Success Fee Consulting Agreement Template for Belgium

The Success Fee Consulting Agreement is utilized when engaging consultants or advisory firms in Belgium where compensation is partially or fully contingent on achieving specific outcomes or performance metrics. This document type is particularly relevant for projects with clearly definable success criteria, such as cost reduction initiatives, revenue enhancement projects, merger & acquisition deals, or business transformation programs. The agreement, governed by Belgian law, typically includes detailed provisions for service scope, success metrics, fee calculations, and payment triggers, while ensuring compliance with Belgian commercial and contract law requirements. It's essential for both parties as it aligns interests and provides clear frameworks for measuring success and determining compensation, while incorporating necessary protections and obligations for both consultant and client.

1. Parties: Identification of the Consultant and the Client, including full legal names, registration numbers, and registered addresses

2. Background: Context of the agreement, brief description of the Client's business, Consultant's expertise, and the purpose of the engagement

3. Definitions: Key terms used throughout the agreement, including 'Services', 'Success Fee', 'Success Criteria', 'Deliverables', and 'Project'

4. Scope of Services: Detailed description of the consulting services to be provided, including any specific deliverables or milestones

5. Success Criteria: Clear and measurable criteria that determine when a success fee becomes payable

6. Fees and Payment Terms: Structure of fees, including base fee (if any), success fee calculation method, payment timing, and invoicing procedures

7. Term and Termination: Duration of the agreement, renewal terms, and circumstances under which either party may terminate

8. Consultant's Obligations: Key responsibilities, performance standards, and commitments of the Consultant

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

10. Intellectual Property: Ownership and usage rights of any intellectual property created during the engagement

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

12. Data Protection: Compliance with GDPR and Belgian data protection laws

13. Limitation of Liability: Caps on liability and exclusions in accordance with Belgian law

14. Governing Law and Jurisdiction: Confirmation of Belgian law as governing law and jurisdiction for disputes