Consulting Firm Service Agreement
Consulting Firm Service Agreement
This Consulting Firm Service Agreement ("Agreement") is made and entered into as of [Effective Date], by and between [Your Company Name], a consulting firm with its principal office located at [Your Company Address] ("Consultant"), and [Client Name], with its principal office located at [Client Address] ("Client"). The parties agree to the following terms and conditions:
1. Agreement Overview
1.1 Purpose of Agreement
The purpose of this Agreement is to establish a formal relationship between Consultant and Client, wherein Consultant will provide strategic consulting and other related services to help the Client achieve their business objectives. These services may include strategic business planning, market analysis, process optimization, project management, and technology integration. The goal of this Agreement is to define the scope, responsibilities, terms, and conditions under which Consultant will deliver services to Client, ensuring a successful partnership that meets Client’s needs and expectations.
1.2 Effective Date and Duration
This Agreement shall become effective as of [Effective Date]. The term of this Agreement will be [12] months unless terminated earlier as provided under Section 6 of this Agreement. Both parties may agree in writing to extend the term of this Agreement if additional services are required beyond the initial term. This Agreement will continue in effect until terminated by either party as specified below or as agreed upon in writing.
2. Scope of Services
2.1 Consulting Services Provided
Consultant will provide the following services to the Client:
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Strategic Consulting: Consultant will assist the Client in defining, refining, and executing long-term strategies to address their business challenges. This may include market expansion, cost reduction, resource optimization, and process innovation.
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Market Research: Consultant will conduct in-depth research and analysis of the Client’s target market, competitors, and industry trends. This research will enable the Client to make informed decisions about product offerings, customer segmentation, and pricing strategies.
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Process Optimization: Consultant will identify opportunities for improving operational efficiency and cost-effectiveness. This may involve reengineering business processes, introducing automation, and implementing best practices to streamline workflows and reduce waste.
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Project Management: Consultant will oversee specific projects identified by Client, ensuring that objectives are met on time and within budget. Consultant will track progress, manage resources, handle risk mitigation, and report on project milestones regularly.
2.2 Deliverables
Consultant agrees to provide the following deliverables in connection with the services outlined:
|
Service Area |
Deliverable |
Timeline |
|---|---|---|
|
Strategic Consulting |
Strategy Development Report |
30 days |
2.3 Exclusions
The following services are not included in the scope of this Agreement unless explicitly agreed upon in writing by both parties:
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Legal, regulatory, or compliance consulting services.
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Software or technology development or custom software solutions.
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Direct involvement in hiring or managing Client personnel.
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Implementation of technology or systems unless otherwise specified.
3. Consultant’s Responsibilities
3.1 Consultant’s Obligations
Consultant agrees to provide professional services in the following manner:
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Quality of Work: Consultant will ensure that all services are provided with the highest level of professionalism and quality. Consultant’s team will have the appropriate experience and expertise to deliver services in accordance with industry standards.
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Reporting and Updates: Consultant will provide periodic updates to Client on the progress of services, including written reports on the status of each project. Reports will be submitted at agreed intervals, such as weekly, monthly, or upon reaching significant milestones.
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Adherence to Timelines: Consultant will make every reasonable effort to adhere to the timelines outlined for each deliverable. If there are any delays due to unforeseen circumstances, Consultant will notify the Client as soon as possible and propose revised timelines.
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Communication: Consultant will ensure continuous communication with the Client’s designated point of contact throughout the project. Any changes in scope, timeline, or budget will be discussed and mutually agreed upon.
3.2 Non-Disclosure of Information
Consultant agrees that all confidential and proprietary information shared by the Client, including but not limited to business plans, customer data, pricing strategies, and intellectual property, shall be kept confidential and not shared with third parties without prior written consent from Client. This confidentiality obligation will remain in effect for a period of [5] years following the termination of this Agreement.
4. Client’s Responsibilities
4.1 Client’s Obligations
Client agrees to the following:
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Provision of Information: Client will provide Consultant with timely access to all relevant information, data, and resources needed to complete the services, including internal reports, documents, and access to personnel as needed.
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Feedback and Approvals: Client will review and approve deliverables in a timely manner to avoid delays in the project timeline. Failure to provide feedback or approval within a reasonable time frame may result in the extension of the agreed deadlines.
