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Consulting Fee Agreement
"I need a Consulting Fee Agreement for my IT consulting firm to provide cybersecurity advisory services to a mid-sized financial services company in Sydney, with specific provisions for data protection and professional indemnity insurance."
1. Parties: Identification of the consultant and the client, including full legal names, ABN/ACN, and registered addresses
2. Background: Context of the agreement, including the client's need for consulting services and the consultant's expertise
3. Definitions: Key terms used throughout the agreement defined for clarity and legal certainty
4. Scope of Services: Detailed description of the consulting services to be provided
5. Term: Duration of the agreement, including start date and end date or ongoing arrangements
6. Fees and Payment Terms: Consulting rates, payment schedule, invoicing requirements, and GST provisions
7. Obligations of the Consultant: Key responsibilities, performance standards, and delivery requirements
8. Obligations of the Client: Client's responsibilities, including provision of information and resources
9. Intellectual Property: Ownership and rights to intellectual property created during the engagement
10. Confidentiality: Protection of confidential information and trade secrets
11. Termination: Circumstances and process for ending the agreement
12. Insurance and Liability: Insurance requirements and limitation of liability provisions
13. General Provisions: Standard legal clauses including governing law, notices, and dispute resolution
1. Non-Compete: Restrictions on consultant's ability to work with competitors, used when protecting market position is crucial
2. Non-Solicitation: Prevents solicitation of employees or clients, important for protecting business relationships
3. Equipment and Resources: Details about provision of equipment and resources, needed when specific tools or facilities are required
4. Performance Metrics: Specific KPIs and performance measurement criteria, useful for long-term or complex engagements
5. Subcontracting: Terms for engaging subcontractors, relevant when subcontracting might be needed
6. Travel and Expenses: Rules for reimbursement of travel and other expenses, necessary when travel is involved
7. Data Protection: Specific data handling requirements, important when personal or sensitive data is involved
8. Change Management: Process for managing changes to scope or requirements, useful for complex projects
1. Schedule 1 - Services Description: Detailed breakdown of consulting services, deliverables, and timelines
2. Schedule 2 - Fee Schedule: Detailed fee structure, including rates, payment milestones, and special rates if applicable
3. Schedule 3 - Service Levels: Specific performance standards, response times, and quality metrics
4. Appendix A - Project Timeline: Detailed project schedule and milestones
5. Appendix B - Required Resources: List of resources, tools, or access requirements needed from the client
6. Appendix C - Key Personnel: Details of key team members and their roles in the consulting engagement
Authors
Professional Services
Information Technology
Management Consulting
Financial Services
Healthcare
Education
Manufacturing
Construction
Mining
Energy
Telecommunications
Environmental Services
Non-Profit
Government
Retail
Marketing and Advertising
Legal
Procurement
Finance
Human Resources
Operations
Project Management
Risk and Compliance
Commercial
Business Development
Administration
Chief Executive Officer
Managing Director
Operations Manager
Project Manager
Procurement Manager
Legal Counsel
Contract Manager
Finance Director
Human Resources Director
Department Head
Business Development Manager
Consultant
Independent Contractor
Professional Services Manager
Commercial Manager
Risk Manager
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