A Consulting Agreement Statement of Work (SOW) outlines the clear expectations, responsibilities, and obligations of both parties when engaging in a business consulting relationship. It sets out the deliverables, as well as any additional services or activities, agreed upon by the client and consultant. This agreement should also include the fees being charged by the consultant, timelines, performance standards, and methods of payment. By entering into this agreement, both parties are committing to uphold their side of the arrangement, providing clarity and protection for each party involved. After all, the success of a consulting project depends on everyone understanding their roles and tasks.