Document background
The Advisory Services Engagement Letter is a fundamental document used in Hong Kong to formalize professional advisory relationships between service providers and their clients. This document is essential when an advisory firm or professional consultant begins a new engagement with a client, whether for management consulting, financial advisory, strategic planning, or other professional services. The letter combines elements of Hong Kong contract law with professional services requirements, incorporating necessary regulatory compliance elements specific to Hong Kong's business environment. It serves as both a legal document and a practical roadmap for the engagement, detailing scope, deliverables, fees, and terms while maintaining the more accessible format of a letter rather than a formal agreement. The document is designed to protect both parties' interests while ensuring clarity in the professional relationship and compliance with Hong Kong regulatory requirements.
