A consulting agreement should also include the term of the agreement, that is, the period of time that the agreement will extend to needs to be specified. Further, the circumstances under which the agreement can be terminated should also be specified. Conditions for completion, budgetary matters and a completion deadline are also included in a well drafted consulting agreement. A breach of contract clause stating the consequences for breach of contract is also important in this type of agreement.
Consulting agreements generally include non-compete agreement clauses and confidentiality agreement clauses. These clauses are imperative if the consultant will be exposed to a trade secret or knowledge that is unique to a business. These type of nondisclosure clauses protect against the disclosure of valuable confidential information.