Scope of Services
- Clearly outline financial consulting services, including financial analysis, budgeting, investment advice, and brokerage services.
- Specify that the consultant provides information and advice, but final decision-making rests with the client.
- State that the consultant is not obliged to discover falsification of books or other irregularities not directly related to the consulting scope.
Confidentiality
- Both parties agree to keep all information exchanged during the engagement confidential for five years.
- Include provisions for handling and protecting client data.
Payment Terms
- Detail fees, payment schedule, and additional expenses.
- Specify late payment charges (e.g., 12% above U.A.E. Central Bank base rate).
Termination
- Outline circumstances under which the contract can be terminated.
- Include notice periods and procedures for termination.
Liability and Indemnification
- Limit liability for damages caused by minor negligence.
- Specify maximum liability amounts for cases of gross negligence.
- Address liability for loss of prospective profits.
Intellectual Property
- Define ownership and usage rights of materials created during the engagement.
Dispute Resolution
- Outline process for resolving disputes, such as mediation before litigation.
Non-Compete and Non-Solicitation
- Include clauses to protect sensitive business information.
- Specify duration and scope of non-compete agreements.
Independent Contractor Status
- Clarify that the consultant is an independent contractor, not an employee or partner of the client.
Modification and Waiver
- Specify that modifications to the agreement must be in writing and signed by both parties.
Subcontracting
- Address the consultant’s right to subcontract services and the terms thereof.
Client Obligations
- Outline the client’s responsibility to provide necessary information and ensure suitable organizational conditions.
Data Protection and Privacy
- Include provisions for compliance with data protection regulations.
- Address the use of electronic means for communication and information sharing.
Governing Law and Jurisdiction
- Specify the applicable law and jurisdiction for the contract.
Force Majeure
- Include provisions for unforeseen circumstances beyond the parties’ control
Contact us at info@deenari.ae for questions related to refunds and returns.