What is a consulting agreement and do I need one?

What is a consulting agreement and do I need one?

A consulting agreement is a document that outlines what you, working as an independent contractor, can help a client business achieve. Though you are not considered an employee of the client company, you nonetheless provide specific services in a professional capacity. The agreement protects you and the business from potential disputes.

How do I structure a contract with a consultant?

The agreement can be structured in two (2) ways: 1. Per Hour ($/HR) The most common structure is the client agrees to pay the consultant per hour ($/hr). A maximum number (#) of hours will usually be set for a given time period. Example: $20 per hour with the client agreeing to a maximum of 40 hours per month. 2. Per Project

Who are the parties to the Kellogg consulting agreement?

This Consulting Agreement (“Agreement”) is made by and between Timothy P Mobsby (“Consultant”) and Kellogg International (“Kellogg,” together with its affiliates and subsidiaries, “Company”). Company and Consultant are collectively referred to herein as “parties,” in singular or plural usages, as required by context.

What happens if a company terminates a contract with a consultant?

In the event Company terminates this Agreement for a Material Breach or Consultant terminates this Agreement, Company’s sole liability to Consultant shall be to pay Consultant for any unpaid amounts earned and accrued hereunder through the date of termination. -5- d.

Is there a template for a consulting contract?

Note to editor: This sample consulting contract template contains details of a fictitious company. These details should be changed in accordance with your requirements. This document is a simple consulting agreement template and may be modified and supplemented with further sections and particulars.

What is the commencement term of a consultation agreement?

(5) Commencement Term. The commencement of the consultation project this agreement centers on should be defined in the third article. This will be considered the first day of work for the Consultant whether he or she is telecommuting or working on-site.

What are the rights and obligations of a consultant under assignments?

Assignment. The rights and obligations of the Company under this Agreement shall inure to the benefit of and shall be binding upon the successors and assigns of the Company. The rights and obligations of Consultant are non-assignable.

Do you need to create a consulting agreement from scratch?

Some consultants may present you with a consulting contract first, especially if they are part of a consulting firm that takes on a high volume of clients. However, you may want or need to create a consulting agreement from scratch to suit the needs of your company. 1. Use a Template