Consultancy Agreement is a contract for service between an independent (a self-employed individual) and the client company for the provision of consultancy services.
Both the Independent contractor and the person engaging the Independent Contractor’s information should be provided in this agreement, along with their principal place of business.
Why should I use a Consulting Agreement?
A consultant may use an agreement to protect his or her interests and ensure he or she gets paid by the customer by outlining a formal written agreement of the services being provided.
A customer may choose to use a Consulting Agreement when hiring a contractor to protect company information through non-disclosure clauses.
What is included in a Consulting Agreement?
Customer and Service Provider
The consulting contract contains basic contact information for both the customer and service provider.
Services Provided
A clear description of the services provided by the consultant is included in the contract, including the duration of the agreement.
Compensation
The contract includes terms about how much and when the customer will pay the contractor in exchange for his or her services.
Confidentiality, Non-solicitation, and non-competition
The Consulting Agreement contains provisions about confidentiality. These terms help to prevent a consultant from disclosing sensitive material about the customer or company, such as trade secrets, client lists, marketing campaigns and more, for a designated period of time.
It also addresses non-solicitation and non-competition terms, whereby the consultant is restricted from competing unfairly or soliciting business from the customer.
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