Document background
The Advisory Engagement Letter is a critical document used in the Philippine business environment to formalize professional advisory relationships. It serves as the primary agreement between advisory service providers and their clients, whether corporate entities or individuals. This document is essential when engaging consultants, financial advisors, or other professional service providers for specific projects or ongoing advisory services. The letter must comply with Philippine regulations, including the Civil Code of the Philippines, professional service regulations, and data privacy laws. It typically includes detailed scope of work, fee structures, service standards, and delivery timelines while incorporating necessary legal protections and compliance requirements specific to the Philippine jurisdiction. The Advisory Engagement Letter is particularly important for establishing clear expectations, minimizing potential disputes, and ensuring professional standards are maintained throughout the engagement.
