Agreement for the Consultants
Consultancy Agreements are used when one party (the Customer) engages another party (the Consultant) to perform specific tasks on their behalf or provide advice in exchange for a specific fee.
What is the difference between a Consultancy Agreement and an Independent Contractors Agreement?
An independent contractors agreement is an contract between a company (usually referred to as the “principal”) and a service entity (usually referred to as the “contractor”) where the contractor agrees to provide a service to the principal for a fee.
The contractor may agree to provide a one-off service for a set fee or continuing services for a pre-determined length of time for fee. An example of a contractor agreement is an agreement between a builder and tradesperson, where the tradesperson is engaged to perform their trade on a building site.
What is a Consulting Services Agreement?
A consulting service agreement is an agreement between a company (usually referred to as the “principal”) and a consultant (usually referred to as the “consultant”). The consultant may be an individual or a company.
The consultant is engaged by the principal and agrees to perform consultancy services to the principal for a fee. The consultant may agree to perform the consultancy services on a one-off basis for a set fee or on a continuing basis either for a pre-determined length of time for a fee or as required for a set fee.
An example of a consultancy agreement is an agreement between a company and an IT consultant, where the IT consultant has expertise in IT services and is engaged by the company to provide those services to the company.
Our Consulting Agreement includes a combination of terms and conditions which can be tailored to comprehensively cover the rights and responsibilities of the contracting parties. They include the consultancy fee and how scheduled payments will be made.
It also covers the reimbursement of expenses between the parties.
Have you entered into an arrangement with a Consultant to perform a service and want to ensure the agreed upon terms and conditions are met?
Don’t have time to write your own comprehensive Agreement?