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Engagement Letter For Consulting Services
"I need an Engagement Letter For Consulting Services for my IT strategy consulting firm to provide digital transformation services to a Singapore-based bank, with a project duration of 6 months starting March 2025 and including strict data protection provisions due to the financial sector."
1. Introduction: Opening paragraph identifying the consulting firm and client and establishing the purpose of the engagement letter
2. Scope of Services: Detailed description of consulting services to be provided, including specific deliverables and objectives
3. Term: Duration of the engagement, start date, end date, and any renewal provisions
4. Fees and Payment Terms: Compensation structure, payment schedule, expenses, and invoicing details
5. Confidentiality: Obligations regarding confidential information and trade secrets protection
6. Deliverables: Expected outputs, timeline for delivery, and acceptance criteria
1. Non-Compete: Restrictions on working with competitors during and after the engagement
2. Force Majeure: Provisions for unforeseen circumstances that may affect service delivery
3. Insurance: Required insurance coverage and liability provisions
4. Data Protection: PDPA compliance provisions and data handling requirements
1. Schedule A - Scope of Work: Detailed breakdown of services, deliverables, and methodologies
2. Schedule B - Fee Schedule: Detailed fee structure, payment milestones, and expense policies
3. Schedule C - Project Timeline: Detailed project schedule, milestones, and delivery dates
4. Schedule D - Key Personnel: List of key team members, their roles, and responsibilities
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