Why a consulting agreement is important
It is important for the modern independent consultant to realize that we live in an age where people within client organizations change quickly. Without a written agreement of terms, you are without protection.
How to write a consulting agreement
Consultng agreements are part of establishing a non-employee relationship with your client. It not only protects you – it protects your client. If an organization misclassifies an employee as “independent contractor,” they could be held liable for penalties, extra taxes, recordkeeping, and safety requirements. A consulting agreement or contract is an important step in validating the independent contractor relationship that you enter into with a client.
Contracts ensure that you and the client have put your respective expectations in writing. A contract clearly articulates the services to be performed, the timeline for completion, duration of the contract, and payment terms and conditions. Consulting agreements also establish a solid foundation for you and your client.
A consulting agreement can be as simple as a single page or a lengthier document; what matters is that you have a legal framework in place, signed by both parties, that covers the worst case scenario.
Consulting Contracts Guide
In our Consulting Contracts Guide, you will learn about:
- the types of contracts and agreements you may want to use, including Master Services Agreements, Independent Contractor agreements and Memorandums of Understanding
- key terms used in contracts and what they mean
- terms and contract language to avoid
- how to include your payment terms
- how to negotiate contract terms
Consulting Agreement Templates
In our guide, you can also access and download three consulting agreement templates:
- Independent Contractor Agreement Template
- Consulting Agreement Template
- Consulting Contract Template with Concerns Highlighted
Download our Consulting Agreement Templates