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Professional Services Engagement Letter
"I need a Professional Services Engagement Letter for my management consulting firm to engage a mid-sized tech company for a 6-month digital transformation project starting January 2025, with specific provisions for remote working and data security compliance."
1. Opening Salutation: Professional greeting and reference to any previous discussions or meetings
2. Introduction: Brief overview of the purpose of the engagement letter
3. Scope of Services: Detailed description of the professional services to be provided, including specific deliverables and any exclusions
4. Team and Resources: Key personnel who will be involved in providing the services and their roles
5. Fees and Payment Terms: Detailed fee structure, payment schedule, expenses policy, and billing arrangements
6. Timeline: Expected duration of the engagement, key milestones, and delivery dates
7. Professional Standards: Reference to applicable professional standards, regulations, and quality commitments
8. Confidentiality: Obligations regarding confidential information and data protection
9. Limitation of Liability: Terms limiting the service provider's liability and professional indemnity details
10. Closing and Acceptance: Signature blocks and instructions for accepting the engagement
1. Client Obligations: Specific requirements and responsibilities of the client, included when significant client input or cooperation is needed
2. Conflict of Interest: Disclosure of potential conflicts and mitigation measures, included for regulated industries or complex engagements
3. Sub-contracting Rights: Terms regarding the use of third-party providers or subcontractors, included when relevant to service delivery
4. Intellectual Property Rights: Terms regarding ownership and use of intellectual property, included when deliverables include creative or technical works
5. Regulatory Compliance: Specific regulatory requirements and compliance obligations, included for regulated industries
1. Fee Schedule: Detailed breakdown of fees, rates, and charging structures
2. Service Level Agreement: Specific performance metrics, service standards, and response times
3. Standard Terms of Business: Detailed terms and conditions governing the professional relationship
4. Team Profiles: Professional credentials and experience of key team members
5. Project Timeline: Detailed project plan with key milestones and deadlines
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