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Consulting Fee Agreement
"I need a Consulting Fee Agreement for an IT security consultant who will be working with sensitive data for our financial services company starting March 2025, with specific focus on data protection and confidentiality provisions."
1. Parties: Identification and details of the consultant and the client, including registration numbers for companies or ID numbers for individuals
2. Background: Context of the agreement and brief description of why the parties are entering into this consulting arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Appointment and Scope: Formal appointment of consultant and detailed description of consulting services to be provided
5. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
6. Fees and Payment Terms: Consulting fees, payment schedule, expenses, and invoicing procedures
7. Obligations of the Consultant: Key responsibilities, deliverables, and performance standards expected from the consultant
8. Obligations of the Client: Client's responsibilities including providing necessary information and access
9. Intellectual Property: Ownership and rights to intellectual property created during the consulting engagement
10. Confidentiality: Protection of confidential information shared during the engagement
11. Independent Contractor Status: Clear statement of consultant's status as independent contractor, not employee
12. Limitation of Liability: Extent and limitations of consultant's liability for services provided
13. General Provisions: Standard legal provisions including governing law, notices, and entire agreement
1. Non-Compete: Restrictions on consultant's ability to work with competitors, include when protecting market position is crucial
2. Data Protection: POPIA compliance provisions, include when personal information will be processed
3. Force Majeure: Provisions for unforeseeable circumstances, particularly relevant post-COVID
4. Anti-Corruption: Specific anti-corruption provisions, essential for public sector or regulated industry consulting
5. Insurance: Insurance requirements for consultant, include for high-risk or high-value consulting
6. Dispute Resolution: Detailed dispute resolution procedures, include for complex or high-value engagements
7. Assignment and Subcontracting: Rights to assign or subcontract services, include when flexibility might be needed
8. Performance Metrics: Specific KPIs and performance measurement criteria, include for results-based consulting
1. Schedule A - Scope of Services: Detailed description of consulting services, deliverables, and timelines
2. Schedule B - Fee Schedule: Detailed breakdown of fees, rates, and payment milestones
3. Schedule C - Key Personnel: List of key consultant personnel assigned to the project
4. Schedule D - Client Materials: List of materials, information, and resources to be provided by client
5. Appendix 1 - Service Level Agreement: Specific performance standards and service levels if applicable
6. Appendix 2 - Compliance Requirements: Industry-specific compliance requirements or standards
7. Appendix 3 - Report Templates: Standard templates for reporting and documentation
Authors
Professional Services
Information Technology
Financial Services
Healthcare
Manufacturing
Mining
Education
Government
Non-Profit
Engineering
Construction
Management Consulting
Environmental Services
Telecommunications
Legal Services
Legal
Procurement
Finance
Human Resources
Operations
Project Management
Risk and Compliance
Business Development
Contract Administration
Executive Leadership
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Procurement Manager
Project Manager
Human Resources Director
Operations Manager
Business Development Manager
Department Head
Finance Manager
Contract Administrator
Risk Manager
Compliance Officer
Management Consultant
Independent Contractor
Professional Service Provider
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