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1) Does the agreement include a detailed description of the services the consultant will be expected to provide? 2) Does the agreement identify the frequency of events and length of each event? 3) Does the description of services support bona fide education and product development efforts?
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The consultancy agreement is made between the company and consultant. It outlines the scope of work to be performed by them and other terms and conditions related to their appointment in the company. It is a kind of service agreement only.
Consultancy firms are hired to help their clients with a dilemma, for which specialist expertise or knowledge is needed which is otherwise lacking on the clients' end.
In a nutshell, consultants provide expert opinions, analysis, and recommendations to organizations or individuals, based on their own expertise. They're essentially fixers, serving as objective troubleshooters, and providing strategies to prevent problems and improve performance.