Drafting Advisory Board Agreements: Mechanisms to Avoid Disputes, Inadvertent Violations and Litigation

Noncompete Clauses, Protecting Intellectual Property Rights, Equity as Compensation and More

A live 90-minute CLE webinar with interactive Q&A


Wednesday, May 23, 2018

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

Early Registration Discount Deadline, Friday, April 27, 2018

or call 1-800-926-7926

This CLE webinar will provide corporate counsel with guidance for drafting provisions in advisory board agreements that define the interests and rights of potential board members. The panel will discuss drafting methods for noncompete clauses, protection of intellectual property, issues with equity interest as compensation and other items that are critical for drafting effective advisory board agreements.

Description

The importance of advisory board agreements is often overlooked by potential board members who hold executive positions or own other successful businesses as they advise start-ups or companies with steady growth. Potential board members and companies seeking them must protect their interests and avoid future claims in negotiating and drafting of board agreements.

Advisory board agreements may contain burdensome provisions that significantly restrict the signer, causing inadvertent breaches and potential litigation. Complicated provisions in advisory board agreements are overreaching noncompete clauses, inappropriate assignments of intellectual property and illusory compensation structures. Failure to consider these items and other matters impacting a client’s current and future interests can result in avoidable adversary proceedings.

Listen as our panel discusses critical provisions of advisory board agreements, methods for limiting exposure, drafting effective noncompete, compensation and intellectual property terms, and best practices to avoid potential claims.

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Outline

  1. Key provisions of advisory board agreements and limiting exposure
  2. Noncompete clauses and balancing restrictions with market change to avoid inadvertant violations
  3. Intellectual property: maintaining rights, board member contributions and other issues
  4. Compensation: equity, profits interests and entity conversion issues
  5. Best practices for counsel in negotaing and drafting advisory board agreements

Benefits

The panel will review these and other crucial issues:

  • Methods in limiting exposure in advisory board agreements
  • Critical items in negotiating board agreements and avoiding potential claims
  • Drafting noncompete clauses to prevent inadvertent violations
  • Protecting intellectual property and terms regarding board member contributions
  • Compensation options and topics of concern
  • Best practices for preparing effective advisory board agreements

Faculty

Leffler, David
David J. Leffler

Partner
Culhane Meadows Haughian & Walsh

Mr. Leffler focuses his practice on corporate and business services. He works with companies in a variety of...  |  Read More

Stern, Ernest
Ernest M. Stern

Partner
Culhane Meadows Haughian & Walsh

Mr. Stern’s Corporate and Securities practice includes the representation of public and private emerging...  |  Read More

Live Webinar

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Live Webinar

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Live Webinar & Download

$344

Live Webinar & DVD

$344 + $9.45 S&H

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Strafford will process CLE credit for one person on each recording. All formats include program handouts. To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video

48 hours after event

$247

Download

48 hours after event

$247

DVD

10 business days after event

$247 + $9.45 S&H