Advisory Agreement Template for Qatar

An Advisory Agreement sets out the terms when someone hires a professional advisor to provide expert guidance, typically in fields like business, finance, or investments in Qatar. The agreement spells out what advice the advisor will give, how they'll deliver it, and what they'll charge for their services.

Under Qatari commercial law, these agreements must clearly outline confidentiality obligations, conflict of interest policies, and the scope of the advisor's authority. They're especially common in Qatar's financial sector, where advisors help navigate complex business decisions while following Qatar Financial Centre regulations and local business practices.

Advisory Agreements become essential when bringing in external expertise for complex business decisions in Qatar. They're particularly valuable when expanding into new markets, structuring major transactions, or navigating Qatar Financial Centre regulations. Companies typically need these agreements when seeking guidance on investment strategies, corporate restructuring, or market entry plans.

The timing is crucial - put an Advisory Agreement in place before sharing sensitive business information or starting strategic discussions. This protects both parties and ensures compliance with Qatari commercial laws, especially in regulated sectors like banking, insurance, and real estate development where expert guidance carries significant legal implications.

• Advisory Board Member Agreement: For engaging individual experts to serve on company advisory boards, outlining meeting obligations and compensation structure.
• Advisory Services Agreement: Broader agreement for ongoing business consulting services, common in Qatar's corporate sector.
• Financial Advisory Agreement: Specifically for financial guidance, investment planning, and QFC-compliant wealth management services.
• Financial Consulting Services Agreement: Detailed arrangement for complex financial consulting projects, including market analysis and strategic planning.

• Business Advisors: Professional consultants, industry experts, and strategic advisors who provide guidance under the Advisory Agreement's terms in Qatar.
• Corporate Clients: Companies seeking expert advice, including Qatari businesses, multinational corporations, and QFC-registered entities.
• Legal Counsel: In-house or external lawyers who draft and review agreements to ensure compliance with Qatari law and QFC regulations.
• Board Members: Company directors who approve significant advisory engagements and oversee advisor relationships.
• Compliance Officers: Internal staff who monitor adherence to agreement terms and regulatory requirements, especially in financial services.

• Scope Definition: Clearly outline the advisory services, deliverables, and timeline expected under Qatari law.
• Party Details: Gather full legal names, registration numbers, and contact information for all involved parties.
• Fee Structure: Document payment terms, including rates, expenses, and payment schedules in Qatari Riyal.
• Regulatory Compliance: Check QFC requirements and specific industry regulations that apply to the advisory relationship.
• Confidentiality Terms: Define what information must be protected and how it will be handled.
• Documentation: Use our platform to generate a legally-sound Advisory Agreement that incorporates all these elements correctly.

• Party Identification: Complete legal names, addresses, and QFC registration numbers where applicable.
• Service Description: Detailed scope of advisory services, deliverables, and performance metrics.
• Term and Termination: Clear start date, duration, and conditions for ending the agreement.
• Compensation Terms: Fee structure, payment schedule, and expense reimbursement policies.
• Confidentiality Provisions: Information protection requirements under Qatar law.
• Governing Law: Explicit reference to Qatar law and jurisdiction for dispute resolution.
• Force Majeure: Provisions addressing unforeseen circumstances affecting performance.
• Signature Block: Space for authorized representatives to execute the agreement formally.

An Advisory Agreement differs significantly from an Agency Agreement in Qatar's legal framework. While both involve professional services, their scope and authority levels vary considerably.

• Authority Level: Advisory Agreements grant no direct decision-making power - advisors only provide recommendations. Agency Agreements authorize the agent to act and make decisions on behalf of the principal.
• Legal Liability: Advisors face limited liability for their recommendations under Qatar law, while agents bear direct responsibility for their actions and decisions.
• Scope of Service: Advisory Agreements focus on providing expertise and guidance in specific areas. Agency Agreements cover operational activities and business transactions.
• Duration: Advisory relationships often work on project-based or renewable terms, while agency relationships typically establish longer-term, ongoing representation.