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Advisory Services Contract Template for India

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Key Requirements PROMPT example:

Advisory Services Contract

"I need an Advisory Services Contract for engaging a cybersecurity consulting firm to provide IT security assessments and recommendations for our fintech startup in India, with strict confidentiality provisions and clear deliverables starting March 2025."

Document background
The Advisory Services Contract serves as a crucial legal framework for establishing professional advisory relationships in India. This document is essential when engaging external consultants, advisors, or professional service firms to provide specialized expertise, guidance, or consulting services. It ensures compliance with Indian legislation, including the Indian Contract Act, 1872, GST laws, and relevant industry regulations. The contract typically details service scope, deliverables, payment terms, confidentiality obligations, intellectual property rights, and liability limitations. It's particularly important for protecting both parties' interests while maintaining professional standards and regulatory compliance in the Indian business environment.
Suggested Sections

1. Parties: Identification and details of the advisor and the client, including registered addresses and company registration numbers

2. Background: Context of the agreement and brief description of the parties' business relationship

3. Definitions: Definitions of key terms used throughout the agreement

4. Scope of Services: Detailed description of the advisory services to be provided

5. Term and Termination: Duration of the agreement and conditions for termination

6. Fees and Payment Terms: Compensation structure, payment schedule, and expenses

7. Obligations of the Advisor: Duties, responsibilities, and service standards of the advisor

8. Obligations of the Client: Client's responsibilities, including provision of information and cooperation

9. Confidentiality: Protection of confidential information and trade secrets

10. Intellectual Property Rights: Ownership and usage rights of materials and deliverables

11. Representations and Warranties: Basic warranties about capacity to contract and service quality

12. Limitation of Liability: Caps on liability and exclusions of certain types of damages

13. Force Majeure: Provisions for unforeseen circumstances affecting performance

14. Governing Law and Jurisdiction: Applicable law and courts for dispute resolution

15. General Provisions: Standard boilerplate clauses including notices, assignment, and severability

Optional Sections

1. Non-Compete: Restrictions on competitive activities, used when advisor has access to sensitive business information

2. Data Protection: Specific provisions for handling personal data, required when processing sensitive information

3. Insurance: Requirements for professional indemnity insurance, relevant for high-risk advisory services

4. Key Personnel: Identification of specific individuals responsible for service delivery, important for specialized services

5. Compliance with Laws: Specific regulatory compliance requirements, necessary for regulated industries

6. Audit Rights: Client's right to audit advisor's work, relevant for financial or compliance advisory

7. Service Levels: Specific performance metrics and standards, useful for ongoing advisory relationships

8. Change Control: Process for modifying scope or services, important for long-term or complex engagements

Suggested Schedules

1. Schedule A - Scope of Services: Detailed breakdown of services, deliverables, and timelines

2. Schedule B - Fee Schedule: Detailed fee structure, rates, and payment terms

3. Schedule C - Key Personnel: List of key team members and their roles

4. Schedule D - Service Levels: Detailed performance metrics and measurement criteria

5. Appendix 1 - Required Reports: Format and content requirements for advisory reports

6. Appendix 2 - Client Policies: Relevant client policies that advisor must comply with

7. Appendix 3 - Compliance Requirements: Specific regulatory or industry compliance requirements

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

Financial Services

Information Technology

Healthcare

Education

Manufacturing

Real Estate

Energy

Telecommunications

Professional Services

Retail

Government

Non-Profit

Construction

Environmental Services

Media and Entertainment

Relevant Teams

Legal

Procurement

Finance

Compliance

Risk Management

Operations

Business Development

Project Management

Human Resources

Strategic Planning

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Legal Counsel

Procurement Manager

Contract Manager

Business Development Manager

Project Manager

Management Consultant

Financial Advisor

Strategic Planning Director

Operations Manager

Compliance Officer

Risk Manager

Department Head

Human Resources 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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