal basis for enforcement under applicable state and federal law.

Why formalizing advisory engagements matters

An Advisor Services Agreement reduces ambiguity by documenting duties, payment terms, confidentiality, and liability allocation. It protects both parties by setting expectations, enabling enforceability under ESIGN and state electronic signature laws when executed electronically, and supporting compliance with industry rules and recordkeeping obligations.

Why formalizing advisory engagements matters

Who typically uses an Advisor Services Agreement

Advisors and clients across industries use this agreement to document consulting engagements, fee arrangements, confidentiality, and deliverable expectations in a formal, enforceable contract.

  • Independent financial advisors, investment consultants, and planners working with individual and institutional clients to document advisory services and fees.
  • Corporate advisory teams providing strategic, M&A, or operational guidance to small and mid-market businesses with clear deliverables and milestone schedules.
  • Legal counsel and in-house compliance teams drafting or reviewing advisor engagement terms to reduce regulatory and contractual risk.

Choosing the correct signatories and review workflow ensures the agreement reflects operational, regulatory, and tax considerations for both parties.

Typical signer profiles

Advisor — CFP

An independent advisor signing the agreement should include business and registration details, disclose any licensing or fiduciary status, and confirm fee arrangements. Accurate signatory information supports enforceability, tax reporting, and client onboarding procedures.

Corporate Counsel

A company signatory such as general counsel or an authorized officer must confirm signing authority, provide evidence of delegation if required, and note approval processes. This ensures corporate compliance and limits personal liability exposure.

Core clauses every Advisor Services Agreement should include

A robust agreement addresses the substantive relationship points that determine expectations, risk allocation, and enforceability between advisor and client.

Scope

Defines specific advisory services, deliverables, milestones, and performance metrics. Use clear descriptions and numbered exhibits for schedules or acceptance criteria to prevent scope creep and disputes.

Compensation

Specifies fees, payment schedule, invoicing procedures, expense reimbursement, and consequences for late payment, including interest rates and suspension of services if applicable.

Term & Termination

States the initial term, renewal conditions, notice requirements, early termination rights, and post-termination obligations such as transition assistance and final deliverables.

Confidentiality

Defines confidential information, permitted disclosures, duration of obligations, handling of compelled disclosures, and return or destruction procedures for protected materials.

Intellectual Property

Allocates ownership of work product, license grants, moral rights waivers, and any assignment provisions for deliverables or joint development outcomes.

Indemnity & Liability

Assigns responsibility for third-party claims, sets liability caps where appropriate, details insurance requirements, and establishes notice and defense procedures for claims.

Step-by-step: preparing and executing the agreement

Follow these steps to draft, review, execute, and store an Advisor Services Agreement with clarity and legal compliance.

  • 01
    Draft: Draft scope, fees, and term; attach exhibits.
  • 02
    Negotiate: Exchange redlines and reconcile material differences.
  • 03
    Execute: Obtain signatures via in-person or compliant e-signature methods.
  • 04
    Distribute: Provide executed copies to signers and store securely.

Configuring an online execution workflow

Key settings to configure when using an eSignature platform to complete an Advisor Services Agreement.

Field Configuration
Access Control Role-based permissions and signer grouping.
Signature Order Choose sequential or parallel signing order.
Authentication Email link, SMS code, or knowledge-based options.
Notifications Email reminders and completion alerts enabled.

Typical e-execution flow for Advisor Services Agreements

A standard electronic execution flow reduces turnaround and records key evidence of intent, attribution, and consent for enforceability.

  • Upload Document: Sender uploads the agreement in PDF or DOCX format.
  • Place Fields: Add signature, initials, dates, and optional conditional fields.
  • Send to Signers: Platform emails signers or generates a secure signing link.
  • Complete & Archive: Signed copies and an audit trail are stored for records.

Technical and compliance considerations for e-signing

Select a platform that supports ESIGN/UETA compliance, strong encryption, and retention of an audit trail to preserve enforceability of electronic agreements.

  • Integrations: Salesforce, NetSuite, Microsoft 365 integrations available.
  • File Formats: Accepts PDF, DOCX, and generates ISO-compatible signed PDFs.
  • Authentication: Email, SMS, and advanced signer authentication supported.

