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Advisory Engagement Letter
"I need an Advisory Engagement Letter for my management consulting firm to provide strategic advisory services to a mid-sized manufacturing company, including quarterly business reviews and monthly advisory sessions, with specific provisions for protecting proprietary manufacturing processes and a non-compete clause."
1. Letterhead and Date: Professional letterhead of the advisor/firm and current date
2. Client Address Block: Full name and address of the client
3. Salutation: Professional greeting to the client
4. Introduction: Opening paragraph identifying parties and purpose of the engagement
5. Scope of Services: Detailed description of advisory services to be provided
6. Professional Fees: Fee structure, payment terms, and billing arrangements
7. Term and Termination: Duration of engagement and termination provisions
8. Confidentiality: Obligations regarding confidential information
9. Professional Standards: Commitment to professional standards and quality of service
10. Client Responsibilities: Client's obligations and required cooperation
11. Limitation of Liability: Professional liability limitations and disclaimers
12. Acceptance: Signature blocks and acceptance terms
1. Conflict of Interest: Disclosure of potential conflicts and handling procedures, included when relevant conflicts exist
2. Team Composition: Key team members and their roles, included for larger engagements
3. Travel and Expenses: Terms for reimbursement of expenses, included when travel or significant expenses are anticipated
4. Intellectual Property: Ownership of work products and deliverables, included when significant IP will be created
5. Data Protection: Specific data handling and privacy provisions, included when handling sensitive data
6. Dispute Resolution: Mediation and arbitration procedures, included for high-value engagements
7. Force Majeure: Provisions for unforeseen circumstances, included for long-term engagements
1. Schedule A - Detailed Scope of Services: Comprehensive breakdown of services and deliverables
2. Schedule B - Fee Schedule: Detailed fee structure, rates, and payment milestones
3. Schedule C - Team Members and Qualifications: Profiles of key team members (optional)
4. Appendix 1 - Standard Terms and Conditions: Firm's standard terms and conditions
5. Appendix 2 - Privacy Policy: Firm's privacy policy and data handling procedures
Authors
Financial Services
Management Consulting
Technology
Healthcare
Real Estate
Energy
Manufacturing
Professional Services
Education
Non-Profit
Telecommunications
Environmental Services
Mining
Agriculture
Transportation
Legal
Business Development
Professional Services
Operations
Finance
Compliance
Risk Management
Project Management
Strategy
Client Relations
Advisory Services
Legal Counsel
Business Development Manager
Managing Partner
Consultant
Advisory Services Director
Engagement Manager
Chief Financial Officer
Operations Director
Professional Services Manager
Risk Manager
Compliance Officer
Project Manager
Business Advisor
Strategy Consultant
Senior Partner
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