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The consulting agreement is an agreement between a consultant and a client who wishes to retain certain specified services of the consultant for a specified time at a specified rate of compensation.
Consultancy agreements usually contain clauses covering the following:Duration of contract.Services to be provided.Duties of the consultant.Fees and payment terms.Supply of equipment.Substitution.Tax and NICs.Liability.More items...
A contract for services between an independent contractor (a self-employed individual) and the client company for the provision of consultancy services.
A consultancy agreement is a contract setting out the terms and conditions of an arrangement between a self-employed person (consultant) and a customer requiring the consultant's services.
You may have noticed already that consulting is a type of service. So, put simply, a consultancy agreement is a type of services agreement, specifically tailored between an outside consultant who provides business strategy advice to a client (the business owner).