Key deadlines and timing expectations

Track dates for signing, payments, renewals, and notice periods to avoid unintended renewals or late fees.

Signature Deadline:

Set a calendar date to finalize execution and begin obligations.

Payment Milestones:

Specify invoice due dates and late-payment penalties.

Renewal Notice Period:

Specify days required to decline auto-renewal before term end.

Dispute Notice Deadline:

Set a short window for raising contract performance disputes.

Effective Date:

Confirm the start date that triggers obligations and timelines.

Milestone timeline from draft to retained records

A simple milestone sequence helps teams coordinate drafting, approval, execution, and retention tasks across departments.

01

Drafting

Create initial agreement and attach exhibits and schedules.

02

Review & Approvals

Obtain internal legal, finance, and compliance sign-off.

03

Execution

Sign via in-person, RON, or compliant eSignature method.

04

Recordkeeping

Store executed copy and audit trail in a secure system.

Frequent preparation and execution pitfalls to avoid

  • Vague or open-ended scope language that creates later disputes and scope creep during delivery and billing.
  • Using inconsistent entity names or trade names that do not match formation or tax records, creating payment and enforcement issues.
  • Relying on informal email agreements without clear signatures or audit trails that weaken enforceability under ESIGN and UETA.
  • Omitting termination mechanics and notice periods, which can cause unexpected auto-renewals and disputed final invoices.

Potential legal and financial risks from errors

Scope Ambiguity: Disputes arise, higher costs
Missing Signatures: Enforceability challenges
Incorrect Payer Info: Delayed or withheld payments
Confidentiality Lapses: Regulatory exposure
Unauthorized Signer: Contract voided risk
Late Notices: Waived remedies or fees

Essential security and compliance controls to document

Encryption: TLS 1.2/1.3 in transit; AES-256 at rest
Access Control: Role-based permissions and audit logging
Audit Trail: Detailed timestamps, IP, and action history
HIPAA BAA: BAA required for protected health information
Authentication: Email, SMS, or advanced signer verification
Certifications: SOC 2 Type II and ISO 27001 compliance

Real-world examples of Advisor Services Agreements in use

Below are two brief examples of organizations that standardized advisor engagement documents to improve clarity and recordkeeping.

Optica Ventures LLC

Optica needed a standardized engagement document to speed onboarding and reduce negotiation time across portfolio companies.

  • Standard forms reduced back-and-forth communications and versioning.
  • By centralizing a consistent Advisor Services Agreement and executing electronically, Optica improved turnaround time, consolidated records for audits, and reduced administrative overhead while maintaining a clear audit trail for each engagement.

Fertility Centers of Illinois

A healthcare provider required compliant online execution for clinical advisory and consulting engagements.

  • Remote signing enabled secure, documented approvals.
  • The organization captured signatures with protected workflows, maintained audit logs for HIPAA audits, and ensured consultants had defined scopes and confidentiality obligations, reducing administrative burden and improving compliance readiness.

eSignature vendor comparison for executing Advisor Services Agreements

Compare baseline pricing and key feature availability across common eSignature providers. signNow is shown first per comparison conventions.

signNow DocuSign Adobe Sign PandaDoc HelloSign
Starting Price $8/user/mo $15/user/mo $14/user/mo $19/user/mo $15/user/mo
Free Trial 7-day free trial No No Yes, limited Yes, limited
Bulk Send Yes Yes Yes Yes No
Audit Trail Yes Yes Yes Yes Yes
HIPAA Compliant Yes Yes Yes No No

Practical tips for accurate and efficient completion

Apply consistent practices to reduce errors, shorten cycle time, and preserve enforceability when preparing and signing agreements.

Standardize templates and exhibits
Use version-controlled templates with numbered exhibits to limit redlines and speed review cycles; maintain a change log for negotiated terms.
Validate signer authority
Confirm that individual signers have corporate authority to bind entities and attach resolutions for non-routine signatories.
Use clear scope and acceptance criteria
Define deliverables, milestones, and measurable acceptance tests to reduce disputes and align expectations between parties.
Preserve audit trails and copies
Retain executed documents and platform audit logs in a secure repository to support audits, billing, and compliance.

Common questions about validity, signing, and revision

Answers to frequent questions about enforceability, e-signatures, notarization, modification, and recordkeeping for Advisor Services Agreements.


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