Document background
The Engagement Confirmation Letter is a crucial document in Hong Kong's professional services landscape, used to formalize the relationship between service providers and their clients. It is typically issued after initial discussions and agreement on key terms, but before the commencement of substantive work. The document serves multiple purposes: it confirms the engagement terms, ensures compliance with Hong Kong regulatory requirements (including anti-money laundering regulations), and provides a clear reference point for both parties throughout the engagement. The letter includes essential information such as scope of work, fees, team structure, timelines, and deliverables, while incorporating necessary legal and regulatory provisions specific to Hong Kong. Professional services firms use this type of document to protect their interests while providing clarity to clients about what they can expect from the engagement.
