A consultancy agreement is an agreement required by the company when they appoint an external consultant. The company may intend to avail services for some specific work, so they hire someone who has an expertise in that field. It is always advisable to enter into a contract with the consultant.The agreement is made between the consultant and the company. It mentions the scope of work along with the terms and conditions with respect to the appointment in the company.
Significant elements of the consultancy agreement are:
Scope of work: The agreement should specify the services, duties and obligations expected to be performed by the consultant. They can exercise their sole discretion in performing the work
Duration: The duration for which the company requires the services of the consultant should be mentioned in an agreement
Payment: The amount of compensation to be paid to the consultant should be mentioned in the agreement. Also the mode of payment and pocket expenses shall be mentioned in the agreement
Confidentiality: The consultant is expected to keep company information as confidential except the information already known to the general public
Termination: The agreement specifies the right to either of the parties to terminate the contract and notice period if required
Aconsultancy agreement covers all the aspects related to the task to be performed within the timelines. This agreement helps in benefitting both the company and the consultant. It also helps to avoid misunderstandings between both the parties. It also serves as a legal document in the event of any dispute between the consultant and the company.
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We are using high-end technology and SSL certificates to secure data. In addition to this,we are using AWS secured cloud storage together with 256-bit encryption.