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The Owner Consultant Agreement is a essential legal instrument used in the Indian business environment when engaging professional consultancy services. This document is particularly relevant when a business or property owner requires specialized expertise or advisory services for specific projects or ongoing operations. The agreement, governed by Indian law, specifically the Indian Contract Act, 1872, and related legislation, provides a comprehensive framework for the consulting relationship. It typically includes detailed provisions for scope of work, payment terms, deliverables, timelines, confidentiality, intellectual property rights, and dispute resolution mechanisms. The document is designed to protect both parties' interests while ensuring clarity in their professional relationship and compliance with Indian legal requirements. It's commonly used across various sectors from real estate and construction to IT and management consulting, and can be customized based on the specific nature of the consultancy services required.

1. Parties: Identifies and provides full details of the Owner and the Consultant, including their registered addresses and legal status

2. Background: Outlines the context of the agreement, including the Owner's requirements and Consultant's expertise

3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes rules of interpretation

4. Scope of Services: Detailed description of the consultancy services to be provided, including deliverables and objectives

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

6. Consultant's Obligations: Detailed responsibilities and commitments of the Consultant, including quality standards and professional conduct

7. Owner's Obligations: Responsibilities of the Owner, including providing necessary information and access

8. Fees and Payment Terms: Compensation structure, payment schedule, expenses, and invoicing procedures

9. Intellectual Property Rights: Ownership and rights related to work products, pre-existing IP, and created materials

10. Confidentiality: Obligations regarding confidential information protection and permitted disclosures

11. Representations and Warranties: Statements of fact and promises made by both parties regarding their capacity and capabilities

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

13. Termination: Conditions and procedures for ending the agreement, including notice periods and consequences

14. Dispute Resolution: Process for resolving disagreements, including arbitration procedures

15. General Provisions: Standard legal clauses including notices, assignment, severability, and entire agreement