Success Fee Consulting Agreement Template for Austria

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Key Requirements PROMPT example:

Success Fee Consulting Agreement

"I need a Success Fee Consulting Agreement for engaging a management consultant to optimize our manufacturing operations in Austria, with success fees tied to documented cost savings of at least 15% over the first 6 months of 2025, including specific KPIs for energy efficiency and waste reduction."

Document background
The Success Fee Consulting Agreement is designed for professional consulting arrangements under Austrian law where payment is primarily or partially contingent on achieving specific results or milestones. This document is particularly useful when engaging consultants for projects with definable success metrics, such as cost reduction initiatives, revenue improvement, merger completions, or operational efficiency gains. The agreement carefully balances the interests of both parties by providing clear success criteria, measurement methodologies, and payment triggers while ensuring compliance with Austrian legal requirements regarding service contracts and success-based compensation. It includes necessary safeguards for both the consultant and the client, addressing key aspects such as service scope, performance verification, and dispute resolution mechanisms.
Suggested Sections

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

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

3. Definitions: Key terms used throughout the agreement, including specific definitions of success metrics and fee calculations

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

5. Success Criteria: Clear definition of what constitutes success and triggers fee payment

6. Success Fee Structure: Detailed explanation of how success fees are calculated, including any caps or minimum thresholds

7. Payment Terms: Timing and method of success fee payments, including verification of success criteria

8. Consultant's Obligations: Specific duties, responsibilities, and standard of care required from the consultant

9. Client's Obligations: Client's responsibilities, including provision of information and cooperation

10. Term and Termination: Duration of the agreement and circumstances for early termination

11. Confidentiality: Protection of confidential information exchanged during the engagement

12. Intellectual Property: Ownership and usage rights of materials and deliverables

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

14. General Provisions: Standard clauses including governing law, notices, and entire agreement

Optional Sections

1. Non-Competition: Restrictions on consultant's ability to work with competitors, used when sensitive industry knowledge is involved

2. Non-Solicitation: Restrictions on hiring parties' employees, used in longer-term engagements

3. Insurance: Requirements for professional liability insurance, used in high-value or high-risk consulting

4. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in long-term or complex projects

5. Data Protection: Specific GDPR compliance measures, required when personal data processing is involved

6. Dispute Resolution: Alternative dispute resolution procedures, useful for international or high-value agreements

7. Service Levels: Specific performance metrics, used when service quality is quantifiable

8. Compliance with Laws: Specific regulatory compliance requirements, needed in regulated industries

Suggested Schedules

1. Schedule A - Detailed Services Description: Comprehensive list and description of consulting services to be provided

2. Schedule B - Success Metrics and Calculations: Detailed methodology for measuring success and calculating fees

3. Schedule C - Fee Schedule: Detailed breakdown of success fee percentages, thresholds, and caps

4. Schedule D - Key Personnel: List of key consultant team members and their roles

5. Schedule E - Timeline and Milestones: Project timeline and key deliverables

6. Appendix 1 - Reporting Templates: Standard forms for progress reporting and success verification

7. Appendix 2 - Client Materials: List of materials and information to be provided by the client

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

Management Consulting

Financial Services

Technology

Real Estate

Mergers & Acquisitions

Business Strategy

Corporate Restructuring

Sales & Marketing

Operations Improvement

Digital Transformation

Energy & Utilities

Healthcare

Manufacturing

Private Equity

Venture Capital

Relevant Teams

Legal

Procurement

Finance

Operations

Strategy

Business Development

Risk & Compliance

Project Management Office

Commercial

Contract Management

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Head of Procurement

Legal Counsel

Contract Manager

Procurement Manager

Business Development Director

Strategy Director

Project Manager

Management Consultant

Business Consultant

Financial Advisor

Operations Director

Commercial Director

Risk Manager

Compliance Officer

Industries
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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