What is a Consultancy Agreement?
A Consultancy Agreement is a legal contract which a self-employed individual enters into with a client company for the purposes of providing consulting services. A Consultancy Agreement is used where the arrangement will not fall under the IR35 provisions or the off-payroll working rules.
Freelance Agreements and Service Agreements can have different meanings, however if you are unsure whether a Consultancy Agreement is right for you or your business, please speak with one of our Commercial Contract lawyers today.
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Why enter into a Consultancy Agreement?
- Steer clear of ‘deemed employment’, the IR35 provisions and off-payroll working rules.
- Clarify and confirm the scope and full extent of your contractual relationship with the other party.
- Limit your liability in case the working relationship goes sour.
Who needs Consultancy Agreements?
- Businesses looking for consultancy advice
- Consultants providing professional services (including lawyers, accountants, architects, engineers)
- Those looking to review their existing Consultancy Agreements.
How long does it take to draft a Consultancy Agreement?
For basic Consultancy Agreements, it can take up to 7 days to prepare a first draft and up to 14 days to provide a final version. For more complicated Consultancy Agreements, please speak with our Commercial lawyers today, to receive an estimate of long it may take.
How do I get started?
- We’ll ask you to sign and return our Client Care Letter and to place monies on account.
- Depending on your availability, we’ll schedule a call within 7 working days, to take your instructions and learn about your business.
- We’ll aim to provide you with a first draft 7 workings days after taking your instructions.
- Once we receive your feedback, we’ll send you a final version of your Consultancy Agreement, ready for your business to use.
Review
- Review an existing Agreement
- Provide a legal opinion and summary of key clauses
- No amendments
Negotiate
- Review an existing Agreement
- Make amendments to the document
- Correspond with the other party’s solicitors
Create
- Create a new Agreement
- We’ll prepare a first draft for you to review and provide feedback
- We’ll incorporate any amendments and provide you with a second and final version.
OUR FIXED FEES
Quotations are confirmed in writing before work begins. Fees depend on complexity, the number of parties and turnaround required.
| Tier | What it covers | Approximate Timeframe | Fixed Fee |
|---|---|---|---|
| Review | Review of your existing Consultancy Agreement, report with prioritised risk table and suggested amendments | 7-14 days | From £500.00 |
| Bespoke Draft | New Consultancy Agreement drafted from scratch for your business, plus one round of amendments | 2-3 weeks | From £750.00 |
| Negotiation | Multi-party or heavily negotiated agreements, ongoing negotiation support to signature | Upon enquiry | From £600.00 |