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What is the difference between an Advisory Agreement and a Consulting Services Agreement?

What is the difference between an Advisory Agreement and a Consulting Services Agreement?

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Dar Al Haqooq Legal Consultancy
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3 Nov 2023, 08:39

Dear Client,

Thanks for your question, I hope you are doing well. I will definitely assist you in this matter.

An Advisory Agreement involves providing advice and recommendations, while a Consulting Services Agreement encompasses specific services or projects. Advisory focuses on advice, while Consulting includes hands-on work.

For any further legal assistance, you can WhatsApp us. We have an extensive team of knowledgeable and experienced lawyers to provide the legal assistance you need.

We will definitely be happy to help you.

Thanks & Regards

ABDUL WAHIED

Laila Hamza Al Mulla Advocates and Legal Consultants
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3 Nov 2023, 11:03

In an advisory agreement, the advisor provides general advice and guidance on a variety of business matters, such as strategy, operations, and marketing. The advisor may also help the client to develop and implement new plans and initiatives.

Consulting services agreements are typically used for specific, one-off projects or assignments. The consultant provides their expertise and knowledge to help the client achieve a specific goal, such as developing a new product, etc.

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KHE Legal Consultancy
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3 Nov 2023, 12:33

Advisory service is a long-term service for giving strategic plans, guidance, etc.

The consultancy service provides solutions to the given problem in the short term.

You can hire the service of consultancy when there is a problem or doubts but if hiring the advisories to plan strategically to avoid future confusion.

Ahmed Mohammed Bashir Advocates & Legal Consultancy
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3 Nov 2023, 16:15

For most cases, both are the same. Sometimes some technical differences are there, but we would need additional details from your end to inform you of the differences.

Please contact us on WhatsApp.

Elnaggar & Partners
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1 Dec 2023, 07:17

Dear questioner,

Advisory Agreements and Consulting Services Agreements are both contracts used to engage professional services, but they have distinct purposes and scopes.

An advisory agreement is a contract between a client and an advisor, where the advisor provides expert advice and recommendations to the client on a specific issue or project.

The advisor typically has extensive knowledge and experience in the relevant field and is expected to provide independent, objective, and unbiased advice.

A consulting services agreement is a contract between a client and a consultant, where the consultant provides a broader range of services to the client, such as project planning, implementation, and ongoing support.

The consultant is typically responsible for delivering specific outcomes or deliverables, and their work may be more hands-on than that of an advisor.

In summary, an advisory agreement is more suited for seeking expert advice on specific matters, while a consulting services agreement is appropriate for engaging professionals to manage and execute projects or initiatives.

Please feel free to reach out to me by email if you have any further questions.

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