Consulting Agreement

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Consulting Agreement
THIS AGREEMENT IS INTENDED TO SERVE AS AN EXAMPLE OF
STANDARD TERMS FOR CONSULTING ARRANGEMENTS. THESE TERMS
MAY BE SUBJECT TO NEGOTATION BETWEEN THE COMPANY AND THE
CONSULTANT. OFTEN, THE COMPANY MAY REQUIRE THE USE OF ITS
OWN FORM WHICH MAY HAVE TERMS THAT DIFFER FROM THOSE
PRESENTED HERE. FACULTY MEMBERS ARE ENCOURAGED TO
CONSULT WITH PROFESSIONAL ADVISORS IF THEY ARE UNSURE ABOUT
THE TERMS BEING NEGOTIATED WITH THE COMPANY.
This Agreement is entered into effective as of __________________,
20__, between [COMPANY NAME and address] (hereinafter "COMPANY") and
[NAME and address] (hereinafter “CONSULTANT.”)
WHEREAS, the Company is engaged in research, development and
commercialization of certain technology and wished to engage CONSULTANT to
advise COMPANY on matters relating to the field of [Specify with detail the field
of research for the consulting services to be provide under the agreement.]
(hereinafter "Field") under the following terms and conditions:
1. Consulting and Advisory Activities. CONSULTANT's responsibilities shall
include, without limitation, the following activities (hereinafter collectively
referred to as "Services"):
[Describe consulting services in detail. Such services can be detailed for a
specific period of time, with provisions to update the services for ensuing time
periods. Services should not include directing or conducting research for or
on behalf of the Company without prior disclosure of such activity to the
department chair]
The Services may be performed via telephone and other forms of remote
correspondence, and may include meetings with personnel and other consultants
at times and locations to be mutually agreed upon.
In each instance,
CONSULTANT shall perform the Services only upon COMPANY's request and
after the scope of the Services has been approved by COMPANY.
The
COMPANY and CONSULTANT acknowledge and agree that such Service will
not exceed an average of one day per week.
CONSULTANT represents and warrants that at the time of execution of this
Agreement, the terms of this Agreement are not inconsistent with any other
contractual or legal obligations CONSULTANT may have or with the policies of
any institution or company with which CONSULTANT is associated.

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