Oklahoma 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.

Oklahoma Consulting Agreement — with Former Shareholder is a legal document that outlines the terms and conditions under which a former shareholder of a company provides consulting services to the company after the termination of their shareholder status. This agreement is typically used in business transactions where the former shareholder possesses specialized knowledge, expertise, or contacts that the company wishes to utilize on a contractual basis. The agreement begins by providing an introduction, stating the names of the parties involved, their respective roles, and the effective date of the agreement. It is essential to clearly identify the company and the former shareholder to avoid any ambiguity. Next, the agreement discusses the scope of the consulting services to be provided by the former shareholder. This section outlines the specific areas in which the former shareholder will contribute their expertise, such as strategic planning, marketing, human resources, or financial management. It may also include any limitations on the services and the expected deliverables. The compensation terms are then detailed in the agreement. This section specifies the remuneration structure for the consulting services, such as hourly rates, fixed fees, or project-based payments, along with the payment schedule. Additionally, any expenses incurred during the provision of services, such as travel or accommodation, may be addressed here. Confidentiality and non-disclosure clauses form a crucial part of the agreement. The former shareholder often has access to sensitive information about the company, including trade secrets, proprietary data, customer lists, and financial records. To protect these assets, the agreement should contain provisions that restrict the former shareholder from disclosing or using any confidential information for their personal gain or in competition with the company. Moreover, the agreement typically includes non-compete and non-solicitation provisions. These clauses ensure that the former shareholder does not engage in activities that directly compete with the company or poach its clients, employees, or contractors. The geographical scope and duration of the non-compete clause may vary based on the nature of the business and the relationship between the parties. Additional provisions that may be included in an Oklahoma Consulting Agreement — with Former Shareholder include dispute resolution mechanisms, governing law, termination conditions, and obligations of the parties after the termination or completion of the consulting services. It is important to note that variations of the Oklahoma Consulting Agreement — with Former Shareholder may exist based on the specific requirements of each engagement. For instance, there might be different agreement templates for short-term or long-term consulting engagements, with unique clauses tailored to the specific circumstances. Ultimately, an Oklahoma Consulting Agreement — with Former Shareholder serves as a legally binding contract that protects the interests of both the company and the former shareholder by defining their rights, obligations, and expectations during the consultancy period.