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PLAYBOOK TEMPLATES
Management Consulting Agreement
A Management Consulting Agreement governs advisory or professional services engagements. This playbook explores fee structures, confidentiality, and limitation of liability provisions.
Compensation Terms
Negotiation strategy
Ensure that compensation terms are clear and comply with applicable wage laws. Negotiate for flexible payment schedules that align with cash flow needs.
Advocate for fair compensation terms that reflect the value of services provided. Ensure timely payment and reimbursement processes are in place.
Essential elements
1
Payment Schedule
Defines timing of payments.
2
Expense Reimbursement
Outlines reimbursement process.
3
Late Payment
Specifies interest on overdue payments.
Action framework
ACCEPT
Propose edits if payment terms are unclear or noncompliant with laws.
EDIT
Reject if terms are inequitable or violate wage laws.
ADD
Add terms for jurisdiction-specific compliance.
PRO TIP
Always ensure compensation terms are tailored to the specific jurisdiction to avoid legal issues.
Example clauses
FAVORABLE
Preferred Compensation Clause
The Company shall pay the Contractor a fee of [insert amount] per [hour/day/week/month] for services rendered under this Agreement. Payment shall be made [weekly/bi-weekly/monthly] on [insert day] of each [week/month], via [insert payment method, e.g., bank transfer, check]. The Contractor shall submit an invoice detailing the services provided and the amount due at least [insert number] days prior to the payment date.
NEUTRAL
Late Payment Clause
In the event that any payment due to the Contractor is not made within [insert number] days of the due date, the Company shall pay interest on the overdue amount at a rate of [insert percentage]% per annum, calculated from the due date until the date of actual payment.
UNFAVORABLE
Unclear Payment Terms
The Company will pay the Contractor as agreed, without specifying amounts or schedules.
Fallbacks
High-Risk Projects
For high-risk projects, ensure compensation terms include risk premiums and clear milestones for payment.
International Contracts
In international contracts, adjust terms for currency fluctuations and international banking fees.
Short-Term Engagements
For short-term engagements, negotiate upfront payments or deposits to secure commitment.
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Contract Playbook Templates
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WEEK 1
CLM Readiness and Design
Our CX team works with you to understand your contracting challenges, prioritize key workflows, and identify the biggest impact areas. We build a tailored implementation plan that fits your needs.
WEEK 2
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WEEK 3
Deliver & Test
Your team builds initial playbooks, reviews existing clause libraries, and trains the DocJuris agent to align with your internal standards and negotiation positions.
WEEK 4
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