Consulting / Advisory Agreement

• Both parties must sign for the agreement to be legally binding.
• The scope of services should be described as specifically as possible to avoid disputes.
• Without an explicit IP clause, intellectual property created may remain with the consultant - include an ownership clause if the client requires ownership.
• Courts may reclassify a consulting arrangement as employment if the reality of the relationship matches employment - seek independent tax advice.
• Non-compete and non-solicitation clauses must be reasonable in scope, geography and duration to be enforceable.
• Notice and termination clauses protect both parties - without them, either side may terminate immediately.
• A confidentiality clause within this agreement functions as an embedded NDA - a separate NDA may be redundant.
• Consulting fee tax treatment varies significantly by country - always verify the position in the relevant jurisdiction.

This is public legal information, not legal advice. Rules vary by jurisdiction - always verify requirements in your country. For complex situations, consult a qualified solicitor.