What’s Included
- Term. The agreement must specify the length of the arrangement by relaying the start date and either an end date or an event that will terminate the contract (e.g., once all services have been performed).
- Services. The parties will discuss what the client requires of the consultant and list them in the contract.
- Compensation. The consultant’s rate, as negotiated between the parties, must be included along with the payment method and schedule.
- Independent Contractor. The document will state the client is hiring the consultant as an independent contractor, therefore, not as an employee.
- Confidentiality. Because consultants are often given access to sensitive information, the agreement should include a confidentiality clause protecting the client against unwanted disclosure.
- Signatures. The client and consultant must sign and print their names at the bottom of the form for it to be legally valid.
What Consultants Do
Consultants are hired to provide expertise to clients (mainly business entities) to assess, investigate, and help implement changes that will make the company more profitable.
A consultant may provide insight on a specific project and help the team overcome obstacles. Consultants are sometimes hired to assess department or staff management functions to improve efficiency.
Sample
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CONSULTING AGREEMENT
This Consulting Agreement (the “Agreement”) is entered into between [CLIENT NAME], hereinafter referred to as the “Client,” and [CONSULTANT NAME], hereinafter referred to as the “Consultant,” on [AGREEMENT DATE].
In consideration of the mutual terms, the Client hereby employs the Consultant as an independent contractor under the following terms and conditions:
1. SERVICES. The Consultant agrees to provide the following services (the “Services”) to the Client: [DESCRIBE SERVICES].
2. PAYMENT. The Client agrees to pay the Consultant $[AMOUNT] for the Services provided. Payment shall be due [PAYMENT TERMS].
3. TERM OF AGREEMENT. This Agreement shall commence on [START DATE] and remain in effect until [END DATE] or until the completion of the Services, whichever comes first.
4. CONFIDENTIALITY. The Consultant agrees to maintain the confidentiality of all information related to the Client and the Services provided.
5. WARRANTIES. The Consultant warrants that the Services provided shall be performed in a professional and workmanlike manner.
6. TERMINATION. Either party may terminate this Agreement at any time, for any reason, with written notice to the other.
7. GOVERNING LAW. This Agreement shall be governed by and interpreted in accordance with the laws of [STATE].
8. ENTIRE AGREEMENT. This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements and understandings with respect to the subject matter hereof.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date specified above.
Client Signature: _______________________
[CLIENT NAME]
Consultant Signature: _______________________
[CONSULTANT NAME]