The best businesses are those that rely on a mix of the owner’s know-how and an adviser’s expert recommendations. And to ensure the proper execution of this strategy, entrepreneurs and managers need to create loophole-free and sound consulting agreements. In this article, you will learn just how to do that. Plus, you will also get to download different consulting agreement templates that may suit your business needs.
5 Steps To Make a Consulting Agreement
A consulting agreement is a legal and binding contract between two or more parties where one party provides expert advice or recommendations based on the contractor’s business or organizational needs. If you are a business owner, use the short how-to guide below to learn how to write consulting agreements that will fit your situation or circumstance in the best way. And if you are a consultant yourself, use the guide below to craft agreements that will benefit you and your clients.
Step 1: Determine what kind of consulting services you need or provide.
The first step in writing a consulting agreement is to determine the kind of consultancy services that your company needs or the kind of expert consultancy service that you provide. The description of these services should be accurate and consistent with the services rendered or provided.
Step 2: Decide on the terms of the agreement.
Next, determine the specific terms of the consultancy agreement. This is usually best agreed upon by both parties but, sometimes, it can help save time if one party has already come up with the basic terms of service. A few things to include in the agreement’s terms are the length of the agreement, the payment terms, the liability limitations, and expenses incurred during the length of the agreement.
Step 3: Add confidentiality and/or non-compete clauses.
As an entrepreneur, it is your best interest to add confidentiality and non-compete clauses in your consulting agreements. This will prevent any legal issues down the road. And, as a consultant, your clients will trust you more with their businesses or organizations since they have protection against possible corporate espionage or intellectual property theft.
Step 4: Download a printable consulting agreement template.
Then, once all the details have been decided upon, it’s time to lay out all this information into an actual consulting agreement. The most efficient way to do that is through the use of a pre-made consulting agreement template. A few downloadable examples are embedded in this article.
Step 5: Let a lawyer review the entire consulting agreement.
Lastly, before printing and signing the agreement, make sure that you let your lawyer review the entire agreement or service contract. This way, he/she can catch any loophole or legal misrepresentations and make the necessary corrections before the agreement is signed by both parties.
Follow all the steps above and you will soon have an excellent consultant agreement that will benefit both parties. For more business tips and templates, check out the rest of your website.
11+ Consulting Agreement Templates
As promised, embedded below are fully downloadable consulting agreement templates in MS Word, Google Docs, and Apple Pages file formats. Feel free to peruse each agreement template and download the one that best matches your organization’s consulting needs.
1. Consultant Agreement Template
The Consultant Agreement Template (shown above) is a five-page agreement template that consists of comprehensive business information and contract details that most consultancy businesses need in service contracts. Use this printable template if you already are a business consultant to organize and simplify your daily business transactions.
2. Consulting Agreement Template
The Consulting Agreement Template (featured above) is best used by advisers and consultants who prefer simple service agreements or contracts with their clients. This template includes a table of services and their corresponding rates that clients can easily understand when presented with the agreement. Doing this also makes a more transparent invoicing process later on.
3. Restaurant Consulting Agreement Template
4. Consulting Agreement with Sharing of Software Revenues Template
As its name implies, the Consulting Agreement with Sharing of Software Revenues Template (pictured above) is best used by web or software consultants and their clients. When using this template, make sure to edit each text placeholder with the accurate client/consultant information and the corresponding terms of your agreement.
5. Consulting Retainer Agreement Template
Try out the Consulting Retainer Agreement Template (embedded above) if you are looking for a full-time consultant for your business or organization. This six-page document template includes everything you will need in crafting a legal and binding contract with a retainer consultant.
6. Consulting Services Agreement Sample
The best thing about the Consulting Services Agreement Sample (shown above) is its versatility. This document template may be used by any kind of organization or business establishment since it is fully editable and includes universal legal verbiage. When editing this template, do not forget to add your company letterhead or logo design.
7. Investment Consulting Agreement Template
The Investment Consulting Agreement Template (featured above) is best used by those who are operating an investment consultancy firm. This agreement template consists of nine pages of detailed legal clauses and conditions pertaining to the investment and banking industry. This template may be used for individual clients or for groups (i.e., investment boards).
8. Printable Marketing Consulting Agreement Template
The goal of a marketing consultant is to provide sound and legal advice as to how a company or organization can be improve and/or leverage their products or services through advertising. The Printable Marketing Consulting Agreement Template (pictured above) is best used to cement the partnership for this kind of business transaction. By using this consulting agreement template, clients will have a clearer picture of what services they will be receiving to help achieve their end goal.
9. Real Estate Consulting Agreement Template
Are you a consultant providing individuals and organizations with expert advice in the real estate market? If yes, you will find the Real Estate Consulting Agreement Template (embedded above) as it can help you tell people about your services in a professional and legal manner. This five-page legal agreement template is fully editable so you can add, change, or remove any agreement wording that may or may not apply to your client’s specific circumstance.
10. Marketing Consulting Agreement Template
With the Marketing Consulting Agreement Template (featured above), you will have more chances in getting a client to trust you and your company in terms of providing reliable marketing advice. This template may be used for different kinds of organizations or businesses whose end goal is to create and/or improve their advertising reach. Edit this template to match your business’ branding identity.
11. Restaurant Consulting Agreement Template
Are you an expert in the food and dining industry? If yes, check out the Restaurant Consulting Agreement Template (pictured above). This five-page agreement template details everything that a restaurateur should expect from a restaurant consultant. Everything is presented in an organized and easy-to-understand manner that you may easily customize the text placeholders with your own client’s information and your own service details.
12. Free Consulting Agreement Template
Use the Free Consulting Agreement Template (shown above) if you are looking for a fill-in-the-blanks type of agreement template. This document template is perfect for those who are providing simple consultancy services or those who do not want to be bothered with all the legalese of a professionally crafted consulting service agreement template.