Consulting Agreement Key Points

Summary

Reviewing a consulting agreement is important to identify potential issues. Key points include automatic renewal if re-engaged within a year, expense authorization requiring CEO consent for amounts over $1,000, and a broad definition of confidential information. The agreement assigns all invention rights to the company and requires listing prior inventions. Non-disclosure obligations continue post-termination, and unauthorized expenses are prohibited. The consultant must assist in securing intellectual property rights. These terms can be protective for the company but may be restrictive for the consultant. Consulting a lawyer for personalized advice is recommended.

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Thanks! Anything else i should expressly be aware of?
Here are a few additional points to be aware of:
*. Non-disclosure Obligation: The consultant is bound by non-disclosure obligations even after the termination of the agreement (Section *).
*. No Unauthorized Expenses: The consultant is not authorized to incur expenses on behalf of the company without prior written consent (Section *).
*. Intellectual Property Rights Assistance: The consultant must assist in securing intellectual property rights for the company (Section *(f)).
Would you like to know more about any specific section?
If you think there is nothing else I need to expressly know about, then no
It seems like you've covered the key points. These sections can have significant implications, and it's good that you took note of them. If you need more detailed legal advice, it might be helpful to consult with a lawyer who can provide tailored advice based on your specific situation.