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The Advisory Agreement is a crucial legal document used in Saudi Arabia when establishing formal advisory relationships between professional advisors and their clients. This agreement is essential for both local and international advisory services operating within the Kingdom, ensuring compliance with Saudi regulations, including the Commercial Court Law and Professional Companies Law. The document typically includes comprehensive details about service scope, fees, confidentiality obligations, and compliance requirements, while adhering to Sharia principles. It's particularly important in regulated sectors where specific licenses or permits are required for advisory services. The agreement should be structured to address both the commercial aspects of the relationship and the unique requirements of Saudi law, including appropriate dispute resolution mechanisms and regulatory compliance measures.

1. Parties: Identification of the advisor and the client, including full legal names, addresses, and commercial registration details

2. Background: Context of the agreement and brief description of the advisor's expertise and client's requirements

3. Definitions: Key terms used throughout the agreement, including 'Services', 'Deliverables', 'Confidential Information', etc.

4. Scope of Services: Detailed description of advisory services to be provided, including any specific deliverables

5. Advisor's Obligations: Key responsibilities and commitments of the advisor, including service standards and compliance requirements

6. Client's Obligations: Client's responsibilities, including providing necessary information and cooperation

7. Fees and Payment: Fee structure, payment terms, expenses, and VAT implications

8. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

9. Confidentiality: Obligations regarding confidential information and trade secrets

10. Intellectual Property: Ownership and usage rights of any intellectual property created during the advisory relationship

11. Liability and Indemnification: Limitations of liability and indemnification obligations of both parties

12. Force Majeure: Provisions for unforeseen circumstances preventing performance

13. Governing Law and Jurisdiction: Specification of Saudi law as governing law and jurisdiction for disputes

14. General Provisions: Standard clauses including notices, amendments, and entire agreement provisions