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Contingency Agreement Template for Ireland

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Key Requirements PROMPT example:

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."

Document background
The Contingency Agreement serves as a vital legal framework for professional service arrangements in Ireland where payment is conditional upon achieving specified outcomes. This document type is commonly used in various professional services contexts, including legal services, consulting, recruitment, and business advisory services. It provides a structured approach to defining success criteria, payment obligations, and service delivery standards while ensuring compliance with Irish legal requirements and professional regulations. The agreement is particularly suitable for situations where service providers are willing to link their compensation to specific achievements or results, offering clients a risk-sharing arrangement. The document includes comprehensive provisions for defining success metrics, calculating fees, and protecting both parties' interests throughout the service delivery period.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



























Clauses





























Relevant Industries

Legal Services

Professional Services

Management Consulting

Business Services

Recruitment

Real Estate

Sales and Marketing

Business Brokerage

Financial Services

Corporate Advisory

Executive Search

Performance Coaching

Relevant Teams

Legal

Commercial

Business Development

Sales

Recruitment

Compliance

Professional Services

Operations

Finance

Risk Management

Relevant Roles

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

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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