Consulting Agreement
About this form
The Consulting Agreement is a legal document that establishes a relationship between a company and a consultant. It outlines the terms under which the consultant will provide specific services to the company. This form is essential for defining responsibilities, compensation, confidentiality, and other important details, ensuring clarity and protection for both parties involved in the consulting arrangement. Unlike other agreements, this document focuses on the consultant's role and the nature of the consulting services provided.
Main sections of this form
- Parties involved: Identifies the company and consultant entering the agreement.
- Services: Details the specific services the consultant will provide.
- Compensation: Specifies the consulting fee and expense reimbursement process.
- Confidentiality: Protects sensitive information shared during the consulting relationship.
- Non-competition: Prevents the consultant from engaging in competing activities during and after the term.
- Termination: Outlines conditions under which the agreement may be terminated by either party.
When to use this form
This Consulting Agreement should be used when a company hires a consultant to provide specialized advice or services. Typical scenarios include engaging a marketing expert, hiring a financial advisor, or involving a legal consultant. It is particularly helpful in formalizing the relationship and ensuring all details are explicitly stated to avoid misunderstandings.
Who needs this form
- Businesses hiring independent consultants for project-based work.
- Consultants seeking to clarify their roles and compensation structures with clients.
- Companies looking to protect proprietary information shared with external advisors.
- Organizations aiming to set clear boundaries and expectations regarding service delivery.
Completing this form step by step
- Identify the parties by entering the names and information of the company and the consultant.
- Specify the effective date and term of employment for the consulting services.
- Detail the consulting fee and any reimbursement policies for expenses.
- Include any non-competition and confidentiality stipulations relevant to the work.
- Obtain signatures from both parties to validate the agreement.
Does this document require notarization?
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.
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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
- Failing to clearly define the services provided by the consultant.
- Not specifying the term and conditions for termination of the agreement.
- Omitting confidentiality and non-competition clauses to protect company interests.
- Neglecting to adequately document compensation and reimbursement arrangements.
Why use this form online
- Convenient access to a legally vetted form for immediate use.
- Editability allows for customization to fit your specific situation.
- Reliability supported by licensed attorneys ensuring compliance with legal standards.
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FAQ
Track Your Hours. It's common in the consulting industry for businesses to charge clients by the hour. Include A Header. Add Your Client's Contact Details. Include The Invoice Date. Number Your Invoices. Clearly List Your Services. State Your Payment Terms. List the Payment Due Date.
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 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.
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.
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.
Determine your hourly rate based on your experience and industry standards. If you're just starting a consulting business, the best way to determine your rate is to divide your former salary by 52 work weeks and then divide that number by 40 (the number of work hours in a week).
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.
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.
A consulting agreement is a contractual document that describes a working relationship between a business and a consultant providing that company with their services. Other terms that are used to refer to a consulting agreement include:Independent contractor agreement. Freelance agreement. Consulting contract.
