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Advisory Engagement Letter Template for Singapore

An Advisory Engagement Letter under Singapore law is a formal document that establishes the professional relationship between an advisor and their client. It outlines the scope of advisory services, terms of engagement, fee structure, and responsibilities of both parties. The document must comply with Singapore's legal framework, including the Legal Profession Act, Personal Data Protection Act, and relevant industry-specific regulations. It serves as a binding agreement that protects both parties' interests while ensuring transparency in the advisory relationship.

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What is a Advisory Engagement Letter?

An Advisory Engagement Letter is essential when establishing a formal advisory relationship in Singapore. This document sets out the framework for professional advisory services, including scope, deliverables, fees, and terms of engagement. It ensures compliance with Singapore's regulatory requirements while protecting both advisor and client interests. The letter should be used at the commencement of any advisory relationship and typically includes specific provisions for confidentiality, data protection, and professional standards. Particularly important in Singapore's highly regulated business environment, this document serves as both a legal agreement and a roadmap for the advisory relationship.

What sections should be included in a Advisory Engagement Letter?

1. Letter Header: Date, recipient details, and formal letter formatting

2. Introduction: Purpose of engagement and identification of parties

3. Scope of Services: Detailed description of advisory services to be provided

4. Fee Structure: Professional fees, payment terms, and expenses

5. Duration: Term of engagement and renewal provisions

6. Confidentiality: Confidentiality obligations and information handling

7. Professional Standards: Commitment to professional standards and compliance

What sections are optional to include in a Advisory Engagement Letter?

1. Team Structure: Details of key personnel and roles - used for complex engagements with multiple team members

2. Regulatory Disclosures: Specific regulatory requirements and disclosures - used for regulated industries or licensed activities

3. Conflict Resolution: Process for handling potential conflicts of interest - used when providing services to multiple clients in same industry

4. International Considerations: Cross-border implications and compliance - used for international advisory services

What schedules should be included in a Advisory Engagement Letter?

1. Schedule of Fees: Detailed breakdown of fees and charging structure

2. Scope of Work Details: Detailed description of deliverables and timelines

3. Team Profiles: Biographical information of key team members

4. Standard Terms and Conditions: General terms applicable to all engagements

5. Data Protection Schedule: PDPA compliance details and data handling procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Singapore

Publisher

Ƶ

Document Type

Engagement Letter

Cost

Free to use

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