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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.

Term & Termination

Why This Matters: Unclear termination rights can lead to unexpected liabilities, operational disruption, and litigation over wrongful termination claims.

Negotiation strategy

If you're the Company:

Ensure the agreement includes clear termination provisions with reasonable notice and cure periods to protect the company's interests and allow for an orderly transition.

If you're the Client:

Negotiate for fair termination terms that provide adequate notice and opportunities to cure breaches, ensuring continuity of services and minimizing disruption.

Essential elements

1

Term of Agreement

Defines contract duration.
2

Renewal Terms

Automatic renewal conditions.
3

Termination for Convenience

Notice period for termination.

Action framework

ACCEPT

Propose edits when notice periods are too short or renewal terms are unfavorable.

EDIT

Reject clauses that lack clear termination rights or impose unreasonable obligations.

ADD

Add clauses for risk mitigation and orderly transition if absent.

PRO TIP

Always specify notice periods and cure periods to prevent disputes and ensure smooth transitions.

Example clauses

FAVORABLE

Preferred Term of Agreement

"The term of this Agreement shall commence on the Effective Date and shall continue for a period of [insert duration], unless earlier terminated in accordance with the provisions of this Agreement."
NEUTRAL

Template Termination for Convenience

"Either party may terminate this Agreement for convenience by providing the other party with [insert notice period] days written notice."
UNFAVORABLE

Ambiguous Termination Rights

"The Agreement may be terminated at any time without notice, subject to mutual agreement."

Fallbacks

High-Risk Projects

In high-risk projects, ensure termination clauses include detailed risk mitigation strategies and extended notice periods to manage potential disruptions.

Short-Term Contracts

For short-term contracts, focus on flexible termination terms that allow for quick adjustments without lengthy notice periods.

International Agreements

In international agreements, consider jurisdiction-specific requirements and include clauses that address cross-border legal compliance.
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