A Draft Consultancy Agreement is a legal document created to outline the terms and conditions for a consultancy services provided by one party (the Consultant) to another party (the Client). It sets out duties and responsibilities of both parties, as well as any payment obligations, confidentiality arrangements, and dispute resolution methods. By preserving the agreements in writing, each party understands their expected commitments and has evidence to support their case if either side fails to fulfill their obligations. A Draft Consultancy Agreement is an important tool that can help protect both parties involved in the agreement.