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Contingency Agreement
"I need a Contingency Agreement for my management consulting firm based in Dublin, where we'll provide strategic advisory services to a tech startup, with payment contingent on successfully securing Series A funding of at least €2M by December 2025."
1. Parties: Identification of the service provider and client, including full legal names and addresses
2. Background: Context of the agreement and brief description of the services to be provided
3. Definitions: Key terms used throughout the agreement, including definition of 'success' criteria and contingency events
4. Scope of Services: Detailed description of services to be provided by the service provider
5. Success Criteria: Clear definition of what constitutes 'success' triggering the payment obligation
6. Fee Structure: Detailed explanation of how fees will be calculated upon achieving success criteria
7. Payment Terms: Terms and timing of payment once success criteria are met
8. Service Provider's Obligations: Detailed responsibilities and commitments of the service provider
9. Client's Obligations: Responsibilities and commitments of the client
10. Term and Termination: Duration of the agreement and circumstances for early termination
11. Confidentiality: Obligations regarding confidential information
12. Governing Law and Jurisdiction: Specification of Irish law as governing law and jurisdiction
1. Professional Indemnity Insurance: Details of required insurance coverage - include when the service provider is a professional service provider
2. Intellectual Property Rights: Provisions regarding ownership and use of IP - include when services involve creation or use of intellectual property
3. Data Protection: GDPR and data protection compliance - include when personal data will be processed
4. Force Majeure: Provisions for unforeseen circumstances - include for longer-term or high-value agreements
5. Non-Compete: Restrictions on competitive activities - include when protecting business interests is crucial
6. Assignment: Rights to assign the agreement - include for corporate clients or when assignment rights are important
7. Dispute Resolution: Alternative dispute resolution procedures - include for high-value agreements or when specific dispute resolution mechanisms are preferred
1. Schedule 1 - Service Description: Detailed breakdown of services to be provided
2. Schedule 2 - Fee Calculation: Detailed methodology for calculating contingency fees
3. Schedule 3 - Success Criteria Details: Specific metrics and measures that define success
4. Schedule 4 - Required Documentation: List of documents required to evidence achievement of success criteria
5. Appendix A - Key Personnel: List of key personnel involved in providing the services
6. Appendix B - Timeline: Expected timeline or milestones for the services
Authors
Legal Services
Professional Services
Management Consulting
Business Services
Recruitment
Real Estate
Sales and Marketing
Business Brokerage
Financial Services
Corporate Advisory
Executive Search
Performance Coaching
Legal
Commercial
Business Development
Sales
Recruitment
Compliance
Professional Services
Operations
Finance
Risk Management
Legal Counsel
Contract Manager
Business Development Manager
Sales Director
Recruitment Consultant
Management Consultant
Professional Services Director
Business Advisor
Compliance Officer
Commercial Manager
Partner
Associate
Chief Legal Officer
Head of Commercial
Business Development Director
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