When should the engagement letter be sent and signed? The audit engagement letter should be sent after verbal confirmation of the appointment of you as the auditor and ideally signed before the start of any audit work.
Ask if your goals are realistic? What are your options? What does the attorney recommend that you do? What more information is needed beyond what you have supplied? Based on the attorney's experience, what is the probable outcome? What strategy would the attorney employ? What is the process?
While a proposal is focused on showcasing your services and convincing a client to engage with your firm, an engagement letter is a legal document that sets the terms of the agreement, including the scope of work and other contractual terms.
Lawyers apply the law to specific cases. They investigate the facts and the evidence by conferring with their clients and reviewing documents, and they prepare and file the pleadings in court. At the trial, they introduce evidence, interrogate witnesses, and argue questions of law and fact.
For an engagement letter to be binding, there must be agreement to the terms on both sides. The engagement letter is drafted and, in most cases, signed by the firm, therefore there is clear evidence of the agreement of the contents of the letter on the firm's side.
An engagement letter is drafted by the company rendering the service, often with the help of a lawyer. It is than presented to the client, and both parties must sign in order for it to be legally binding.
An engagement letter is a written agreement that describes the business relationship to be entered into by a client and a company. The letter details the scope of the agreement, its terms, and costs. The purpose of an engagement letter is to set expectations on both sides of the agreement.