What is a Consultancy Agreement?

A consultancy agreement is legal agreement between a consultant and client, by means of which client buys the services of the consultant. It is a consultancy contract in which the terms and conditions of consultancy scope, acts, deeds are clearly defined. It stipulates tenure of consultancy. Consultancy is important if working needs to be professionally accurate.

Advantages of Consultancy Agreement

It defines scope of work: when availing the consultancy services to new clients, one is likely to discuss a variety of projects that could be tackled. It is the client's wish list can quickly grow quite extensive. However, to perform a job, it helps to have a clearly defined scope of work by outlining what tasks will be tackled in the contract.

Establishes the relationship: It helps in establishing an effective and efficient relationship between the client and the consultant.

Procedure for Preparing consultancy agreement

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