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Success Fee Consulting Agreement
"I need a Success Fee Consulting Agreement for a tech startup in Manila, where the consultant will help secure Series A funding by March 2025, with success fees calculated as 2% of funds raised and Philippine law governing the agreement."
1. Parties: Identification of the consultant and the client, including full legal names, addresses, and registration details if applicable
2. Background: Context of the agreement, including the client's needs and consultant's expertise
3. Definitions: Key terms used throughout the agreement, including 'Success Event', 'Success Fee', 'Services', and 'Confidential Information'
4. Scope of Services: Detailed description of the consulting services to be provided
5. Success Criteria: Clear definition of what constitutes success and triggers the success fee payment
6. Fees and Payment Terms: Structure of success fees, calculation method, payment timing, and any base fees or expenses
7. Term and Termination: Duration of the agreement and circumstances for early termination
8. Consultant's Obligations: Key responsibilities, standards of service, and compliance requirements
9. Client's Obligations: Client's responsibilities, including providing necessary information and cooperation
10. Confidentiality: Protection and handling of confidential information
11. Non-Solicitation: Restrictions on hiring or soliciting either party's personnel
12. Representations and Warranties: Basic promises and guarantees made by both parties
13. Limitation of Liability: Caps on liability and exclusions of certain types of damages
14. Governing Law and Dispute Resolution: Choice of Philippine law and method of resolving disputes
15. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. Intellectual Property Rights: Required when the consulting services may result in creation of intellectual property
2. Data Protection: Needed when personal or sensitive data will be processed during the engagement
3. Anti-Corruption Compliance: Important when dealing with government-related projects or regulated industries
4. Force Majeure: Useful for long-term engagements or when external factors could significantly impact success
5. Insurance: Relevant for high-risk consulting projects or when required by client policy
6. Multiple Consultant Provisions: Required when services are provided by a team of consultants
7. International Payments: Necessary when payments involve foreign currency or cross-border transfers
8. Non-Compete: Optional restriction on consultant's ability to work with competitors
9. Succession Planning: Important for long-term projects where consultant continuity is crucial
1. Schedule A - Scope of Services: Detailed breakdown of services, deliverables, and timelines
2. Schedule B - Success Fee Calculation: Detailed formula and examples of success fee calculations
3. Schedule C - Key Personnel: List of key consultants and their roles if multiple consultants are involved
4. Schedule D - Project Milestones: Specific project stages and corresponding success criteria
5. Schedule E - Expense Policy: Guidelines for reimbursable expenses and approval processes
6. Appendix 1 - Compliance Requirements: Specific regulatory or industry compliance requirements
7. Appendix 2 - Required Reports: Templates or formats for progress reports and documentation
8. Appendix 3 - Client Policies: Relevant client policies that consultant must comply with
Authors
Management Consulting
Financial Services
Real Estate
Technology
Healthcare
Manufacturing
Energy
Telecommunications
Education
Professional Services
Mining and Natural Resources
Infrastructure Development
Retail and Consumer Goods
Business Process Outsourcing
Agriculture and Agribusiness
Legal
Finance
Procurement
Human Resources
Business Development
Strategy
Operations
Risk and Compliance
Corporate Development
Executive Leadership
Project Management Office
Commercial Operations
Investment
Mergers and Acquisitions
Chief Executive Officer
Chief Financial Officer
Business Development Director
Strategy Consultant
Management Consultant
Project Manager
Legal Counsel
Corporate Lawyer
Finance Director
Investment Advisor
Business Advisor
Operations Director
Procurement Manager
HR Director
Commercial Director
Merger & Acquisition Specialist
Business Development Manager
Strategic Planning Manager
Risk Manager
Compliance Officer
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