Document background
The Business Advisor Agreement is a crucial document for companies seeking to engage professional advisors in Hong Kong. It is typically used when a company requires specialized expertise or strategic guidance but prefers a contractual relationship rather than an employment arrangement. The agreement carefully delineates the advisor's role, responsibilities, and relationship with the company to avoid potential classification as an employment relationship under Hong Kong law. It includes essential provisions for protecting confidential information, establishing clear deliverables, and setting compensation terms. The document is particularly important in Hong Kong's business environment, where professional advisory services often involve cross-border considerations and must comply with local regulatory requirements, including the Employment Ordinance, Personal Data (Privacy) Ordinance, and relevant financial services regulations where applicable.
