Is a consultancy agreement required for my consultants/advisors?

Whilst there is not a specific statutory requirement to have a consultancy agreement in place (unlike the requirement for a statement of terms for employees and workers), we would recommend putting a consultancy agreement in place to govern the relationship between your company and the individual and to ensure that there are appropriate provisions in place to safeguard your confidential information,  intellectual property and business interests.

A consultancy agreement that properly reflects the reality of the relationship whilst also demonstrating self-employed status will also assist with any challenge on employment status.

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