In addition to specifying what the consultant is obligated to do on behalf of the client, the Consulting Agreement also needs to specify the client's obligations to the consultant. The Consulting Agreement should include the agreed upon rate of pay and the terms of payment. For example, some Consulting Agreement contract terms may allow consultants to bill in advance, some specify weekly basis, and others allow billing only upon final completion of the project.
Both the client and the consultant need to fully understand the information contained in the agreement, and both parties need to sign the document. Consulting Agreement forms are important legal documents. It is important to use legal forms that fully protect the interests of all parties involved in the Consulting Agreement.
Lastly, depending on the sort of work being performed, it might be a great idea to create a non-disclosure agreement. If your consultant will have insight into any sort of trade secrets, special recipes, or anything else that makes your company uniquely yours, a non-disclosure agreement protects you from the consultant later divulging that information.
This article contains general legal information and does not contain legal advice. Rocket Lawyer is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.