Consultancy Agreement

Key components of a Consultancy Agreement typically include; Names and details of the client (the company) and the consultant, A detailed description of the services to be provided by the consultant, including specific tasks, deliverables, and timelines, Information on the consultant’s fees, payment schedule, and any expenses that will be reimbursed by the client, The start date and duration of the agreement, including any provisions for extension or termination, Clauses that protect the confidentiality of sensitive information shared during the consultancy, Provisions regarding the ownership of any intellectual property or work products created during the consultancy, Conditions under which either party can terminate the agreement, including notice periods and any termination fees and Clauses outlining the consultant’s liability for their work and any indemnification provisions.

A Consultancy Agreement provides a clear framework for the consultancy relationship, helping to prevent misunderstandings and disputes by clearly defining the roles, responsibilities, and expectations of both parties.