What are the steps?
- Create a Consultancy Agreement
What is a consultant?
A consultant is essentially a freelancer that is not employed by the company but rather serves as an independent expert to provide a service to the client on a self-employed basis. Consultants are not protected by employment rights like company employees. The relationship between a client and a consultant is contractual and subject to less statutory regulation.
How does a consultant differ from a contractor? A consultant is a more advisory role. They are hired to evaluate a client’s needs and provide expert solutions on the basis of their requirements whereas a contractor is hired to work according to the needs and guidelines of the clients.
How are consultants appointed?
A Consultancy Agreement is a contract by which a company engages a consultant to provide services as an independent contractor. Under a Consultancy Agreement, a consultant is bound to provide their expertise or knowledge by understanding the client’s requirements and finishing the project by the stated deadline.
Why do I need a consultancy agreement?
Whenever you enter into any business arrangement, a certain amount of formalization is necessary. The Consultancy Agreement ensures you have formalized the expectations from both sides and everyone is clear about what is expected of them. A Consultancy Agreement is also vital to protect your business when it comes to things such as ownership of intellectual property and data protection.
Why would I appoint a consultant for my business?
Appointing a consultant gives more freedom to the business compared with the hiring of a full-time employee because it involves less legal formalities and a lesser financial burden. A consultant also helps increase productivity because they have specialized knowledge in their respective fields.
Client case study
Devin Perera from ROCKET BC LIMITED uses Zegal to appoint a consultant.
