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Consultancy Agreement Between Two Companies Template for India

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Key Requirements PROMPT example:

Consultancy Agreement Between Two Companies

"I need a Consultancy Agreement Between Two Companies under Indian law for my IT services firm to provide digital transformation consulting to a manufacturing company, including provisions for data protection and intellectual property rights, with the agreement starting from March 2025."

Document background
The Consultancy Agreement Between Two Companies is a vital legal instrument used in the Indian business environment when one company wishes to engage another for professional consulting services. This document is essential for businesses seeking to formalize consulting arrangements while ensuring compliance with Indian legal requirements, including the Indian Contract Act, 1872, and relevant corporate laws. It is particularly relevant in today's business landscape where companies frequently engage external expertise for specialized projects, strategic initiatives, or technical support. The agreement comprehensively covers service scope, deliverables, commercial terms, confidentiality, intellectual property rights, and dispute resolution mechanisms, providing a robust framework for managing the consulting relationship while protecting both parties' interests under Indian jurisdiction.
Suggested Sections

1. Parties: Identification and details of the consulting company and the client company

2. Background: Context of the agreement and brief description of both companies' business activities

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

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

5. Term and Timeline: Duration of the agreement and key milestone dates

6. Fees and Payment Terms: Consulting fees, payment schedule, expenses, and invoicing procedures

7. Obligations of the Consultant: Responsibilities and commitments of the consulting company

8. Obligations of the Client: Responsibilities and commitments of the client company

9. Confidentiality: Provisions for handling confidential information

10. Intellectual Property Rights: Ownership and rights related to deliverables and pre-existing IP

11. Representations and Warranties: Standard warranties and representations by both parties

12. Limitation of Liability: Limits on liability and indemnification provisions

13. Termination: Conditions and procedures for ending the agreement

14. Governing Law and Jurisdiction: Applicable law and jurisdiction 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 sensitive industry knowledge is involved

2. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in long-term engagements

3. Insurance: Insurance requirements, typically included for high-risk or regulated industry consultancy

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

5. Data Protection: Specific data handling and privacy provisions, required when personal data is processed

6. Anti-Corruption: Anti-bribery and corruption provisions, important for international engagements

7. Subcontracting: Terms for engaging subcontractors, used when subcontracting is anticipated

8. Change Control: Procedures for managing changes to scope or deliverables, useful for complex projects

Suggested Schedules

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

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

3. Schedule C - Service Levels: Performance metrics and service level requirements

4. Schedule D - Key Personnel: Details of key team members and their roles

5. Schedule E - Timeline: Detailed project timeline and milestone dates

6. Appendix 1 - Confidentiality Agreement: Detailed confidentiality terms and procedures

7. Appendix 2 - Compliance Requirements: Specific regulatory or industry compliance requirements

8. Appendix 3 - Required Forms: Standard forms and templates to be used during the engagement

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

Information Technology

Management Consulting

Financial Services

Healthcare

Manufacturing

Education

Telecommunications

Real Estate

Energy and Utilities

Professional Services

Engineering

Digital Transformation

Business Process Outsourcing

Research and Development

Environmental Consulting

Relevant Teams

Legal

Procurement

Finance

Operations

Project Management

Business Development

Risk and Compliance

Commercial

Senior Management

Human Resources

Contract Administration

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Legal Counsel

Procurement Manager

Project Manager

Contract Manager

Business Development Manager

Operations Director

Department Head

Consulting Director

Managing Partner

Chief Operating Officer

Commercial Manager

Risk Manager

Compliance Officer

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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