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A consulting agreement, also known as a consulting contract or freelance agreement, explains the conditions of the relationship and keeps both parties (consultant and client) accountable. It also keeps in check the work that is being done and the compensation that is being offered in return.

A Consulting Agreement, also known as a letter of engagement, is a contract between a consultant and a client in which the parties outline the terms of their professional relationship.

Simple Consulting Agreement The names of all parties involved. The names of the businesses involved. The scope of work. The time frame covered by the agreement. Compensation terms. Clarification about the consultant's role as an independent contractor. A confidentiality agreement.

A consultancy agreement allows two parties to engage in a business relationship where one side works as an external consultant. A consultant can be either an individual or a company. Consultancy services can vary, but often they provide advice that is seen to be expert and helpful.

Here are six best practices to write a consulting contract that defines your project scope and protects both you and your business. Define Duties, Deliverables, and Roles. ... Prepare for Potential Risk. ... Specify Project Milestones and Engagement Time. ... Identify Expenses and Outline Payment Terms. ... Specify Product Ownership.

A consulting contract should offer a detailed description of the duties you will perform and the deliverables you promise the client. The agreement may also explain how much work you will perform at the client's office and how often you will work remotely.