Believe it or not, an effective consulting contract needs 18 components to get the job done. Some of these components are purely legal considerations, but the vast majority of them are actually crucial to the day-to-day nature of your work with a client. It is always best to write them with the help of a lawyer who understands your specific business and your industry. This is an absurdly usual part of running a service business, and fortunately, it is something that you can preemptively resolve in your contract by listing all the necessary contributions or actions on the part of the customer. 1.2 Time and availability. The advisor will devote hours per month to the performance of services to the company, as stated here in this book. The advisor is free to choose the dates and times at which he provides such consulting services during the month, taking due account of the needs of the company. If the company feels it is necessary for the advisor to provide more than hours in a month, the advisor is not required to do this work until the advisor and the company have agreed to a rate of pay. [The time spent can be hours a day, a week or a year. The company may also choose to pay a flat monthly fee, regardless of hours, but the company must be careful for this approach.] It also deals with non-competition and non-competition conditions, preventing the consultant from unduly competing or requesting transactions from the client. 9.3 Full agreement. This agreement is the complete agreement, sets out the parties` full understanding and approval of the purpose of this agreement, and replaces all previous discussions and agreements relating to the purpose of this agreement, either in writing or orally. 3.1 Compensation.
The company pays the advisor monthly for the services provided to the company under this agreement. The monthly allowance is paid in the first month after the month in which the services were provided. Monthly compensation is paid regardless of the number of hours the counsellor has completed in a given month. [Another way is to pay every hour and need monthly documentation. The monthly allowance would be reduced by the hourly rate for the number of hours that are less than the hours without hours.] This contract cannot be terminated by any of the parties until [90 days] after the aforementioned date. In the event that the customer wishes to terminate services under this directive, the customer must submit a written request to the company at least seven (7) days before the desired termination date. Written requests for termination can be made by mail or email. If the customer chooses to terminate this contract in writing, all funds owed to the company are immediately due and billed automatically to the customer`s payment method.