Sample Corporate Consulting Agreement between FSI and Thomas C. Pritchard
What is this form?
This Sample Corporate Consulting Agreement outlines the relationship between a company and a consultant, detailing the terms under which consulting services will be provided. Unlike other contracts, this specific agreement includes compensation in shares of stock, making it particularly relevant in corporate settings, especially for public companies. It is essential for formalizing the engagement to ensure clarity on responsibilities, compensation, and legal standings.
Key components of this form
- Engagement: Specifies the consultant's role as an independent contractor providing legal services.
- Compensation: Details the payment structure through stock issuance, specifically 266,666 shares of common stock.
- Status Reports: Outlines the consultant's obligation to provide written updates on sales of common stock if requested by the company.
- Term: Defines the duration of the agreement, which lasts for six months from the date of signing.
- Miscellaneous Provisions: Covers assignment rights, applicable law (Texas), and the complete agreement clause.
When to use this document
This Consulting Agreement should be used when a company engages a consultant to provide specific services, especially in a public corporation transaction. It is particularly important when the compensation for services includes equity in the company, ensuring legal compliance and clarity for both parties involved.
Who can use this document
- Corporations seeking professional consulting services.
- Consultants looking to formalize their working relationship with a corporate entity.
- Legal departments ensuring compliance in consulting engagements.
- Business owners needing clear terms for service agreements.
Instructions for completing this form
- Identify the parties: Fill in the full legal names of the company and the consultant.
- Define the engagement: Clearly state the services the consultant will provide.
- Specify compensation: Include the number of shares and reference any related registration statements.
- Set the term: Indicate the start date and the duration of the contract.
- Gather signatures: Ensure both parties sign and date the agreement to finalize it.
Notarization guidance
In most cases, this form does not require notarization. However, some jurisdictions or signing circumstances might. US Legal Forms offers online notarization powered by Notarize, accessible 24/7 for a quick, remote process.
Get your form ready online
Our built-in tools help you complete, sign, share, and store your documents in one place.
Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Mistakes to watch out for
- Not clearly defining the scope of services, leading to misunderstandings.
- Failing to specify the compensation agreement, particularly related to stock issuance.
- Not including both parties' signatures, which is essential for enforceability.
- Overlooking state-specific legal requirements that may affect contract validity.
Benefits of using this form online
- Convenience of downloading and filling out the form at any time.
- Editability allows for customization to meet specific needs.
- Access to forms drafted by licensed attorneys ensures legal soundness.
- Quick and easy retrieval of documents without the need for physical storage.
Looking for another form?
Form popularity
FAQ
Full names and titles of the people with whom you're doing business. Be sure they're all spelled correctly. Project objectives. Detailed description of the project. List of responsibilities. Fees. Timeline. Page numbers.
Full names and titles of the people with whom you're doing business. Be sure they're all spelled correctly. Project objectives. Detailed description of the project. List of responsibilities. Fees. Timeline. Page numbers.
The market rate is the average price and range of pricing a typical customer will pay for your type of consulting service. If the average business consultant charges and receives $100 per hour, than the market rate is likely between $50 to $150 per hour.
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.
Consultant agreements are important because they outline what work will be done, as well as the terms of the agreement between the client and the consultant. A consultant agreement should be detailed and include compensation terms, contract termination, intellectual property ownership and confidentiality agreements.
To calculate your consulting hourly rate, determine what salary you'd like to make. Take that number and divide it by 52 (number of working weeks), then again by 40 (number of hours in each week). And finfally, take that number and mark it up by 25 to 50 percent.
Protect yourself: Put your guidelines in writing -- and stick by them. Have a very clear discussion laying out your professional boundaries and ask your client to do the same. Come to an understanding about working hours and response times and agree on how you will schedule calls, meetings, and Skype sessions.
