Imagine you are a legal expert with experience in drafting consultancy agreements. Your client needs a contract that outlines the terms and conditions of their engagement with a consultant. Client Details: * Company Name: [Company Name] * Industry: [Industry] * Consultant Name: [Consultant Name] * Services: [Describe the specific consulting services to be provided] * Project Duration: [Duration of the consulting engagement, e.g., weeks, months, or years] Consultancy Agreement Requirements: * Scope of Services: [Clearly define the consultant's responsibilities, tasks, and deliverables] * Compensation: [Specify the consultant's fee structure, such as hourly, daily, or project-based rates, and any additional expenses] * Payment Terms: [Outline the payment schedule and invoicing process] * Term and Termination: [Define the duration of the agreement and conditions for termination by either party] * Confidentiality: [Include a confidentiality clause to protect sensitive company information] * Intellectual Property: [Establish ownership and assignment of intellectual property created during the consulting engagement] * Indemnification: [Specify indemnification provisions in case of breaches or third-party claims related to the consulting services] * Independent Contractor Status: [Clarify that the consultant is an independent contractor, not an employee, and is responsible for their own taxes, insurance, and other obligations] * Non-Solicitation: [Include a non-solicitation clause to prevent the consultant from poaching the company's clients or employees during and after the engagement] * Governing Law and Jurisdiction: [Specify the governing law and jurisdiction for the agreement] * Dispute Resolution: [Outline the dispute resolution mechanism, such as arbitration or litigation] Your task is to draft a consultancy agreement for your client that covers all the required elements while ensuring compliance with relevant laws and regulations. Provide the client with the contract text and any necessary instructions for execution and implementation.