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A consultancy agreement is required when the company choose any other external consultant or if the company wish to create services to designate certain work so that appoint someone who is an expert in that specific area. In that cases it is better to get into a consultant contract. It is mainly stated between the consultant and the company.
The consulting agreement describe the services that is provided the agreement should also define the responsibilities and duties of the consultant. It should Also lament the time period and payment terms which include the amount of payment quoted to the consultant. It should also provide the details including when to pay , either monthly or quarterly, the payment mode and if any requirements extra amounts should be mentioned. Dispute resolution, in case if you pursue an formal dispute mediation and resolution procedure before the commencement of legal action. Limitations of the liability. The consultant should the confidential maintain information. The agreement also laments the termination of the consultants notice period.
The consultancy agreement provides advantages to both the consultant and the company. Other advantages are it helps to keep away misunderstandings of both the company and consultant. The contract provides a legal document. If any dispute the agreement also provides the work range. It should also lament the relationship between business parties
A sample endorsement letter is necessary for documentation of the consultancy agreement. The detained format of the letter is given below;
From
_
_
Date: _
To
_
_
_
_
Subject; ____
(Lament the purpose)
Respected ; ___
(consultant's name)
I am __will be joining as consultant for your company ___ l have signed the consultancy agreement. Kindly note that this letter is to make sure that I have read all the terms and conditions and work according to the agreement throughout the process. I hope the company will also do the same
Thank you
Sincerely,
____
Name and signature
The Consulting Engineers Association of India (CEAI) has requested the Govt. to declare COVID-19 as a force majeure event. CEAI wants this event to be included in the ‘Force Majeure’ clause of all consultancy agreements with infra companies.
The Delhi Metro Rail Corporation Limited (DMRC) has finalized the deal to avail detail design consultancy services for the Phase 1 of the Patna Metro rail Project. The consultancy agreement in this regard has been signed with AECOM, the Singapore-based joint venture.
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