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Business Advisory Agreement Template for India

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Key Requirements PROMPT example:

Business Advisory Agreement

"I need a Business Advisory Agreement for a technology startup seeking strategic growth consulting services from January 2025, with specific focus on Series A fundraising preparation and international market expansion guidance."

Document background
The Business Advisory Agreement serves as a crucial legal framework for professional advisory relationships in India, typically used when a company or organization seeks specialized business guidance, strategic planning, or expert consultation. This document is essential in the Indian business environment where professional advisory services are increasingly in demand across various sectors. The agreement ensures compliance with Indian contract law while protecting both parties' interests through clear delineation of services, confidentiality provisions, and commercial terms. It is particularly relevant in today's complex business landscape where companies require external expertise for growth, operational efficiency, and market expansion. The document addresses key aspects such as scope of services, compensation, intellectual property rights, and liability limitations, while incorporating specific provisions required under Indian jurisdiction.
Suggested Sections

1. Parties: Identifies and provides full legal details of the advisor and the client

2. Background: Sets out the context of the agreement and the parties' intentions

3. Definitions: Defines key terms used throughout the agreement for clarity and consistency

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

5. Term and Termination: Duration of the agreement and conditions for termination

6. Fees and Payment Terms: Compensation structure, payment schedule, and related terms

7. Obligations of the Advisor: Duties, responsibilities, and standard of service expected from the advisor

8. Obligations of the Client: Client's responsibilities, including providing information and cooperation

9. Confidentiality: Provisions for protecting confidential information shared during the engagement

10. Intellectual Property Rights: Ownership and usage rights of materials and deliverables

11. Limitation of Liability: Caps on liability and exclusions of certain types of damages

12. Force Majeure: Provisions for handling events beyond parties' reasonable control

13. Governing Law and Jurisdiction: Specifies Indian law as governing law and sets jurisdiction for disputes

14. Notices: Process and requirements for formal communications between parties

15. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments

Optional Sections

1. Non-Competition: Restrictions on advisor's ability to work with competing businesses - used when sensitive industry knowledge is involved

2. Non-Solicitation: Prevents parties from hiring each other's employees - relevant for longer-term engagements

3. Insurance: Requirements for professional indemnity insurance - important for high-value advisory services

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

5. Compliance with Anti-Corruption Laws: Additional compliance requirements - important for international clients or regulated industries

6. Subcontracting: Terms for engaging subcontractors - relevant when advisor may need to delegate work

7. Performance Metrics: Specific KPIs or success metrics - useful for performance-based arrangements

8. Exit Assistance: Provisions for transition support - important for complex, long-term engagements

Suggested Schedules

1. Schedule 1 - Scope of Services: Detailed breakdown of services, deliverables, and timelines

2. Schedule 2 - Fee Schedule: Detailed fee structure, rates, and payment milestones

3. Schedule 3 - Key Personnel: List of key team members and their roles in providing the services

4. Schedule 4 - Service Levels: Specific performance standards and response times if applicable

5. Schedule 5 - Client Materials: List of information and resources to be provided by the client

6. Appendix A - Reporting Requirements: Format and frequency of progress reports and updates

7. Appendix B - Compliance Requirements: Specific regulatory or industry compliance requirements

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






























Clauses







































Relevant Industries

Professional Services

Management Consulting

Financial Services

Technology

Manufacturing

Retail

Healthcare

Education

Real Estate

Energy

Telecommunications

Infrastructure

E-commerce

Hospitality

Agriculture

Automotive

Relevant Teams

Legal

Finance

Procurement

Operations

Strategy

Business Development

Risk and Compliance

Corporate Affairs

Executive Leadership

Administrative

Company Secretarial

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Managing Director

Business Development Manager

Legal Counsel

Procurement Manager

Operations Director

Strategy Manager

Company Secretary

Finance Director

Business Owner

Startup Founder

General Counsel

Contract Manager

Risk Manager

Compliance Officer

Industries








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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