Terms and Conditions

Below are the key factors taken into account but each contract is unique.

In the UK, business development consulting firms often tailor their terms and conditions (T&Cs) to the specific services they offer and the needs of their clients. However, there are several common elements you might expect to see in their T&Cs. Here’s a summary of typical terms and conditions:

  1. Definition of Services: A clear outline of the consulting services to be provided, including the scope of work, deliverables, timelines, and any specific goals or objectives.
  2. Fees and Payment Terms: Detailed information on consultancy fees, including any retainer fees, hourly rates, or project-based fees. Payment terms, such as due dates for invoices and acceptable methods of payment, are also specified.
  3. Expenses: Conditions under which any expenses incurred by the consultant in the course of providing the services will be reimbursed by the client. This usually includes specifics on what types of expenses are reimbursable and any required documentation (e.g., receipts).
  4. Duration and Termination: The length of the consultancy agreement and terms under which either party may terminate the contract. This often includes notice periods and conditions for early termination, including any penalties or final payment arrangements.
  5. Confidentiality: Clauses to protect any confidential information shared between the client and the consultant during the consultancy period. This section defines what is considered confidential and the obligations of both parties to protect it.
  6. Intellectual Property Rights: Specifications on the ownership of any intellectual property (IP) created during the consultancy. This typically includes details on how IP is to be handled, transferred, or licensed.
  7. Liability and Indemnity: Terms that outline the liability of the consultant for the services provided, including any limitations on liability. Indemnity clauses may also protect the consultant against claims arising from the provided services.
  8. Dispute Resolution: Procedures for resolving any disputes that arise during the consultancy, often including mediation or arbitration as steps before litigation.
  9. Governing Law: The legal jurisdiction and laws under which the contract will be interpreted and disputes resolved. For the UK, this will typically specify English law, Scottish law, or the laws of another UK region, depending on where the firm or client is based.
  10. Force Majeure: Clauses that release both parties from liability or obligation when an extraordinary event or circumstance beyond their control prevents one or both parties from fulfilling their contractual obligations.
  11. Amendments: Conditions under which the terms of the contract can be amended, usually requiring written agreement from both parties.

It’s important for both consultants and clients to carefully review and understand the terms and conditions before entering into an agreement.