The Financial Advisory Agreement is essential for establishing formal advisory relationships in the Danish financial services sector. It is typically used when a financial advisor or firm begins providing professional financial advisory services to clients, whether individuals or organizations. The agreement must comply with Danish financial regulations, particularly the Financial Business Act and MiFID II implementation requirements, while also addressing EU-wide regulations such as GDPR. It covers crucial elements including service scope, fee structures, risk disclosures, client classifications, and advisor obligations. This document is particularly important in Denmark's highly regulated financial services environment, where clear documentation of the advisory relationship and associated responsibilities is mandatory.

1. Parties: Identification of the financial advisor and the client, including registration numbers and contact details

2. Background: Context of the agreement and brief description of the parties' intention to enter into a financial advisory relationship

3. Definitions: Key terms used throughout the agreement, including regulatory terms and service-specific definitions

4. Scope of Services: Detailed description of the financial advisory services to be provided, including any limitations

5. Client Classification: Classification of the client according to MiFID II categories (retail/professional/eligible counterparty)

6. Advisor's Obligations: Detailed responsibilities and duties of the financial advisor, including compliance with regulatory requirements

7. Client's Obligations: Client's responsibilities, including providing accurate information and updating relevant changes

8. Fees and Payment: Comprehensive fee structure, payment terms, and any additional costs

9. Conflicts of Interest: Disclosure and management of potential conflicts of interest

10. Confidentiality: Confidentiality obligations and data protection requirements under GDPR

11. Term and Termination: Duration of the agreement and conditions for termination

12. Liability and Indemnification: Extent and limitations of advisor's liability and indemnification provisions

13. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes