Business Advisory Agreement Template for Singapore

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Key Requirements PROMPT example:

Business Advisory Agreement

"I need a Business Advisory Agreement for my tech startup to engage a strategic consultant for 12 months starting January 2025, with specific provisions for protecting our intellectual property and maintaining confidentiality of our product development plans."

What is a Business Advisory Agreement?

The Business Advisory Agreement serves as a crucial legal framework for professional advisory relationships in Singapore's business environment. This document is essential when engaging external business advisors or consultants for strategic guidance, operational improvement, or specialized expertise. The agreement ensures clarity in service delivery, protects both parties' interests, and maintains compliance with Singapore's regulatory requirements. It typically includes comprehensive provisions for scope of work, payment terms, confidentiality, intellectual property rights, and liability limitations, while adhering to Singapore's strict professional services standards and data protection regulations.

What sections should be included in a Business Advisory Agreement?

1. Parties: Identification and details of the advisor and client company

2. Background: Context of the agreement and brief description of the parties' intentions

3. Definitions: Key terms used throughout the agreement

4. Scope of Services: Detailed description of advisory services to be provided

5. Term and Termination: Duration of agreement and termination provisions

6. Fees and Payment: Payment terms, fee structure, and billing procedures

7. Confidentiality: Protection of confidential information and trade secrets

8. Intellectual Property: Ownership and rights to intellectual property created during the engagement

9. Liability and Indemnification: Limitation of liability and indemnification provisions

10. Governing Law: Specification of Singapore law as governing law

What sections are optional to include in a Business Advisory Agreement?

1. Non-Compete: Restrictions on competitive activities - used when protecting against competitive threats is crucial

2. Non-Solicitation: Restrictions on soliciting employees or clients - used when protecting business relationships is important

3. Force Majeure: Provisions for unforeseen circumstances - recommended for long-term or high-value services

4. Data Protection: PDPA compliance provisions - required when personal data processing is involved

5. Insurance: Professional indemnity insurance requirements - recommended for high-risk advisory services

What schedules should be included in a Business Advisory Agreement?

1. Schedule of Services: Detailed breakdown of specific services to be provided

2. Fee Schedule: Detailed fee structure and payment terms

3. Key Personnel: List of key personnel involved in providing services

4. Service Level Agreement: Performance metrics and service standards

5. Compliance Requirements: Specific regulatory or compliance requirements

6. Data Processing Agreement: Detailed terms for handling personal data - required when personal data processing is involved

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Financial Services
Technology
Manufacturing
Professional Services
Start-ups

Relevant Teams

Legal
Finance
Operations
Strategy
Procurement

Relevant Roles

Chief Executive Officer
Chief Financial Officer
Business Development Director
Legal Counsel
Operations Director

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Let's create your Business Advisory Agreement

What is a Business Advisory Agreement?

What sections should be included in a Business Advisory Agreement?

What sections are optional to include in a Business Advisory Agreement?

What schedules should be included in a Business Advisory Agreement?

Authors

Alex Denne

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