Success Fee Consulting Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Success Fee Consulting Agreement

"I need a Success Fee Consulting Agreement under UAE law for a digital transformation project where our consulting firm will help a retail company implement new e-commerce solutions, with the success fee tied to achieving specific online sales targets by June 2025."

Document background
The Success Fee Consulting Agreement is utilized when engaging consultants or advisory firms in the UAE where payment is contingent upon achieving specific business objectives or outcomes. This document type is particularly relevant for projects with measurable success criteria, such as business transformation, revenue improvement, cost reduction, or transaction completion. The agreement must comply with UAE Federal Law No. 5 of 1985 (Civil Code) and UAE Federal Law No. 18 of 1993 (Commercial Transactions Law), particularly regarding contract formation and commercial relationships. It includes detailed provisions for success criteria, measurement methodologies, payment triggers, and dispute resolution mechanisms, all structured within the UAE legal framework. The Success Fee Consulting Agreement is commonly used in professional services, particularly where the consultant's compensation is aligned with the client's success objectives.
Suggested Sections

1. Parties: Identification of the Consultant and the Client, including full legal names, addresses, and registration details

2. Background: Context of the agreement, brief description of the Client's business and the purpose of engaging the Consultant

3. Definitions: Key terms used throughout the agreement, including 'Services', 'Success Fee', 'Success Criteria', and 'Deliverables'

4. Appointment and Scope of Services: Formal appointment of the Consultant and detailed description of the consulting services to be provided

5. Term and Termination: Duration of the agreement, renewal terms, and circumstances under which either party may terminate

6. Success Fee Structure: Detailed explanation of the success fee calculation, triggers for payment, and payment terms

7. Consultant's Obligations: Key responsibilities and commitments of the Consultant in providing the services

8. Client's Obligations: Client's responsibilities, including provision of information and cooperation

9. Confidentiality: Provisions for protecting confidential information, aligned with UAE law requirements

10. Intellectual Property: Ownership and rights related to any IP created during the consultation

11. Liability and Indemnification: Limitations of liability and indemnification provisions compliant with UAE law

12. Force Majeure: Provisions for unforeseen circumstances preventing performance

13. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes

14. General Provisions: Standard boilerplate clauses including notices, amendments, and entire agreement

Optional Sections

1. Non-Compete: Restrictions on Consultant's ability to work with competitors (include if dealing with sensitive industry information)

2. Non-Solicitation: Restrictions on approaching employees or clients (include for high-level consulting engagements)

3. VAT and Taxation: Specific provisions about VAT treatment and tax responsibilities (include if either party is VAT registered)

4. Insurance: Requirements for professional indemnity or other insurance (include for high-value or high-risk services)

5. Dispute Resolution: Detailed dispute resolution procedures including mediation (include for complex or high-value agreements)

6. Assignment and Subcontracting: Rights to assign or subcontract services (include if relevant to service delivery model)

7. Change Control: Process for managing changes to services or success criteria (include for long-term or complex projects)

Suggested Schedules

1. Schedule 1 - Services Description: Detailed description of consulting services, methodologies, and deliverables

2. Schedule 2 - Success Criteria and Metrics: Specific, measurable criteria that trigger success fee payments

3. Schedule 3 - Fee Structure and Calculations: Detailed breakdown of success fee calculations, including examples if necessary

4. Schedule 4 - Key Personnel: List of key consultant personnel assigned to the project

5. Schedule 5 - Timeline and Milestones: Project timeline, key dates, and milestone deliverables

6. Appendix A - Required Reports and Documentation: Templates or formats for required reporting and documentation

7. Appendix B - Communication Protocol: Procedures for regular communications and escalation paths

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Clauses
Relevant Industries

Management Consulting

Business Advisory

Financial Services

Real Estate

Technology Implementation

Strategic Planning

Mergers & Acquisitions

Business Transformation

Marketing and Sales

Operations Improvement

Healthcare Consulting

Education Consulting

Energy Sector Consulting

Digital Transformation

Startup Advisory

Relevant Teams

Legal

Finance

Procurement

Business Development

Operations

Strategy

Commercial

Risk Management

Corporate Development

Project Management Office

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Legal Counsel

Procurement Manager

Business Development Director

Project Manager

Management Consultant

Strategy Director

Operations Director

Commercial Director

Head of Strategic Planning

General Counsel

Contract Manager

Finance Director

Business Transformation Lead

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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