Side Letter (To Contractor / Consultancy Agreement)
by
Genie Team
Sep, 28 2022
When to use this template
A side letter to the Contractor / consultancy agreement via a service company containing undertakings by the individual who controls the service company in order to induce the client company to enter into the Contractor / consultancy agreement with the service company.
Key issues covered in this template
Binding terms
Consultant Company's obligations
Entitled to enter
Exclusive compensation
Indemnify for consultant company's failure to perform obligations
Share capital ownership
Undertakings and agreements
N/A
What to watch out for
The potential for the individual who controls the service company to not uphold their end of the bargain, as laid out in the side letter
The possibility that the client company may not be aware of the side letter, and thus not be able to hold the service company or the individual who controls it accountable
The potential for the Contractor / consultancy agreement to be void if the side letter is not honored
3
Used by
Author
Genie Team
@genieteam
Genie AI
The Genie Team consists of lawyers and paralegals. Our aim is to open source the law and provide high quality, regularly reviewed legal documents.