Missouri Consulting Agreement - with Former Shareholder

• Category: Contracts - Consultants
• State: Multi-State
• Control #: US-00467
• Format: Word; Rich Text

Description

Consultant, a selling shareholder will hold himself available to provide consulting services to the client as may be requested by it, provided the consultant will determine in his reasonable discretion the time and manner of providing such services. The consultant will remain available to provide such services during the term of the agreement and company will continue to compensate him/her whether or not he/she is an employee of the client under a separate arrangement. In the event that it becomes necessary to enforce any of the terms of this agreement the defaulting party agrees to pay all reasonable attorneys fees incurred.

In Missouri, a consulting agreement with a former shareholder refers to a legal document that outlines the terms and conditions of a consulting arrangement between a company and a former shareholder who has transitioned into a consulting role. This agreement is designed to establish the nature and scope of the consulting services, as well as the compensation, rights, and responsibilities of both parties involved. The consulting agreement generally contains several important elements. Keywords that may be relevant to this type of agreement include: 1. Parties: The agreement identifies the parties involved, i.e., the company and the former shareholder acting as a consultant. Their full legal names and addresses are typically mentioned in this section. 2. Purpose: The purpose of the consulting arrangement is explained. This may include specific focus areas or projects that the consultant will be working on, such as providing strategic advice, sharing industry expertise, or assisting with the transition of ownership. 3. Term: The agreement specifies the duration of the consulting relationship, including the starting and ending dates or any conditions that may terminate the agreement early. The term may vary depending on the needs and objectives of both parties. 4. Scope of Services: This section outlines the specific services the consultant will provide, delineating the responsibilities, tasks, and deliverables expected from the former shareholder. It may also address any limitations or exclusions related to the scope of work. 5. Compensation: The consultant's compensation, whether it be a fixed fee, hourly rate, or performance-based remuneration, is clearly stated in this section. Details regarding invoicing, payment terms, and any other financial obligations are also included. 6. Confidentiality and Non-Disclosure: The agreement emphasizes the importance of safeguarding any confidential or proprietary information disclosed between the parties during the consulting engagement. It may include clauses outlining non-disclosure provisions, intellectual property rights, and restrictions on the use of confidential information. 7. Non-Competition and Non-Solicitation: This section restricts the consultant from engaging in activities that could be potentially competitive with the company during or after the consulting period. It may also prohibit the consultant from soliciting employees, clients, or customers of the company for a certain period of time. 8. Dispute Resolution: In case of any conflicts or disputes arising from the agreement, the process for resolving such issues is described. This may involve mediation, arbitration, or other dispute resolution methods as per the preference of the parties involved. Different types or variations of Missouri consulting agreements may exist depending on the specific circumstances and requirements of the parties involved. They may include consulting agreements for a fixed term, on a project basis, or even with additional provisions tailored to address unique scenarios. It is important to note that while this description provides a general guideline, it is crucial to consult with an attorney or legal professional experienced in Missouri contract law to ensure the agreement conforms to all applicable legal requirements and adequately protects the interests of both parties.