Home Documents. Commercial Activity. Engagement Letter. Formats Word and PDF. Size 2 to 3 pages. Rating 4. How does it work? Choose this template Start by clicking on "Fill out the template". Complete the document Answer a few questions and your document is created automatically. Save - Print Your document is ready! Engagement Letter An Engagement Letter is a document that defines the conditions in which a professional provides services to its clients. Client Information and Responsibilities.
In most engagements, the client is required to collect certain information and provide certain records to the CPA. If this information is necessary for the CPA to complete the engagement, these client responsibilities, and any applicable deadlines for the completion of work by the client, should be described. Some engagement letters request the client to designate the party to work with the CPA. In some jurisdictions, a CPA can limit or avoid liability to third parties by identifying in the engagement letter the intended users of the work product.
In deciding whether the engagement letter should contain this provision, competent legal counsel should be consulted. This is especially true for jurisdictions which have privity standards for establishing auditor negligence.
An engagement letter can help avoid fee disputes before the work begins. This section of the letter details how and when the client will be billed.
In some cases, the CPA may charge interest for late payments. In more extreme cases, it may be necessary for the CPA to suspend work or cancel the engagement for fees not paid. Withdrawing From or Terminating the Engagement. At times, it may be necessary for the CPA to withdraw from the engagement. This section should also discuss policies and procedures related to the termination of the engagement including return of client files; preparation of the final bill; work paper retention; and date of termination of services.
Occasionally, a CPA may receive a discovery request, subpoena, or outside inquiry. This section of the engagement letter can help avoid future misunderstandings between the client and the CPA regarding whether, and to what extent, the CPA may be required to respond to such requests. Alternative dispute resolution ADR refers to methods of resolving disputes outside of the courtroom.
The Software shall function in accordance with the Specifications on or before the Delivery Date. If the Software as delivered does not conform with the Specifications, the Client shall within [Time frame] of the Delivery Date notify the Developer in writing of the ways on which it does not conform with the Specifications.
The Developer agrees that upon receiving such notice, it shall make reasonable efforts to correct any non-conformity. Fees billed under the Hourly Rate shall be due and payable upon the Developer providing the Client with an invoice. Invoices for work completed by the developer will be provided once every [Pay period]. The Parties acknowledge and agree that the Client will hold all intellectual property rights to the Software including, but not limited to, copyright and trademark rights.
The Client may request that reasonable changes be made to the Specifications and tasks associated with the implementation of the Specifications. If the Client requests such a change, the Developer will use its best efforts to implement the requested change at no additional expense to the Client and without delaying delivery of the Software.
The Client agrees and acknowledges that the judgment regarding any delay or additional expense shall be made solely by the Developer. Development and delivery of the Software under this Agreement are not in violation of any other agreement that the Developer has with another party.
The Software will not violate the intellectual property rights of any other party.
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