Advisory Contract
/əˈdvaɪzəri ˈkɒntrækt/
Definitions
- (n.) A written agreement under which one party provides expert advice or consultancy services to another, often in legal, financial, or business contexts.
The company entered into an advisory contract to obtain expert guidance on regulatory compliance.
Forms
- advisory contract
- advisory contracts
Related terms
See also
Commentary
Advisory contracts are typically distinguished by their focus on providing advice rather than delivering tangible goods or specific results; clarity on scope and obligations is crucial to avoid disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.