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Engagement Letter For Professional Services
"I need an Engagement Letter for Professional Services for my IT consulting firm in Manila, providing cybersecurity services to a financial institution, with project completion by March 2025 and including specific data privacy compliance requirements under Philippine regulations."
1. Opening and Date: Professional letterhead, date, and client's complete address
2. Salutation: Formal greeting to the appropriate client representative
3. Introduction: Opening paragraph expressing appreciation for the opportunity and confirming the intention to provide professional services
4. Scope of Services: Detailed description of the specific professional services to be provided, including any limitations or exclusions
5. Professional Fees: Clear outline of fee structure, payment terms, and billing arrangements
6. Timeline: Expected duration or timeline for the services, including any key milestones or deadlines
7. Team and Resources: Introduction of key team members and resources to be allocated to the engagement
8. Client Responsibilities: Outline of what is expected from the client, including information and access requirements
9. Confidentiality: Commitment to maintaining confidentiality of client information in accordance with Philippine Data Privacy Act
10. Terms and Conditions: Key terms including liability limitations, termination provisions, and dispute resolution
11. Acceptance: Clear instructions for how to accept the engagement, including signature blocks
1. Regulatory Compliance: Section addressing specific regulatory requirements when services involve regulated industries or activities
2. Conflict of Interest Disclosure: Section needed when there are potential conflicts that need to be disclosed and addressed
3. Special Terms: Additional terms specific to unique aspects of the engagement or client requirements
4. Sub-contractor Arrangements: Required when services will involve third-party professionals or sub-contractors
5. Insurance Coverage: Details of professional indemnity insurance when required by the nature of services or client requirements
1. Schedule of Fees: Detailed breakdown of fees, rates, and payment terms
2. Scope of Work: Detailed technical or specialized description of services when the main letter needs to remain concise
3. Team Profiles: Professional profiles of key team members when relevant to the engagement
4. Standard Terms and Conditions: Firm's standard terms and conditions that apply to all engagements
5. Service Level Agreement: Specific performance metrics and service standards when applicable to the engagement
Authors
Legal Services
Accounting and Audit
Management Consulting
Information Technology
Engineering
Architecture
Financial Advisory
Human Resources
Marketing and Communications
Environmental Consulting
Healthcare Services
Education and Training
Real Estate Services
Legal
Finance
Compliance
Risk Management
Operations
Business Development
Client Relations
Professional Services
Project Management
Administration
Corporate Governance
Procurement
Managing Partner
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Professional Services Director
Engagement Manager
Project Manager
Business Development Manager
Compliance Officer
Risk Manager
Department Head
Senior Consultant
Client Relations Manager
Operations Director
Professional Practice Lead
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