A Consulting Fee Agreement is a legally binding document between a client and a consultant that outlines the terms of the services provided. It establishes the payment expectations of both parties, as well as any other relevant information such as timing, termination, and dispute resolution. In essence, it defines the relationship between the two parties and serves as a safeguard against misunderstandings and potential disputes. This agreement should be tailored to meet both parties’ needs and should be reviewed regularly for changes or updates. By entering into this agreement, both parties acknowledge that the terms within are reasonable and were mutually agreed upon.