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Business Advisory Agreement Template for England and Wales

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Key Requirements PROMPT example:

Business Advisory Agreement

"I need a Business Advisory Agreement for my management consulting firm to provide strategic growth advisory services to a tech startup, including quarterly business reviews and monthly progress reports, starting from March 2025."

Document background
The Business Advisory Agreement is essential when engaging professional advisors for business consulting, strategy development, or specialized guidance. This document, governed by English and Welsh law, establishes clear parameters for the advisory relationship, including scope of work, deliverables, compensation, and confidentiality provisions. It's particularly important for protecting both parties' interests, ensuring clear expectations, and providing a framework for dispute resolution. The agreement should be customized based on the specific nature of advisory services, industry requirements, and regulatory considerations.
Suggested Sections

1. Parties: Details of the advisor and client, including registered addresses and company numbers

2. Background: Context of the agreement and brief description of services to be provided

3. Definitions: Key terms used throughout the agreement

4. Scope of Services: Detailed description of advisory services to be provided

5. Term and Termination: Duration of agreement and termination provisions

6. Fees and Payment: Fee structure, payment terms and expenses

7. Confidentiality: Protection of confidential information

8. Liability and Indemnification: Limitation of liability and indemnification provisions

Optional Sections

1. Intellectual Property: IP rights and ownership - include when advisory services involve creation of IP or use of existing IP

2. Non-Compete: Restrictions on competing activities - include when advisor may have access to sensitive market information

3. Force Majeure: Provisions for unforeseen circumstances - include when long-term or critical services are involved

4. Data Protection: Specific data handling provisions - include when personal data processing is involved

Suggested Schedules

1. Schedule 1 - Services Description: Detailed breakdown of services to be provided

2. Schedule 2 - Fee Schedule: Detailed fee structure and payment terms

3. Schedule 3 - Service Levels: Performance metrics and service standards

4. Appendix A - Key Personnel: List of key individuals involved in providing services

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























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Industries

Contract Law Fundamentals: Key legislation includes Common Law principles of contract formation, Contracts (Rights of Third Parties) Act 1999, Unfair Contract Terms Act 1977, and Consumer Rights Act 2015

Service-Related Legislation: Includes the Supply of Goods and Services Act 1982 and the Provision of Services Regulations 2009, governing the basic framework for service provision

Data Protection and Privacy: Covers UK General Data Protection Regulation (UK GDPR), Data Protection Act 2018, and Privacy and Electronic Communications Regulations (PECR)

Financial Services Considerations: Encompasses Financial Services and Markets Act 2000, Financial Services Act 2012, and relevant FCA regulations for regulated activities

Intellectual Property: Includes Copyright, Designs and Patents Act 1988 and Trade Marks Act 1994 for protection of intellectual property rights

Employment/Independent Contractor Status: Covers Employment Rights Act 1996 and IR35 legislation to ensure clear distinction between employment and advisory relationship

Anti-Money Laundering: Includes Proceeds of Crime Act 2002 and Money Laundering Regulations 2017 for compliance with financial crime prevention

Competition Law: Encompasses Competition Act 1998 and Enterprise Act 2002 to ensure compliance with fair competition practices

Professional Indemnity and Liability: Covers Limitation Act 1980 for time limits on claims and professional liability insurance requirements

Alternative Dispute Resolution: Includes Arbitration Act 1996 and Civil Procedure Rules for handling disputes and legal proceedings

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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