Startup Consulting Agreement Template for India

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Key Requirements PROMPT example:

Startup Consulting Agreement

"I need a Startup Consulting Agreement for a tech startup based in Bangalore, engaging a cybersecurity consultant for a 6-month project starting January 2025, with specific provisions for handling sensitive data and potential equity compensation."

Document background
The Startup Consulting Agreement is essential for formalizing professional consulting relationships within India's growing startup ecosystem. This document is typically used when a startup company engages external expertise for various business needs, from strategic planning to technical implementation. It ensures compliance with Indian legal requirements, including the Indian Contract Act, 1872, relevant tax regulations, and specific startup-focused legislation. The agreement covers crucial aspects such as service scope, deliverables, payment terms, intellectual property rights, confidentiality, and liability limitations. It's particularly important for protecting both parties' interests while maintaining the flexibility needed in startup operations. The document should be customized based on the specific consulting arrangement while maintaining compliance with Indian legal frameworks and startup regulations.
Suggested Sections

1. Parties: Identification of the consulting party and the startup company, including full legal names, addresses, and registration details

2. Background: Context of the agreement, brief description of the startup's business, and the consultant's expertise

3. Definitions: Key terms used throughout the agreement defined for clarity and consistency

4. Scope of Services: Detailed description of consulting services to be provided, including specific deliverables and objectives

5. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination by either party

6. Compensation and Payment Terms: Fee structure, payment schedule, expenses, and invoicing requirements

7. Obligations of the Consultant: Key responsibilities, performance standards, and time commitment expectations

8. Obligations of the Company: Company's responsibilities, including provision of necessary information and resources

9. Intellectual Property Rights: Ownership and rights to work products, pre-existing IP, and developed materials

10. Confidentiality: Protection of confidential information, trade secrets, and business data

11. Independent Contractor Status: Clear establishment of consultant as independent contractor, not employee

12. Representations and Warranties: Basic assurances from both parties regarding capacity, authority, and compliance

13. Limitation of Liability: Caps on liability and exclusions of certain types of damages

14. General Provisions: Standard clauses including notices, amendment process, governing law, and dispute resolution

Optional Sections

1. Non-Compete: Restrictions on consultant's ability to work with competitors, used when consultant will have access to sensitive competitive information

2. Non-Solicitation: Restrictions on hiring company employees or approaching clients, used for consultants with significant contact with staff or customers

3. Equity Compensation: Terms for any equity-based compensation, used when part of payment is in company shares or options

4. Performance Metrics: Specific KPIs and evaluation criteria, used when compensation is tied to performance

5. Insurance Requirements: Specific insurance coverage requirements, used for high-risk consulting activities

6. Data Protection: Specific data handling and protection requirements, used when consultant will handle personal or sensitive data

7. Force Majeure: Provisions for unforeseen circumstances, particularly relevant post-COVID

8. Assignment Rights: Rights to assign the contract, used when consultant may need to subcontract or transfer obligations

Suggested Schedules

1. Schedule A - Scope of Services: Detailed breakdown of services, deliverables, timelines, and specific project phases

2. Schedule B - Fee Schedule: Detailed fee structure, payment milestones, and expense categories

3. Schedule C - Key Personnel: List of key consultant personnel assigned to the project and their roles

4. Schedule D - Company Policies: Relevant company policies consultant must comply with

5. Schedule E - Service Levels: Specific performance standards and metrics if applicable

6. Appendix 1 - Confidentiality Agreement: Detailed confidentiality terms and requirements

7. Appendix 2 - Approved Expenses: List of pre-approved expenses and reimbursement procedures

8. Appendix 3 - Reporting Templates: Standard templates for progress reports and documentation

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

Relevant legal definitions
Clauses
Relevant Industries

Technology

E-commerce

Financial Technology

Healthcare Technology

Education Technology

Software Development

Artificial Intelligence

Biotechnology

Clean Technology

Digital Media

Professional Services

Manufacturing

Retail Innovation

Sustainable Energy

AgriTech

Relevant Teams

Legal

Operations

Finance

Human Resources

Procurement

Executive Leadership

Project Management

Business Development

Strategy

Innovation

Product Development

Relevant Roles

CEO

Founder

Co-founder

Chief Technology Officer

Chief Financial Officer

Legal Counsel

Head of Operations

Project Manager

Business Development Manager

Strategy Director

Innovation Manager

Technical Lead

Product Manager

HR Director

Procurement Manager

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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