During the term of the agreement, the consultant will provide consulting services and advice to the client. It is understood by all parties involved that consultant's services will be rendered largely at consultant's facilities but that consultant will, on request, come to the client's place of business or such other places as designated by the client, to meet with representatives of the client. Other provisions include: consulting hours, compensation, and trade secrets.
Consulting Agreement
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FAQ
To calculate your consulting hourly rate, determine what salary you'd like to make. Take that number and divide it by 52 (number of working weeks), then again by 40 (number of hours in each week). And finfally, take that number and mark it up by 25 to 50 percent.
Consultant agreements are important because they outline what work will be done, as well as the terms of the agreement between the client and the consultant. A consultant agreement should be detailed and include compensation terms, contract termination, intellectual property ownership and confidentiality agreements.
The market rate is the average price and range of pricing a typical customer will pay for your type of consulting service. If the average business consultant charges and receives $100 per hour, than the market rate is likely between $50 to $150 per hour.
Protect yourself: Put your guidelines in writing -- and stick by them. Have a very clear discussion laying out your professional boundaries and ask your client to do the same. Come to an understanding about working hours and response times and agree on how you will schedule calls, meetings, and Skype sessions.
Full names and titles of the people with whom you're doing business. Be sure they're all spelled correctly. Project objectives. Detailed description of the project. List of responsibilities. Fees. Timeline. Page numbers.
Make a list of your areas of expertise. To get the contract, you have to understand what areas you could possible train on. Start with targeting companies where you live. Get a meeting with the owner or a decision maker. Prove your fee is worth it to solve the problem. Make it legal and deliver.
The consulting agreement is an agreement between a consultant and a client who wishes to retain certain specified services of the consultant for a specified time at a specified rate of compensation.
