A Consultancy Agreement establishes the rights and obligations between the employer and the consultant. It usually covers the parties involved, rights & obligations, non-disclosure, fee, payment terms and duration. It minimizes the risk of disputes. Further, a consultancy agreement will be mostly assignment oriented rather than a standard template.
Benefits of Consultancy Agreement
Moderates the Engagement
A consultancy agreement outlines roles and responsibilities of both parties and this minimizes the risk of disputes arising in the future.
Having a written description of the services to be delivered will detail the outcome of the performance preventing dissatisfaction at the client’s end.
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