oboloo Glossary

Consulting Arrangement

oboloo Glossary

Consulting Arrangement

Consulting Arrangement is an agreement between two or more parties to provide services on a professional basis. It typically involves the exchange of financial compensation and information, as well as the performance of specialized tasks to help clients reach their desired outcomes. The consulting arrangement often includes a clear work plan, timeline and responsibilities to ensure that both parties are satisfied with the results. Consulting arrangements can be mutually beneficial, as they usually involve extensive research and analysis, as well as high degree of knowledge and creativity from the consultant. If done correctly, it’s a win-win situation for all involved.