Engagement Letter Template (3)

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An engagement letter is a legally binding agreement that establishes a working relationship between a firm or independent contractor and a client hiring their services. It is prepared before any legal or financial services are provided to define the parties’ relationship, thereby setting clear expectations for both sides and minimizing liability.

Engagement Letter Template (3)

An engagement letter is a legally binding agreement that establishes a working relationship between a firm or independent contractor and a client hiring their services. It is prepared before any legal or financial services are provided to define the parties’ relationship, thereby setting clear expectations for both sides and minimizing liability.

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Last updated December 13th, 2024

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An engagement letter is a legally binding agreement that establishes a working relationship between a firm or independent contractor and a client hiring their services. It is prepared before any legal or financial services are provided to define the parties’ relationship, thereby setting clear expectations for both sides and minimizing liability.

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Benefits

The engagement letter has a few benefits to both the firm/contractor and the client, it:

  • Provides clarity to the business relationship between the firm/contractor and the client
  • Reduces the firm/contractor’s liability
  • Legally binds the client to the payment terms
  • Is generally shorter and simpler than a contract with less legalese

By Type (3)

Accountant / Bookkeeper Engagement Letter – A document that specifies the services an accountant will provide for their client.

Download: PDF, Word (.docx), OpenDocument

Attorney (Lawyer) Engagement Letter – Used to establish the details of a professional relationship between an attorney and the client before it begins.

Download: PDF, Word (.docx), OpenDocument

Consulting Engagement Letter – Ensures a consultant and their client are clear about the details of their professional relationship.

Download: PDF, Word (.docx), OpenDocument

What’s Included

  • The Parties – The client’s and service provider’s names and mailing addresses.
  • Services – A summary of the services that will be provided to the client.
  • Cost (Fees) – The compensation to be paid by the client and the payment terms (e.g., hourly, flat-rate, commission, etc.).
  • Retainer – A description of the upfront retainer required to secure the services of the firm/contractor.
  • Term – The date on which the services will begin as well as the date or event that will terminate the agreement.
  • Signatures – The parties’ printed names, signing dates, and signatures.

Sample

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ENGAGEMENT LETTER

1. THE PARTIES. This Engagement Letter (the “Letter”) is made effective as of [MM/DD/YYYY] by and between [CLIENT NAME], with a mailing address of [CLIENT ADDRESS] (the “Client”), and [SERVICE PROVIDER] with a mailing address of [SERVICE PROVIDER ADDRESS] (the “Service Provider”).

WHEREAS the Client intends to pay the Service Provider for Services provided under the following terms and conditions:

2. SERVICES. The Service Provider agrees to provide the following Service(s): [LIST SERVICE(S)] (the “Services”).

3. COMPENSATION. In consideration for the Services provided, the Service Provider is to be paid in the following manner: [DESCRIBE COMPENSATION].

In addition, the Client may be charged for any administrative fees, filings, or other costs directly or indirectly related to the Services.

4. RETAINER. The Client is: (check one)

☐ – Not required to pay a retainer.
☐ – Required to pay the Service Provider a non-refundable retainer of $[AMOUNT], due every ☐ week ☐ month beginning on [DATE].

5. TERM. The Services shall commence on [MM/DD/YYYY] and terminate upon either party providing [#] days of written notice to the other.

6. ADDITIONAL TERMS. [LIST ADDITIONAL TERMS (IF ANY)].

IN WITNESS WHEREOF, the Client and Service Provider agree to the terms and conditions contained in this Letter.

Client’s Signature: ______________________ Date: [MM/DD/YYYY]
Client Printed Name: [PRINTED NAME]

Service Provider’s Signature: ______________________ Date: [MM/DD/YYYY]
Service Provider Printed Name: [PRINTED NAME]