Document background
The Consultation Fee Agreement serves as a fundamental legal instrument in Malaysian business practice, designed to formalize professional consulting arrangements while ensuring compliance with local laws and regulations. This document is essential when engaging consultants, whether individuals or firms, for professional services across various sectors. It clearly defines the consulting relationship, including scope of work, deliverables, payment terms, and professional obligations. The agreement incorporates necessary provisions under Malaysian law, particularly the Contracts Act 1950 and relevant professional services regulations, while addressing key aspects such as confidentiality, intellectual property rights, and service standards. This document is particularly important in today's business environment where clear terms of engagement and professional accountability are crucial for both consultants and clients.
