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Professional Services Engagement Letter
"I need a Professional Services Engagement Letter for my IT consulting firm based in Manila, providing cybersecurity assessment services to a multinational bank, with the engagement starting March 1, 2025, and running for 6 months."
1. Introduction and Parties: Opening paragraph identifying the service provider and client, including full legal names and addresses
2. Engagement Confirmation: Clear statement confirming the engagement and its general purpose
3. Scope of Services: Detailed description of the professional services to be provided, including specific deliverables and any limitations
4. Fees and Payment Terms: Professional fees, payment schedule, and method of payment
5. Timeline and Delivery: Expected timeframes for service delivery and any key milestones
6. Professional Standards: Commitment to maintain professional standards and quality of service
7. Confidentiality: Basic confidentiality obligations and handling of sensitive information
8. Communication Protocol: How communications will be handled and who the key contact persons are
9. Acceptance and Execution: Signature blocks and instructions for accepting the engagement
1. Conflict of Interest Disclosure: Required when there are potential conflicts that need to be disclosed and addressed
2. Data Privacy Compliance: Needed when personal data processing is involved, to comply with the Data Privacy Act
3. Team Composition: Include when specific team members or qualifications are crucial to the engagement
4. Termination Provisions: Optional detailed termination terms when engagement is complex or long-term
5. Insurance Coverage: Include when professional liability insurance details are relevant to the engagement
6. Dispute Resolution: Required for high-value or complex engagements where specific dispute resolution procedures are needed
1. Schedule A - Detailed Scope of Work: Comprehensive breakdown of services, deliverables, and specifications
2. Schedule B - Fee Structure: Detailed breakdown of fees, expenses, and payment terms
3. Schedule C - Project Timeline: Detailed project schedule, milestones, and delivery dates
4. Appendix 1 - Key Personnel: Profiles and qualifications of key team members assigned to the engagement
5. Appendix 2 - Terms and Conditions: Standard terms and conditions of engagement
6. Appendix 3 - Required Documents: List of documents or information required from the client
Authors
Consulting
Legal Services
Accounting and Audit
Information Technology
Engineering
Architecture
Management Advisory
Healthcare
Education and Training
Financial Services
Human Resources
Marketing and Communications
Environmental Services
Business Process Outsourcing
Legal
Finance
Procurement
Operations
Human Resources
Compliance
Risk Management
Project Management Office
Business Development
Professional Services
Contract Administration
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Procurement Manager
Project Manager
Human Resources Director
Operations Manager
Managing Partner
Department Head
Professional Services Director
Compliance Officer
Contract Administrator
Business Development Manager
Finance Director
Risk Manager
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