Document background
The Advisory Services Engagement Letter is a crucial document used in Malaysia to formalize professional advisory relationships between service providers and their clients. It serves as the primary contract document outlining the terms of engagement, scope of work, fees, and professional obligations. This document is essential for compliance with Malaysian contract law, professional service regulations, and industry standards. The engagement letter should be used whenever a professional firm or consultant begins a new advisory relationship with a client, ensuring clear communication of expectations, deliverables, and terms while providing legal protection for both parties. It typically includes detailed information about the specific services to be provided, timeline, fee structure, and professional standards to be maintained throughout the engagement.
