If you`re a founder or entrepreneur seeking to kickstart your startup, there`s a good chance you`ve heard of the Founder Institute Advisory Agreement.

The Founder Institute is a global network of startup accelerators that provides world-class support and resources to early-stage founders. Through its program, the Founder Institute offers mentorship, training, and seed funding opportunities to help entrepreneurs turn their ideas into successful businesses.

The Founder Institute Advisory Agreement is a legal document that outlines the terms of the relationship between a mentor and a mentee. It`s designed to protect both parties and ensure a successful mentorship experience.

The agreement typically includes the following key provisions:

1. Confidentiality: The mentor agrees to keep all information shared during the mentorship confidential. This clause is crucial to ensure that any sensitive or proprietary information shared during the mentorship is protected.

2. Scope of Services: The agreement outlines the scope of services that the mentor will provide to the mentee, including the mentor`s expectations and responsibilities. This clause helps to ensure that both parties have a clear understanding of what is expected of them during the mentorship.

3. Compensation: The agreement may include provisions regarding compensation, such as equity or a cash payment. This clause provides clarity on the financial aspects of the mentorship and ensures that both parties are fairly compensated.

4. Termination: The agreement outlines the circumstances under which the mentorship may be terminated, including mutual agreement, breach of contract, or other factors. This clause helps to ensure that the mentorship is a positive experience for both parties.

5. Intellectual Property Rights: The agreement includes provisions regarding intellectual property rights, such as ownership of any innovations or inventions that arise during the mentorship. This clause helps to ensure that both parties have a clear understanding of their rights and responsibilities regarding intellectual property.

In summary, the Founder Institute Advisory Agreement is a valuable tool for early-stage founders seeking mentorship and support. It provides a framework for a successful mentorship relationship and helps to ensure that both parties are protected and fairly compensated. If you`re an entrepreneur seeking to join a startup accelerator program like the Founder Institute, be sure to familiarize yourself with the Advisory Agreement and understand its provisions.