Scope of Services
This section defines the specific services that will be provided by the consultant. It should be detailed and clear, giving the client a good expectation of deliverables and timelines.
Compensation and Payment Terms
This section outlines how the consultant will be paid by the client. It may include the rate (ex: hourly rate, flat fee rate, etc.), payment schedule, invoicing details, and how expenses are handled.
This section details the type of information the parties may need to keep confidential throughout the engagement. Often, consultants become exposed to sensitive business information they will be required to keep confidential.
Term of Agreement
This section outlines how long the agreement between the client and consultant will last, or the terms under which it can be terminated.
Intellectual Property Rights
Throughout many consulting engagements, work is produced that could be considered intellectual property (IP). This section details who owns the rights to the IP.
Indemnification and Liability
This section protects both parties from legal harm. The consultant agrees to indemnify the client against certain legal claims, and vice versa. It may also limit the liability of either party in case something goes wrong.