Consulting Fee Agreement

Consulting Fee Agreement Template for Malaysia

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Key Requirements PROMPT example:

"I need a Consulting Fee Agreement for my IT company based in Kuala Lumpur, engaging a cybersecurity consultant for a 6-month project starting March 2025, with monthly payments and strict confidentiality provisions."

Document background

The Consulting Fee Agreement is essential for businesses and professionals operating in Malaysia who engage in or provide consulting services. This document is particularly relevant in today's dynamic business environment where specialized expertise is frequently sought through external consultants. The agreement complies with Malaysian legal requirements and typically includes detailed provisions for service scope, fee structures, payment terms, confidentiality, intellectual property rights, and liability limitations. It's designed to protect both parties' interests while ensuring clarity in their professional relationship. The document is adaptable for various consulting arrangements, from individual consultants to large consulting firms, and can be customized based on industry-specific requirements and the complexity of the consulting engagement.

Suggested Sections

1. Parties: Identification of the consultant and the client, including full legal names, registration numbers, and addresses

2. Background: Context of the agreement and brief description of the parties' intention to enter into a consulting relationship

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

4. Scope of Services: Detailed description of consulting services to be provided, including deliverables and expected outcomes

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

6. Fees and Payment Terms: Consulting fees, payment schedule, expenses, and applicable taxes

7. Obligations of the Consultant: Consultant's duties, standards of service, and compliance requirements

8. Obligations of the Client: Client's responsibilities, including provision of information and resources

9. Confidentiality: Protection of confidential information and trade secrets

10. Intellectual Property: Ownership and rights to materials, deliverables, and pre-existing IP

11. Representations and Warranties: Promises and guarantees made by both parties

12. Limitation of Liability: Extent and limitations of parties' liability

13. General Provisions: Standard clauses including notices, entire agreement, governing law, etc.

Optional Sections

1. Non-Compete: Restrictions on consultant's ability to work with competitors - include when protecting market position is crucial

2. Non-Solicitation: Restrictions on hiring other party's employees - include when protecting human resources is important

3. Insurance: Requirements for professional indemnity and other insurance - include for high-risk or regulated industries

4. Data Protection: Specific provisions for handling personal data - include when processing personal information

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

6. Dispute Resolution: Specific procedures for handling disputes - include for high-value or complex arrangements

7. Change Control: Process for managing changes to services - include for complex or evolving projects

8. Service Levels: Specific performance metrics and standards - include when quantifiable deliverables are required

Suggested Schedules

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

2. Schedule 2 - Fee Schedule: Detailed breakdown of fees, rates, payment milestones, and expense categories

3. Schedule 3 - Service Levels: Specific performance metrics, reporting requirements, and quality standards

4. Schedule 4 - Key Personnel: List of key consultants and their roles/qualifications

5. Appendix A - Required Reports: Templates and formats for required reporting

6. Appendix B - Client Policies: Relevant client policies that consultant must comply with

Authors

Alex Denne

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Information Technology

Management Consulting

Financial Services

Healthcare

Manufacturing

Education

Energy

Real Estate

Telecommunications

Professional Services

Construction

Retail

Environmental Services

Human Resources

Digital Transformation

Relevant Teams

Legal

Procurement

Human Resources

Finance

Operations

Risk Management

Compliance

Project Management

Business Development

Strategy

Administration

Relevant Roles

Chief Executive Officer

Legal Counsel

Contract Manager

Procurement Manager

Human Resources Director

Chief Financial Officer

Project Manager

Business Development Manager

Operations Director

Risk Manager

Compliance Officer

Management Consultant

Department Head

Finance Manager

Strategy Director

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Authors

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