Consulting Services Agreements are an essential part to your business if you are in a field where technology and times change. Compared to brick and mortar businesses and services whose procedures remain unchanged over time, companies that utilize fast paced technology often need to get some advice from an expert in that field. For these services, we have consulting services agreements. Specific details for each contract differ, but there are a few key points and issues that you must make sure are addressed.

“In any consulting agreement, basic terms include:

• A description of the services to be provided by the consultant
• Compensation terms, including timing of payments
• Some type of performance metrics or specific deliverables are very desirable, although I’ve frequently seen them left out of far too many consulting agreements
• The usual representations and warranties of both the company and the consultant
• A clear statement that the engagement is on an independent contractor basis (not as an employer-employee relationship)
• Termination provisions, including a discussion of how disputes are to be resolved
• Liability limitations (usually to the benefit of the consultant)

Depending on the work to be performed, it can be essential that the Company also obtain specific assignments of any intellectual property that is created by the consultant which would otherwise belong to the consultant under intellectual property law.  This can be done either within the body of the Consulting Services Agreement itself, or in a separate Intellectual Property Assignment Agreement.”

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A Consulting Agreement is a type of agreement, made by and between a consultant and a company that wishes to retain certain specified services of the consultant, for a specified time at a specified rate of compensation. Consulting agreements are frequently used in today’s business world and vary in complexity from simple, one-page documents to very complex, 20+ page documents, depending on the subject matter of the agreement and whether other agreements between the parties are included or are incorporated by reference.

Key provisions of a consulting agreement include the names of the parties, the scope of and timeframe for work to be performed, the compensation rate, the term of the agreement, grounds for termination, a copyright provision, a conflict of interest / non-solicitation provision, and other miscellaneous provisions relating to the type of services involved. A well-drafted consulting agreement will serve to carefully confirm the parties’ understanding of the arrangement in writing, and is fully enforceable under contract law. Remedies for breach as well as applicable governing law are typically provided for near the end of the agreement.

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Oil Company Consulting Agreement Released by Legal Insider

The online legal document provider, RealDealDocs.com has released a number of Consulting Agreements for the top companies in America including many Fortune 500 companies. These are the actual legal documents drafted by the nation’s top law firms.

Texas oil production company Cano Petroleum Inc. drafted a consulting services agreement for the employment of a consultant to the company’s CEO for the term of a year. The consulting services agreement for Unico Inc. was initially drafted in December of 2007, and set the terms for a construction consultant for a mill in Piute County, Utah. Both of these Consulting Agreements are available in their entirety on the RealDealDocs.com website.

A Consulting Agreement is a legal document detailing the financial arrangement that allows the borrower to build on a property.

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The contracts, agreements and clauses available at RealDealDocs.com are the actual legal documents used by both the smallest of small capital companies as well as Fortune 500 companies alike.

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