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Payment of Fees: Client agrees to pay all fees as outlined in Section 5 of this Agreement. Payment will be made according to the agreed payment schedule.
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Designated Point of Contact: Client will assign a primary point of contact who will act as the liaison between Consultant and Client’s internal teams. This individual will be responsible for coordinating meetings, approvals, and feedback.
4.2 Collaboration Requirements
The success of this engagement depends on effective collaboration between both parties. Client must ensure the availability of necessary resources, including key stakeholders, decision-makers, and subject matter experts. Delays caused by Client’s lack of availability or failure to provide requested materials may result in an extension of timelines.
5. Fees and Payment Terms
5.1 Fee Structure
Consultant will charge the following fees for services rendered under this Agreement:
|
Service |
Fee |
Payment Terms |
|---|---|---|
|
Strategic Consulting |
$250 per hour |
Payment due 30 days after invoice |
5.2 Payment Schedule
Client will pay Consultant within [30] days of receipt of an invoice. Consultant will issue invoices based on the milestones or deliverables outlined in Section 2. If the project extends beyond the initially agreed timelines, additional payments will be invoiced accordingly.
5.3 Late Payments
Payments not received within the specified period will incur a late fee of [5]% of the outstanding amount per [30]-day period the payment is overdue. Consultant may suspend services if payment is not received within [60] days.
6. Termination
6.1 Termination for Convenience
Either party may terminate this Agreement for convenience by providing [30] days' written notice. In the event of termination for convenience, Client will pay Consultant for all services rendered up until the date of termination.
6.2 Termination for Cause
This Agreement may be terminated by either party for cause in the event of a material breach by the other party. The breaching party will have [15] days from the receipt of written notice to cure the breach. If the breach is not cured within this period, the non-breaching party may terminate the Agreement.
7. Intellectual Property
7.1 Ownership of Work Product
All work product, including reports, strategies, and recommendations produced by Consultant, shall be owned by the Client upon full payment for services. Consultant will retain a non-exclusive, non-transferable license to use any work product for internal purposes or promotional activities, provided that Client’s confidential information is not disclosed without Client’s consent.
7.2 Pre-existing Intellectual Property
Consultant retains ownership of all pre-existing intellectual property, including methodologies, templates, software, and tools, used in the performance of services. Client is granted a non-exclusive license to use these materials for the duration of the project, but may not distribute or sell these materials without Consultant’s express consent.
8. Confidentiality
8.1 Confidential Information
Each party agrees to keep confidential all proprietary and confidential information shared during the term of this Agreement. Confidential information includes, but is not limited to, business strategies, customer data, financial information, and intellectual property.
8.2 Survival of Obligations
The confidentiality obligations will survive the termination of this Agreement and remain in effect for a period of [5] years after the Agreement’s conclusion, except where disclosure is required by law.
9. Liability and Indemnification
9.1 Limitation of Liability
Consultant’s total liability for any claim arising under this Agreement shall be limited to the total amount of fees paid by the Client to Consultant for services rendered in the [12] months immediately preceding the claim. Neither party shall be liable for consequential, incidental, or punitive damages.
9.2 Indemnification
Client agrees to indemnify and hold Consultant harmless against any third-party claims, losses, or damages arising out of Client’s use of Consultant’s services, including claims related to the use or misuse of intellectual property, data, or reports delivered by Consultant.
10. Miscellaneous
10.1 Force Majeure
Neither party will be liable for failure to perform under this Agreement due to events beyond their reasonable control, including natural disasters, pandemics, strikes, or government actions.
10.2 Governing Law
This Agreement will be governed by and construed in accordance with the laws of [Your Jurisdiction], without regard to its conflict of laws provisions.
10.3 Entire Agreement
This Agreement constitutes the entire understanding between the parties and supersedes any prior written or oral agreements, understandings, or representations.
10.4 Amendments
Any amendment to this Agreement must be made in writing and signed by both parties.
IN WITNESS WHEREOF, the parties have executed this Consulting Firm Service Agreement as of the date first written above.
[Your Company Name]
Name:
Title:
Date:
[Client Name]Name:
Title:
Date:
