Financial Consultant Contract Template for United Arab Emirates

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Key Requirements PROMPT example:

Financial Consultant Contract

"I need a Financial Consultant Contract for hiring an individual consultant to provide investment advisory services to my UAE-based family office, with the contract starting January 1, 2025, and including specific provisions for Islamic finance compliance."

Document background
This Financial Consultant Contract is designed for use in the United Arab Emirates when engaging professional financial advisory services. It serves as a legally binding agreement that outlines the terms and conditions under which a financial consultant or consulting firm provides expert financial advice and services to clients. The document incorporates key requirements from UAE federal laws, including UAE Federal Law No. 14 of 2018 (Central Bank Law) and relevant SCA regulations. It is particularly important in the UAE market where financial consulting must align with both conventional and Islamic finance principles. The contract typically includes detailed provisions for service scope, regulatory compliance, confidentiality, and professional liability, making it suitable for various financial advisory relationships ranging from individual consultants to large consulting firms serving corporate clients.
Suggested Sections

1. Parties: Identification of the consultant and the client, including full legal names, addresses, and registration details

2. Background: Context of the agreement and brief description of the parties' intentions

3. Definitions: Key terms used throughout the agreement

4. Scope of Services: Detailed description of the financial consulting services to be provided

5. Term and Appointment: Duration of the agreement and formal appointment of the consultant

6. Consultant's Obligations: Key responsibilities, duties, and service standards of the consultant

7. Client's Obligations: Responsibilities of the client, including providing necessary information and cooperation

8. Fees and Payment Terms: Consulting fees, payment schedule, expenses, and invoicing procedures

9. Regulatory Compliance: Compliance with UAE financial regulations and licensing requirements

10. Confidentiality: Protection of confidential information and trade secrets

11. Representations and Warranties: Statements of fact and promises made by both parties

12. Liability and Indemnification: Limitations of liability and indemnification obligations

13. Termination: Circumstances and procedures for ending the agreement

14. Dispute Resolution: Process for resolving disputes, including jurisdiction and applicable law

15. General Provisions: Standard legal provisions including notices, amendments, and assignment

Optional Sections

1. Non-Competition: Restrictions on consultant's ability to work with competitors, used when protecting client relationships is crucial

2. Intellectual Property Rights: Ownership and use of any IP created during the consultation, needed when deliverables include original content or methodologies

3. Insurance Requirements: Specific insurance coverage requirements, important for high-value consulting arrangements

4. Data Protection: Specific provisions for handling personal and financial data, essential when dealing with sensitive client information

5. International Services: Additional provisions for cross-border services, needed when consultant operates across multiple jurisdictions

6. Force Majeure: Provisions for unforeseen circumstances preventing performance, important in long-term arrangements

7. Anti-Money Laundering Compliance: Specific AML obligations, necessary when dealing with financial transactions or advice

8. Performance Metrics: Specific KPIs and performance standards, useful for long-term or complex engagements

Suggested Schedules

1. Schedule 1 - Scope of Services: Detailed breakdown of specific financial consulting services to be provided

2. Schedule 2 - Fee Structure: Detailed fee calculations, rates, and payment terms

3. Schedule 3 - Service Levels: Specific performance standards and response times

4. Schedule 4 - Compliance Requirements: Specific regulatory requirements and compliance procedures

5. Schedule 5 - Key Personnel: Details of key team members and their qualifications

6. Appendix A - Required Certifications: Copies of relevant licenses and certifications

7. Appendix B - Reporting Templates: Standard formats for reports and documentation

8. Appendix C - Client Policies: Relevant client policies that consultant must comply with

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Financial Services

Banking

Investment Management

Real Estate

Insurance

Private Equity

Venture Capital

Corporate Finance

Islamic Finance

Wealth Management

Asset Management

Capital Markets

Financial Technology

Treasury Services

Relevant Teams

Legal

Finance

Procurement

Compliance

Risk Management

Treasury

Corporate Development

Investment

Operations

Human Resources

Governance

Strategy

Relevant Roles

Chief Financial Officer

Finance Director

Financial Advisor

Investment Consultant

Wealth Manager

Financial Planning Consultant

Treasury Consultant

Risk Management Advisor

Corporate Finance Consultant

Investment Strategist

Financial Controller

Finance Manager

Compliance Officer

Legal Counsel

Procurement Manager

Industries
UAE Federal Law No. 8 of 2004 (Financial Free Zones Law): Establishes the framework for financial free zones in the UAE and regulates financial services activities within these zones
UAE Federal Law No. 2 of 2015 (Commercial Companies Law): Governs commercial relationships and business operations in the UAE, including consulting services and professional relationships
DIFC Law No. 1 of 2004 (Regulatory Law): Specific regulations for financial services in the Dubai International Financial Centre, relevant if the consultant operates within or deals with DIFC entities
UAE Federal Law No. 14 of 2018 (Central Bank Law): Regulates financial institutions and banking activities, including certain types of financial advisory services
UAE Federal Law No. 18 of 1993 (Commercial Transactions Law): Governs commercial transactions and business relationships between parties
UAE Federal Law No. 5 of 1985 (Civil Transactions Law): Provides the general framework for contractual relationships and obligations between parties
SCA Decision No. 13 of 2021: Regulations concerning financial activities and services, including financial consulting and advisory services
UAE Federal Law No. 8 of 1980 (UAE Labor Law): May be relevant for determining the nature of the consulting relationship and ensuring it doesn't create an employment relationship
UAE Federal Law No. 4 of 2000 (UAE Securities and Commodities Authority): Regulates securities and commodities markets, relevant if the consultant provides advice on securities or investment products
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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