Document background
The Advisory Engagement Letter is a crucial document used in professional services contexts in Ireland to formalize advisory relationships between service providers and their clients. It serves as both a formal appointment letter and a binding agreement, incorporating essential terms required under Irish law and regulatory frameworks. This document should be used whenever a professional firm begins a new advisory engagement with a client, whether for management consulting, financial advisory, strategic planning, or other professional services. The letter typically includes detailed scope of services, fee arrangements, liability provisions, data protection commitments under GDPR, and specific terms required by Irish regulatory bodies. It provides legal protection for both parties while establishing clear expectations and deliverables for the engagement.
