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Consultancy Partnership Agreement for India

Consultancy Partnership Agreement Template for India

A comprehensive legal agreement governed by Indian law that establishes and regulates a partnership between professional consultants or consulting entities. The document outlines the terms and conditions for joint consulting operations, including partnership structure, profit sharing, service delivery mechanisms, and operational procedures. It incorporates provisions from the Indian Partnership Act, 1932, and relevant professional services regulations, while addressing modern consulting business requirements such as intellectual property protection, digital service delivery, and professional liability considerations.

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What is a Consultancy Partnership Agreement?

The Consultancy Partnership Agreement serves as a foundational document for professionals or consulting entities looking to formalize their collaboration under Indian law. It is particularly relevant when two or more consultants wish to combine their expertise, resources, and client networks to create a more robust service offering. The agreement addresses crucial aspects such as profit sharing, operational management, client engagement protocols, and professional liability, while ensuring compliance with the Indian Partnership Act, 1932, and related regulations. This document is essential for protecting partners' interests, establishing clear governance structures, and creating a sustainable framework for joint consulting operations. It includes specific provisions for service delivery standards, intellectual property rights, confidentiality obligations, and dispute resolution mechanisms tailored to the consulting industry.

What sections should be included in a Consultancy Partnership Agreement?

1. Parties: Identification of all partners entering the consultancy partnership, including their full legal names, addresses, and professional qualifications

2. Background: Context of the partnership formation, business objectives, and general intent of the parties

3. Definitions: Key terms used throughout the agreement, including technical and business-specific terminology

4. Partnership Structure: Legal form of partnership, profit-sharing ratios, capital contributions, and management structure

5. Scope of Services: Detailed description of consulting services to be offered by the partnership

6. Rights and Obligations of Partners: Individual and collective responsibilities, decision-making powers, and operational duties

7. Financial Arrangements: Capital contributions, profit/loss sharing, drawing rights, and accounting procedures

8. Client Engagement: Process for accepting client work, client relationship management, and service delivery standards

9. Intellectual Property: Ownership and usage rights of partnership IP and client deliverables

10. Confidentiality: Protection of partnership, partner, and client confidential information

11. Term and Termination: Duration of partnership, exit procedures, and grounds for termination

12. Dispute Resolution: Procedures for resolving internal partnership disputes and jurisdiction clause

13. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law

What sections are optional to include in a Consultancy Partnership Agreement?

1. Non-Compete: Restrictions on partners competing with partnership business, used when protecting market position is crucial

2. Insurance: Professional indemnity and other insurance requirements, important for high-risk consulting services

3. International Operations: Provisions for international service delivery and cross-border operations, needed for global consulting services

4. Partnership Expansion: Procedures for admitting new partners, used when growth is anticipated

5. Quality Control: Standards and procedures for maintaining service quality, important for specialized professional services

6. Marketing and Branding: Guidelines for partnership branding and marketing activities, useful for client-facing consultancies

7. Force Majeure: Provisions for handling unforeseen circumstances affecting partnership operations

What schedules should be included in a Consultancy Partnership Agreement?

1. Schedule A - Partner Details: Detailed information about each partner including qualifications, specializations, and contributions

2. Schedule B - Services Description: Comprehensive list and description of consulting services offered by the partnership

3. Schedule C - Fee Structure: Standard fee ranges, billing procedures, and partner compensation formulas

4. Schedule D - Operational Procedures: Day-to-day management procedures, workflow processes, and quality standards

5. Schedule E - Client List: List of existing clients and any special arrangements or restrictions

6. Appendix 1 - Partnership Policies: Internal policies including work allocation, leave, and resource usage

7. Appendix 2 - Professional Standards: Required professional certifications, continuing education, and ethical standards

Authors

Alex Denne

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

Jurisdiction

India

Publisher

Ƶ

Cost

Free to use
Relevant legal definitions



































Clauses



































Relevant Industries

Management Consulting

Information Technology

Financial Services

Healthcare Consulting

Human Resources

Engineering Services

Environmental Consulting

Strategy Consulting

Business Advisory

Education and Training

Legal Services

Marketing and Communications

Relevant Teams

Legal

Finance

Operations

Professional Services

Business Development

Risk and Compliance

Strategy

Human Resources

Knowledge Management

Client Relations

Relevant Roles

Managing Partner

Senior Consultant

Legal Counsel

Chief Executive Officer

Finance Director

Operations Manager

Professional Services Director

Business Development Manager

Risk Manager

Compliance Officer

Strategy Consultant

Partnership Manager

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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