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A consultancy agreement is a legal contract between a consultant and a client that outlines the terms and conditions of the consultancy services to be provided.
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Defines the scope of consultancy services and deliverables.
Sets out payment terms, project timelines, and milestones.
Clarifies the responsibilities and obligations of both parties.
Protects intellectual property rights and confidentiality.
Provides a basis for dispute resolution and legal protection.
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A consultancy agreement is a contract between a consultant or independent contractor and a client that defines the terms and conditions of the consulting services being provided. It covers aspects such as scope of work, compensation, deliverables, confidentiality, termination provisions, and any other specific terms relevant to the consultancy arrangement.
A consultancy agreement establishes the terms and conditions of the consultancy services to be provided, protecting the interests of both the consultant and the client.
A consultancy agreement should include provisions on the scope of services, payment terms, project timelines, confidentiality, intellectual property rights, termination conditions, and dispute resolution mechanisms.
While not always mandatory, having a written consultancy agreement is advisable as it ensures clarity and reduces the risk of misunderstandings or disputes.