Engagement Agreements
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info@kowtunlaw.comEngagement Agreements: Managing Client Relationships To Secure Your Financial and Legal Position
An engagement agreement is a legally binding contract that formally defines the relationship between a service provider and a client. A strong engagement agreement acts as a critical risk management tool by precisely defining the scope of work, responsibilities, and terms.
The Advantage of Professionally Drafted Engagement Agreements
Don’t let vague templates or verbal promises undermine your business. We custom- draft engagement agreements tailored to the unique way you deliver services, avoiding common pitfalls such as industry-specific risks or payment issues. We ensure that your agreements are clearly articulated and legally sound, protecting your bottom line.
Contact us today to discuss drafting your engagement agreements.
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Frequently Asked Questions
It is the foundational contract that defines the business relationship between your company and your client or customer, outlining the work to be done and the payment terms.
A clear payment schedule and collection provisions help secure payment.
We advise our clients to incorporate a Limitation of Liability clause, which caps the amount of damages your business can be held responsible for, often to the amount of fees paid by the client.
It requires the client to defend and cover your losses if a third party sues you because of the client's actions or negligence related to the services provided.
Yes, absolutely. Our team ensures the agreement clearly states who owns the IP created during the engagement, usually that the IP is assigned to the client upon final payment.
Yes, we advise our clients to create a new Engagement Agreement for every client. While you may have many common provisions in your Engagement Agreements, each agreement should include the unique terms of service for each specific client.
It specifies which jurisdiction’s law the agreement will be interpreted under and where any dispute will be decided.
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