When to Use

Management consulting agreements are used when a company wants a business expert to analyze its operations and recommend strategies to solve internal problems, develop skills, and improve efficiency and revenue.

How to Complete (5 Steps)

1. Identify Parties

The first step is to identify the parties involved in the contract by providing the names and mailing addresses of the consultant and the client.

If either party is an LLC, corporation, or other legal entity, their company’s business information should be entered instead of personal details.

2. Describe Services

The parties must clearly describe which management services the consultant will provide, along with any specific goals, deadlines, or service exclusions.

3. Set Duration

The contract should outline the start and end dates of the consultancy. If the services are project-based, the agreement can end after the consultant completes a task or accomplishes a desired outcome.

4. Establish Payment Terms

Consulting agreements must indicate the amount, frequency, and method of payment. Management consultants commonly charge retainer fees and may be entitled to performance-based commissions.

5. Provide Signatures

After filling in the required information, both parties must sign and date the agreement to formally bind themselves to its terms.

Sample

Download: PDF, Word (.docx), OpenDocument

MANAGEMENT CONSULTING AGREEMENT

1. THE PARTIES. This Management Consulting Agreement (“Agreement”) is made effective as of [DATE] by and between:

Consultant: [CONSULTANT’S NAME], with a mailing address of [CONSULTANT’S ADDRESS] (“Consultant”), and

Client: [CLIENT’S NAME], with a mailing address of [CLIENT’S ADDRESS] (“Client”).

2. CONSULTING SERVICES. The Consultant agrees to provide the following services to the Client: [DESCRIBE CONSULTING SERVICES] (“Services”).

3. PAYMENT. In consideration for the Services to be provided, the Client agrees to pay the Consultant $[AMOUNT] per [PAYMENT BASIS (E.G., HOUR)]. The Client shall issue payment within [#] day(s) after receiving an invoice from the Consultant.

4. TERM. The Services shall commence [DATE] and end upon [END DATE OR OTHER TERMINATION EVENT].

5. RETAINER. As an advance on future Services to be provided, the Client is: (check one)

☐ – Not required to pay the Consultant a retainer.
☐ – Required to pay the Consultant a non-refundable retainer of $[AMOUNT], due on the [#] of each month.

6. NON-DISCLOSURE. The Consultant agrees not to disclose or misuse the Client’s proprietary or confidential information without prior written consent, except as needed to perform the Services.

7. EXPENSES. The Consultant shall only be responsible for the following expenses: [LIST EXPENSES TO BE PAID BY CONSULTANT].

8. INDEPENDENT CONTRACTOR STATUS. The Consultant is an independent contractor, and neither the Consultant nor their employees or contract personnel are or shall be deemed the Client’s employees.

9. TERMINATION. Either party may terminate this Agreement upon [#] days’ written notice.

IN WITNESS WHEREOF, the parties have executed this Agreement on the date first written above.

Consultant’s Signature: ____________________
[CONSULTANT’S PRINTED NAME]

Client’s Signature: ____________________
[CLIENT’S PRINTED NAME]

Management Consulting Agreement Template