The Advisory Agreement serves as the primary legal framework for establishing professional advisory relationships under Irish law. It is essential for situations where specialized expertise, guidance, or consulting services are being provided to businesses or individuals. The document ensures compliance with Irish regulatory requirements, including financial services regulations where applicable, data protection laws (GDPR), and professional services standards. This agreement is particularly crucial when engaging external advisors for strategic, financial, technical, or specialized professional services, as it clearly defines the scope of services, deliverables, confidentiality obligations, and liability provisions. The Advisory Agreement should be customized based on the specific type of advisory services being provided and whether the advisor is subject to regulation by the Central Bank of Ireland or other regulatory bodies.
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1. Parties: Identifies and defines the advisor and the client, including full legal names and addresses
2. Background: Sets out the context of the agreement and confirms the advisor's qualifications and authority to provide the services
3. Definitions: Defines key terms used throughout the agreement
4. Scope of Services: Detailed description of the advisory services to be provided
5. Term and Appointment: Duration of the agreement and formal appointment of the advisor
6. Advisor's Obligations: Detailed responsibilities and commitments of the advisor
7. Client's Obligations: Responsibilities of the client, including providing necessary information and cooperation
8. Fees and Payment Terms: Details of advisory fees, payment schedule, and expenses
9. Confidentiality: Obligations regarding confidential information and trade secrets
10. Data Protection: GDPR compliance and data processing obligations
11. Intellectual Property: Ownership and usage rights of any IP created during the advisory relationship
12. Liability and Indemnification: Limitation of liability and indemnification provisions
13. Termination: Circumstances and process for ending the agreement
14. General Provisions: Standard boilerplate clauses including notices, entire agreement, etc.
15. Governing Law and Jurisdiction: Confirms Irish law governance and jurisdiction for disputes
1. Regulatory Compliance: Required if providing regulated financial or investment advice
2. Non-Compete and Non-Solicitation: Include if protecting against competition or client solicitation is important
3. Force Majeure: Include if specific provisions for unforeseen circumstances are needed
4. Insurance: Include if specific insurance requirements need to be maintained
5. Anti-Bribery and Corruption: Include for international advisory services or public sector work
6. Assignment and Subcontracting: Include if there's possibility of changing service providers or using subcontractors
7. Service Levels: Include if specific performance metrics or response times are required
8. Dispute Resolution: Include if specific alternative dispute resolution procedures are preferred
1. Schedule 1 - Services Description: Detailed breakdown of advisory services and deliverables
2. Schedule 2 - Fee Schedule: Detailed breakdown of fees, rates, and payment terms
3. Schedule 3 - Key Personnel: List of key individuals providing the advisory services
4. Schedule 4 - Service Levels: Specific performance metrics and response times if applicable
5. Appendix A - Data Processing Agreement: Required GDPR compliance documentation for data processing
6. Appendix B - Compliance Requirements: Regulatory compliance requirements and certifications
7. Appendix C - Report Templates: Standard formats for advisory reports and deliverables
Relevant legal definitions
Clauses
Relevant Industries
Financial Services
Professional Services
Management Consulting
Technology
Healthcare
Real Estate
Education
Manufacturing
Energy
Environmental Services
Legal Services
Business Services
Information Technology
Telecommunications
Relevant Teams
Legal
Finance
Procurement
Compliance
Risk Management
Operations
Project Management
Business Development
Strategy
Commercial
Human Resources
Administration
Relevant Roles
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Procurement Manager
Risk Manager
Compliance Officer
Operations Director
Project Manager
Business Development Manager
Strategy Director
Financial Controller
Commercial Director
General Counsel
Contract Manager
Human Resources Director
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