Document background
The Engagement Letter For Advisory Services is a crucial document used when establishing a professional advisory relationship in Hong Kong. It is typically employed when a consultant, advisory firm, or professional services provider begins a new engagement with a client. The document serves multiple purposes: it defines the scope of services, establishes fee arrangements, sets out the terms of engagement, and ensures compliance with Hong Kong regulatory requirements. This type of engagement letter is particularly important in the Hong Kong market, where professional services are highly regulated and proper documentation of the advisory relationship is essential for both legal compliance and risk management. The document incorporates relevant Hong Kong legal requirements, including those related to professional conduct, data privacy, and where applicable, financial services regulations.
