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The Project Based Consulting Agreement is essential for businesses and organizations operating in Hong Kong that require specialized expertise for specific projects or initiatives. This document is designed to comply with Hong Kong's legal framework while protecting both parties' interests in a consulting relationship. It is particularly useful when engaging external expertise for defined projects with clear deliverables and timelines, as opposed to ongoing consulting arrangements. The agreement covers crucial elements including scope definition, project milestones, payment structures, intellectual property rights, and confidentiality obligations, all within the context of Hong Kong's business environment and legal system. It's commonly used across various industries when seeking professional consulting services for specific initiatives, transformations, or specialized projects.

1. Parties: Identification of the consulting party and the client, including full legal names and registered addresses

2. Background: Context of the agreement and brief description of the client's needs and consultant's expertise

3. Definitions: Key terms used throughout the agreement defined for clarity and consistency

4. Scope of Services: Detailed description of the consulting services to be provided, including project objectives and deliverables

5. Term and Timeline: Duration of the agreement and key project milestones

6. Consultant's Obligations: Key responsibilities and commitments of the consultant, including quality standards and reporting requirements

7. Client's Obligations: Client's responsibilities, including provision of necessary information and resources

8. Fees and Payment Terms: Consulting fees, payment schedule, expenses, and invoicing procedures

9. Intellectual Property Rights: Ownership and rights to work product, pre-existing IP, and licensed materials

10. Confidentiality: Protection of confidential information and trade secrets

11. Data Protection: Compliance with Hong Kong's Personal Data (Privacy) Ordinance and data handling procedures

12. Termination: Grounds for termination, notice requirements, and consequences of termination

13. Dispute Resolution: Process for resolving disputes, including jurisdiction and governing law

14. General Provisions: Standard legal provisions including notices, amendments, waiver, and severability