Beware Traps In Advisory Board Agreements

Law360, New York (January 23, 2018, 1:20 PM EST) -- Advisory board agreements are like orphaned children — overlooked and ignored — and clients frequently sign them without your review. Yet, they sometimes contain provisions that significantly restrict the signer and even make breaching the agreement almost inevitable.

The Devil Is in the Details

Successful individuals tend to be invited to serve on advisory boards of growing companies. There is rarely any cash compensation for services rendered. Instead, the potential board member is offered some form of equity. It seems like a "friendly" arrangement. No cash exchanges hands. So, there is little motivation for clients to invest the time and money to...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS