Tailored for senior advisors, business strategists, and technical consultants, this agreement outlines the advisory scope, retainer fees, and performance parameters. It protects the business by establishing clear service-level agreements (SLAs), detailed liability caps, and robust non-compete/non-solicit clauses, ensuring that strategic projects are executed with high standards while keeping corporate assets secure under the Indian Contract Act, 1872.
Establishes precise advisory deliverables, project milestones, and timelines, preventing project drift and billing inflation.
Outlines the billing arrangement, including monthly retainers, milestone-based payments, and expense reimbursement criteria.
Defines reasonable liability limits and indemnities to protect both parties from disproportionate commercial risks.
Enforces strict confidentiality and non-solicitation guidelines, preventing consultants from sharing competitive data.
A Freelancer Agreement typically focuses on specific, tactical deliverables like graphic design or copywriting. A Consultancy Agreement focuses on higher-level strategic advisory services, technical expertise, and long-term retainer-based corporate support.
Consultants usually retain ownership of their pre-existing methodologies and 'know-how' (background IP). However, any custom reports, codes, or strategic insights developed specifically for your business (foreground IP) are transferred to you.
Under the Indian Income Tax Act, payments to professional consultants are subject to Tax Deducted at Source (TDS) under Section 194J (typically 10% for professional services or 2% for technical services), which must be filed quarterly by the company.
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Incorporate a Private Limited Company to secure limited liability, build investor trust, and establish a scalable corporate structure.
