Document background
The Advisory Services Engagement Letter is a crucial document used to formally establish and define the professional relationship between an advisor and their client in India. It serves as the primary contract document outlining the scope of services, deliverables, fees, and terms of engagement. This document is essential when professional advisory services are being provided, whether in finance, strategy, technology, or other specialized fields. The letter must comply with Indian legal requirements, particularly the Indian Contract Act, 1872, and incorporate necessary protections for both parties. It typically includes detailed service descriptions, fee structures, confidentiality provisions, liability limitations, and dispute resolution mechanisms. The engagement letter is particularly important in the Indian context where professional services are increasingly scrutinized for regulatory compliance and clear documentation of terms is essential for both legal and tax purposes.
