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Agreement Of Engagement
"I need an Agreement of Engagement for hiring a technology consulting firm based in Bangalore to provide software development services for our fintech startup, with the engagement starting from March 2025 and including strong IP protection clauses."
1. Parties: Identification and details of the engaging entity and the engaged party
2. Background: Context of the engagement and brief description of the parties' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Scope of Engagement: Detailed description of services/work to be performed
5. Term and Termination: Duration of engagement and conditions for termination
6. Compensation and Payment Terms: Details of fees, expenses, and payment schedule
7. Obligations of Engaged Party: Key responsibilities and deliverables
8. Obligations of Engaging Party: Support, resources, and information to be provided
9. Confidentiality: Protection of confidential information and trade secrets
10. Intellectual Property Rights: Ownership and rights over work products and pre-existing IP
11. Representations and Warranties: Standard assurances from both parties
12. Indemnification: Protection against third-party claims and damages
13. Governing Law and Jurisdiction: Applicable law and courts for dispute resolution
14. Notices: Communication protocol and contact details
15. General Provisions: Standard boilerplate clauses including severability, entire agreement, etc.
1. Non-Compete: Restrictions on competitive activities, include when engaging independent contractors or consultants
2. Non-Solicitation: Restrictions on soliciting employees/clients, relevant for professional services
3. Insurance: Insurance requirements, include when services involve risks or regulatory requirements
4. Performance Metrics: KPIs and performance standards, include for result-oriented engagements
5. Force Majeure: Provisions for unforeseen circumstances, particularly relevant post-COVID
6. Assignment: Rights to transfer obligations, include for long-term or complex engagements
7. Compliance with Laws: Specific regulatory compliance requirements, include for regulated industries
8. Data Protection: Data handling and privacy provisions, include when personal data is involved
1. Schedule 1 - Scope of Services: Detailed description of services/deliverables
2. Schedule 2 - Fee Schedule: Detailed breakdown of fees, rates, and payment terms
3. Schedule 3 - Service Levels: Performance standards and metrics
4. Schedule 4 - Key Personnel: Details of key team members and their roles
5. Appendix A - Confidential Information: Specific items considered confidential
6. Appendix B - Required Insurances: Details of insurance types and coverage amounts
7. Appendix C - Compliance Requirements: Specific regulatory or compliance requirements
8. Appendix D - Equipment and Resources: List of tools, equipment, or resources to be provided
Authors
Information Technology
Professional Services
Management Consulting
Creative Industries
Engineering Services
Healthcare Services
Education and Training
Financial Services
Marketing and Advertising
Construction
Research and Development
Media and Entertainment
Legal
Human Resources
Procurement
Operations
Finance
Compliance
Business Development
Administration
Project Management Office
Risk Management
Legal Counsel
HR Manager
Procurement Manager
Project Manager
Operations Director
Finance Manager
Compliance Officer
Contract Administrator
Business Development Manager
Department Head
Managing Director
Chief Financial Officer
Chief Operating Officer
Resource Manager
Talent Acquisition Manager
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