Board Member Agreement
Corporate governance contract covering board responsibilities, fiduciary duties, compensation, meeting requirements, and liability protection for nonprofit or corporate board member service.
Key Clauses
Scope of Services
Defines the specific services, deliverables, and performance standards required under the agreement.
Compensation and Payment
Establishes fee structures, payment schedules, invoicing procedures, and late payment penalties.
Term and Termination
Sets the agreement duration, renewal options, and conditions under which either party may terminate.
Confidentiality
Protects proprietary information and trade secrets shared between the parties during the engagement.
Indemnification
Allocates liability and requires each party to hold the other harmless from specified claims and damages.
Use This Template
When You Need This
- Nonprofit organization recruiting experienced professional for board governance
- Corporation appointing independent director for board diversity and expertise
- Startup company adding advisor to board for industry knowledge
- Professional accepting board position for community organization involvement