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Business Advisor Agreement
"I need a Business Advisor Agreement for engaging a technology strategy consultant to help with our company's digital transformation starting March 2025, including specific provisions for data protection and intellectual property rights for any technological solutions developed."
1. Parties: Identification of the client and the business advisor, including full legal names, addresses, and registration details
2. Background: Context of the agreement and brief description of the parties' intention to enter into an advisory relationship
3. Definitions: Key terms used throughout the agreement and their specific meanings
4. Scope of Services: Detailed description of the advisory services to be provided, including specific deliverables and expectations
5. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination by either party
6. Fees and Payment Terms: Compensation structure, payment schedule, expenses, and invoicing procedures
7. Obligations of the Advisor: Specific duties, responsibilities, and standard of care required from the advisor
8. Obligations of the Client: Client's responsibilities, including provision of information and cooperation requirements
9. Confidentiality: Obligations regarding confidential information, trade secrets, and data protection
10. Intellectual Property: Ownership and usage rights of any IP created during the advisory relationship
11. Liability and Indemnification: Limitations of liability, indemnification obligations, and professional insurance requirements
12. General Provisions: Standard clauses including governing law, jurisdiction, entire agreement, and amendments
1. Non-Competition: Restrictions on advisor's activities with competing businesses, used when advisor has access to sensitive competitive information
2. Non-Solicitation: Restrictions on approaching clients or employees, included when advisor has significant client contact
3. Performance Metrics: Specific KPIs or performance standards, used when engagement includes measurable objectives
4. Regulatory Compliance: Specific regulatory obligations, included when advisory services relate to regulated activities
5. Force Majeure: Provisions for unforeseen circumstances, particularly relevant for long-term engagements
6. Insurance: Specific insurance requirements, included when advisory services carry significant risks
7. Assignment and Subcontracting: Rights to transfer obligations or use subcontractors, included for larger advisory firms
8. Data Protection: Detailed FADP compliance provisions, required when processing personal data is significant part of services
1. Schedule A - Scope of Services: Detailed breakdown of specific advisory services, methodologies, and deliverables
2. Schedule B - Fee Schedule: Detailed fee structure, rates, payment terms, and expense policies
3. Schedule C - Key Personnel: List of key advisor personnel assigned to the engagement and their roles
4. Schedule D - Service Levels: Specific performance standards, response times, and quality metrics
5. Schedule E - Compliance Requirements: Specific regulatory or industry compliance requirements applicable to the services
6. Appendix 1 - Confidentiality Agreement: Detailed confidentiality terms and procedures
7. Appendix 2 - Data Processing Agreement: Specific terms for handling personal and sensitive data
8. Appendix 3 - Required Forms and Reports: Templates for reports, invoices, and other required documentation
Authors
Financial Services
Technology
Manufacturing
Professional Services
Healthcare
Real Estate
Retail
Telecommunications
Energy
Transportation
Education
Hospitality
Construction
Agriculture
Pharmaceuticals
Media and Entertainment
Legal
Finance
Procurement
Compliance
Risk Management
Corporate Development
Strategy
Operations
Business Development
Executive Leadership
Project Management Office
Investment
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Business Development Manager
Management Consultant
Strategy Advisor
Operations Director
Procurement Manager
Risk Manager
Compliance Officer
Business Analyst
Project Manager
Corporate Development Officer
Investment Advisor
Board Member
General Counsel
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