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Advisory Services Agreement

Advisory Services Agreement for Singapore

Advisory Services Agreement Template for Singapore

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What is a Advisory Services Agreement?

The Advisory Services Agreement Template is essential for formalizing professional advisory relationships in Singapore's business environment. It provides a comprehensive framework for engaging advisors across various sectors, ensuring compliance with Singapore's legal requirements including the Contract Law (Chapter 53B) and relevant professional regulations. The document addresses key aspects such as service scope, fees, confidentiality, and liability, while maintaining flexibility to accommodate different types of advisory arrangements. This template is particularly valuable for businesses seeking to establish clear parameters for advisory relationships while maintaining appropriate legal protections under Singapore law.

What sections should be included in a Advisory Services Agreement?

1. Parties: Details of the advisor and client, including registration numbers and addresses

2. Background: Context and purpose of the advisory arrangement

3. Definitions: Key terms used throughout the agreement

4. Scope of Services: Detailed description of advisory services to be provided

5. Terms of Engagement: Duration, fees, payment terms, and delivery schedule

6. Confidentiality: Protection of confidential information

7. Termination: Conditions and process for ending the agreement

8. Governing Law: Specification of Singapore law and jurisdiction

What sections are optional to include in a Advisory Services Agreement?

1. Intellectual Property Rights: Ownership of created materials - include when advisory services involve creation of materials or IP

2. Non-Competition: Restrictions on competing activities - include for sensitive industry sectors or specialized advice

3. Force Majeure: Provisions for unforeseen circumstances - recommended for long-term advisory arrangements

4. Insurance: Professional indemnity requirements - include for high-risk advisory services

What schedules should be included in a Advisory Services Agreement?

1. Schedule 1: Scope of Services: Detailed breakdown of services to be provided

2. Schedule 2: Fee Schedule: Detailed fee structure and payment terms

3. Schedule 3: Service Levels: Performance metrics and delivery timelines

4. Appendix A: Key Personnel: List of key advisors and their qualifications

Authors

Alex Denne

Head of Growth (Open Source Law) @ ΊμΠΣΦ±²₯ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


























Clauses






























Industries

Contract Law (Chapter 53B): Primary legislation governing formation and enforcement of contracts in Singapore, including fundamental principles of offer, acceptance, consideration, and contractual obligations

Civil Law Act (Chapter 43): Fundamental legislation governing civil matters in Singapore, including contract enforcement and remedies for breach of contract

Companies Act (Chapter 50): Regulates corporate entities and their operations in Singapore, relevant when parties to the agreement are corporations

Employment Act (Chapter 91): Defines employment relationships and rights - crucial to ensure advisory agreement doesn't create unintended employment relationship

Central Provident Fund Act: Mandatory social security savings scheme - relevant if relationship could be construed as employment

Personal Data Protection Act 2012: Governs collection, use, and disclosure of personal data - important for data handling provisions in advisory services

Professional Services Regulations: Industry-specific regulations governing professional advisory services, including Legal Profession Act and Business Names Registration Act

Copyright Act: Protects intellectual property rights in created works - relevant for deliverables and work products under advisory services

Trade Marks Act: Protects trademarks and brand elements - important for usage of client's marks and advisor's branding

Patents Act: Protects inventions and innovations - relevant if advisory services involve technical or innovative ΊμΠΣΦ±²₯s

Income Tax Act: Governs taxation of income in Singapore - relevant for fee structures and payment terms

Goods and Services Tax Act: Regulates GST application - important for invoicing and payment provisions

Arbitration Act: Framework for arbitration proceedings - relevant for dispute reΊμΠΣΦ±²₯ clauses

Mediation Act: Governs mediation processes - important for alternative dispute reΊμΠΣΦ±²₯ provisions

Electronic Transactions Act: Regulates electronic transactions and signatures - crucial if agreement will be executed electronically

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, Β Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, Β Severance Pay, Governing Law, Entire Agreemen

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