In order to provide legal certainty and enable clients to better understand the nature of the services provided, investment firms that provide investment or ancillary services to clients should enter into a written basic agreement with the client, setting out the essential rights and obligations of the firm and the ...
An engagement letter is generally specific to professional services, such as accounting, consulting, or legal services. A contract, on the other hand, is a broader term that can apply to any agreement involving two parties, irrespective of the nature of their engagement.
The Company does hereby appoint and engage the Consultant Contractor to provide the Services (as defined below) and the Consultant Contractor hereby accepts such appointment and engagement by the Company, all upon and subject to the terms and conditions of this Agreement.
An engagement contract, sometimes called an engagement letter, is a formal legal declaration of intent to do business or ""engage"" with another party. This agreement is typical in attorney, contractor, and financial advisor relationships with clients.
What Is an Engagement Letter? An engagement letter is a written agreement that describes the business relationship to be entered into by a client and a company. The letter details the scope of the agreement, its terms, and costs. The purpose of an engagement letter is to set expectations on both sides of the agreement.