Token Advisory Agreement with Vesting
Advisors are critical to early-stage blockchain projects, but compensating them with tokens creates legal complexity. This template documents the advisory relationship, the token grant amount, and a vesting schedule (with optional cliff and milestone triggers). It includes IP assignment, a non-solicitation clause, and a CRA acknowledgment that token compensation may be a taxable benefit — a point advisors and companies often overlook.
Parties
Enter details for the company and the advisor.
Use the exact name on your Certificate of Incorporation.
1 / 5 — Parties
This template is provided for informational purposes only and does not constitute legal advice. Laws change — have a licensed Ontario lawyer review any agreement before signing.
Why use this template?
- Clear advisory scope prevents future 'I thought I was a co-founder' disputes
- Cliff + linear vesting aligns the advisor's incentives over time
- Milestone vesting toggle for outcome-based compensation
- IP assignment ensures the company owns all work product
- CRA tax acknowledgment surfaces the tax issue before it becomes a surprise
Need this reviewed?
$299 flat feeToken vesting schedules interact with CRA's tax rules in non-obvious ways. A lawyer can structure the grant to minimise unexpected tax exposure.
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