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Business Engagement Letter
"I need a Business Engagement Letter for my management consulting firm based in Dubai to provide strategic advisory services to a local manufacturing company, with project completion expected by March 2025 and including provisions for potential scope expansion."
1. Letterhead and Date: Professional letterhead including firm details, address, and date of the letter
2. Client Details: Full legal name and address of the client entity
3. Salutation: Appropriate greeting and recipient name/title
4. Purpose of Engagement: Clear statement of the engagement's purpose and context
5. Scope of Services: Detailed description of services to be provided
6. Fees and Payment Terms: Clear outline of fee structure, payment schedule, and billing arrangements
7. Timeline and Deliverables: Expected timeframes and specific deliverables
8. Team and Resources: Key personnel assigned and resources to be utilized
9. Client Responsibilities: Clear outline of what is expected from the client
10. Confidentiality: Confidentiality obligations of both parties
11. Term and Termination: Duration of engagement and termination provisions
12. Acceptance and Execution: Signature blocks and acceptance terms
1. Conflict of Interest Disclosure: Required when there are potential conflicts that need to be disclosed and addressed
2. Regulatory Compliance: Needed for regulated industries or when specific regulatory requirements must be acknowledged
3. Intellectual Property Rights: Include when the engagement involves creation or use of intellectual property
4. Force Majeure: Important for long-term engagements or when significant external risks exist
5. Insurance Coverage: Required when professional liability insurance details need to be specified
6. Dispute Resolution: Include for high-value or complex engagements where specific dispute resolution mechanisms are needed
7. Anti-Money Laundering Compliance: Required for financial services or when dealing with significant financial transactions
1. Schedule A - Detailed Scope of Services: Comprehensive breakdown of services, methodologies, and specific exclusions
2. Schedule B - Fee Schedule: Detailed fee structure, rates, expenses, and payment milestones
3. Schedule C - Project Timeline: Detailed project phases, milestones, and delivery dates
4. Schedule D - Team Structure: Detailed team composition, roles, and responsibilities
5. Appendix 1 - Standard Terms and Conditions: Firm's standard terms and conditions applicable to the engagement
6. Appendix 2 - Required Documents: List of documents and information required from the client
7. Appendix 3 - Compliance Requirements: Specific regulatory or compliance requirements applicable to the engagement
Authors
Professional Services
Consulting
Financial Services
Technology
Real Estate
Healthcare
Manufacturing
Retail
Energy
Construction
Education
Telecommunications
Hospitality
Transportation
Legal Services
Legal
Finance
Procurement
Operations
Risk and Compliance
Project Management
Commercial
Business Development
Corporate Affairs
Internal Audit
Strategy
Chief Executive Officer
Managing Director
Chief Financial Officer
Chief Legal Officer
General Counsel
Procurement Manager
Contract Manager
Project Manager
Business Unit Head
Operations Director
Finance Director
Commercial Director
Partner (Professional Services)
Senior Manager
Department Head
Risk Manager
Compliance Officer
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