This article will offer a step-by-step guide of what you can expect during the "Add Advisor" workflow.
Adding advisors to your company is a great way to grow your team! To add an advisor to your account, you can use the "Add Advisor" workflow listed under the Human Resources section on the Available Company Workflows page.
Like many other workflows, you'll have the option to either create an Advisor Agreement from scratch (the generative path), upload a fully executed agreement (the upload path), or upload a drafted document and use the platform to circulate it for execution (the upload and execute path).
This article will cover what the workflow experience is like in the generative path. On the first page of the workflow, select "Create" to generate and execute a new Advisory Agreement.
Adding an Advisor
The workflow will begin by asking you to define who the "Add Advisor" workflow is for. You can either create a new user or select an existing user in your company.
After selecting (or adding) the appropriate advisor, it's time to add information pertaining to your advisory agreement.
You will need to know your advisor's effective start date, payment type (no compensation, stock award, cash payment, stock award and cash payment, or custom clause), reimbursable expenses (company reimburses or advisor bears expenses), non-competition clause (include, exclude, or custom), and non-solicitation clause (include, exclude, or custom).
Please note that you will need to include all of this information in order to move past this step.
Once you have input all of the relevant information on the previous step, you will arrive at the Checkpoint page. At this point, you can review all documents and decide whether you would like to request legal review of your documents. You will also be able to share the documents with others involved in this process, like your advisor. Once you decide that everything looks as desired, click "Continue" and the system will send out your documents to the appropriate parties for signatures.
After you have signed the advisor agreement (or the correct representative at your company has done so), you will be able to monitor the progress of signatures on the last page before the workflow is complete. Once all parties have signed, the workflow will be complete.
Screenshots are for illustrative purposes only.
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