The Advisory Services Agreement Template is essential for formalizing professional advisory relationships in Singapore's business environment. It provides a comprehensive framework for engaging advisors across various sectors, ensuring compliance with Singapore's legal requirements including the Contract Law (Chapter 53B) and relevant professional regulations. The document addresses key aspects such as service scope, fees, confidentiality, and liability, while maintaining flexibility to accommodate different types of advisory arrangements. This template is particularly valuable for businesses seeking to establish clear parameters for advisory relationships while maintaining appropriate legal protections under Singapore law.
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1. Parties: Details of the advisor and client, including registration numbers and addresses
2. Background: Context and purpose of the advisory arrangement
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of advisory services to be provided
5. Terms of Engagement: Duration, fees, payment terms, and delivery schedule
6. Confidentiality: Protection of confidential information
7. Termination: Conditions and process for ending the agreement
8. Governing Law: Specification of Singapore law and jurisdiction
1. Intellectual Property Rights: Ownership of created materials - include when advisory services involve creation of materials or IP
2. Non-Competition: Restrictions on competing activities - include for sensitive industry sectors or specialized advice
3. Force Majeure: Provisions for unforeseen circumstances - recommended for long-term advisory arrangements
4. Insurance: Professional indemnity requirements - include for high-risk advisory services
1. Schedule 1: Scope of Services: Detailed breakdown of services to be provided
2. Schedule 2: Fee Schedule: Detailed fee structure and payment terms
3. Schedule 3: Service Levels: Performance metrics and delivery timelines
4. Appendix A: Key Personnel: List of key advisors and their qualifications
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