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Advisory Services Agreement
"I need an Advisory Services Agreement for a technology consulting firm providing cybersecurity advisory services to a fintech startup, with specific provisions for data protection, access to systems, and clarification that we'll be handling sensitive financial information."
1. Parties: Identifies and defines the parties to the agreement - the Advisory Service Provider and the Client
2. Background: Sets out the context of the agreement and the parties' intentions
3. Definitions: Defines key terms used throughout the agreement
4. Appointment and Scope of Services: Describes the engagement of the advisor and detailed scope of advisory services to be provided
5. Term and Termination: Specifies the duration of the agreement and circumstances for termination
6. Fees and Payment Terms: Details the compensation structure, payment schedule, and invoicing procedures
7. Obligations of the Advisor: Sets out the advisor's duties, standards of service, and professional commitments
8. Client Obligations: Defines the client's responsibilities and commitments to enable service delivery
9. Confidentiality: Establishes confidentiality obligations for both parties
10. Intellectual Property: Addresses ownership and usage rights of any IP created during the engagement
11. Data Protection: Ensures GDPR compliance and establishes data handling procedures
12. Liability and Indemnification: Sets out liability limitations and indemnification obligations
13. Insurance: Specifies required insurance coverage for the advisor
14. Force Majeure: Addresses circumstances beyond parties' control affecting performance
15. General Provisions: Contains standard boilerplate clauses including notices, assignment, and governing law
1. Non-Compete: Include when advisor should be restricted from working with competitors
2. Service Levels: Include for complex engagements requiring specific performance metrics
3. Compliance with Laws: Include when advisory services involve regulated activities or specific compliance requirements
4. Security Requirements: Include when advisor needs access to client systems or sensitive information
5. Change Control: Include for long-term engagements where scope changes are likely
6. Key Personnel: Include when specific individuals are critical to service delivery
7. Dispute Resolution: Include when parties want specific dispute resolution procedures beyond court litigation
8. Anti-Bribery and Corruption: Include for international engagements or when required by client policy
1. Schedule 1 - Services Description: Detailed description of advisory services, deliverables, and methodology
2. Schedule 2 - Fee Schedule: Detailed breakdown of fees, expenses, and payment terms
3. Schedule 3 - Service Levels: Specific performance metrics and service level requirements if applicable
4. Schedule 4 - Key Personnel: Details of key team members and their roles if applicable
5. Appendix A - Data Processing Agreement: Required under GDPR if personal data processing is involved
6. Appendix B - Information Security Requirements: Specific security protocols and requirements if applicable
Authors
Financial Services
Technology
Healthcare
Professional Services
Manufacturing
Real Estate
Education
Retail
Energy
Telecommunications
Construction
Environmental Services
Non-Profit
Transportation
Media and Entertainment
Legal
Procurement
Finance
Operations
Risk and Compliance
Human Resources
Strategy
Business Development
Project Management Office
Executive Leadership
Administrative
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Procurement Manager
Operations Director
Project Manager
Business Development Manager
Risk Manager
Compliance Officer
Human Resources Director
Strategy Director
Department Head
Management Consultant
Professional Advisor
Contract Manager
Finance Manager
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