What is a consulting agreement?

A consulting agreement is concluded between a company that has a task to be performed and a consultant who performs the agreement in question. The purpose of the agreement is for both parties to agree in writing what is expected of each other and what obligations they have towards each other. This eliminates any uncertainty or doubt about what has actually been agreed.

Why is it important?

A consultancy agreement is important because it creates an overview of the rules that apply to the collaboration between the company and the consultant. This creates both security and allows for better collaboration, as well as increasing one’s focus, as one knows one’s legal position.

Collaboration between a company and a consultant can create misunderstandings or confusion, as they may have different working methods, which is why it is important to agree on what is expected of each other.

Examples of what a consultancy agreement may contain:

Who are the parties
Background of the consultancy agreement
Detailed description of the assignment
Time of performance of the assignment
Where the assignment is to be performed
Rights and obligations
Remuneration
Regulation of intellectual property rights
Confidentiality and loyalty as well as non-competition and customer clauses
Duration
Liability and insurance
Entry into force, termination and termination of the agreement
Arbitration
Other terms
Jurisdiction