Consultancy Agreement (Denmark) by Seedsummit
This Consultancy Agreement outlines the terms for engaging an independent consultant to provide specific services to a company. It covers key aspects such as compensation, termination conditions, and confidentiality obligations. The agreement explicitly clarifies that it does not establish an employment relationship between the parties.
Explanatory Note
The Consultant Agreement may be used to engage consultants that the company are only to employ on a consultant basis. The agreement regulates themes such as remuneration, services, termination, conflicts of interest and confidentiality.
Consultancy Agreement
ENTERED INTO on ____________ 2022 BETWEEN
[●]
[●]
[●]
(the ”Company")
AND
[●]
[●]
[●]
(the “Consultant")
BACKGROUND
The Company has decided to engage ad hoc consultants to assist the Company with certain services as set out in this Agreement and wish to appoint the Consultant as a such consultant for the Company.
The purpose of this Agreement is to lay down the principles for the Services engaged by the Company.
APPOINTMENT
The Company hereby engages the Consultant to act as an consultant for the Company on certain matters as set out herein and the Consultant accepts such engagement.
The Consultant has been engaged because of [his/her] particular knowledge within [●].
As from the signing of this Agreement, the Company shall be entitled to disclose at its website and marketing material that the Consultant is engaged by the Company.
SERVICES
The role of the Consultant is to provide the services set out in Appendix A (the “Services”) as agreed between the Company and the Consultant.
The Consultant shall perform the Services in a timely and professional manner, consistent with industry standards.
The Consultant agrees to be available for online discussions with the Company regarding the items set out in Appendix A.
COMPENSATION
As compensation for [his/her] engagement and the Services provided, the Consultant shall be compensated as set out in Appendix B.
Additionally, the Company shall reimburse reasonable expenses related to the performance of the Services.
TERMINATION
This Agreement shall enter into force on signing by both parties.
Both parties shall be entitled to terminate this agreement with a written notice of one (1) month to the end of a month.
TAX
The Consultant shall have sole responsibility for withholding of and paying all applicable taxes with respect to this Agreement. Any tax consequences for the Consultant regarding this Agreement shall be of no relevance to the Company.
NO EMPLOYMENT RELATIONSHIP
The Parties hereto acknowledge and agree that the Consultant is an independent contractor and not an employee, agent or partner of the Company, and nothing herein shall be construed to be inconsistent with this relationship or status. While the Consultant may perform the Services under the general direction of the Company, the Consultant will determine, in the Consultant’s sole discretion, the manner and means by which the Services are accomplished. The Consultant shall not have any authority to contract for or bind the Company in any manner.
CONFLICT OF INTEREST
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