Engagement Agreement Policy

Last Updated: 1st of February 2024

Purpose:

This policy outlines the key principles and requirements for Engagement Agreements ("Agreements") at Koat Agency.

Scope of Work:

  • Every project will have a clearly defined scope of work detailed in the Agreement.

  • This includes deliverables, project milestones, timelines, and responsibilities for both parties.

  • Changes to the scope of work must be agreed upon in writing and documented in an amendment to the Agreement.

Fees and Payment Terms:

  • Fees will be clearly defined in the Agreement and may be based on project scope, hourly rates, or retainers.

  • Payment terms will be specified, including payment schedules, invoicing procedures, and late payment penalties.

Confidentiality:

Koat Agency and the Client will maintain the confidentiality of all non-public information shared during the project.

Specific confidentiality obligations will be outlined in the Agreement.

Termination Clauses:

  • The Agreement will outline conditions under which either party may terminate the engagement.

  • These may include breach of contract, non-payment, or unforeseen circumstances.

  • Termination procedures and potential consequences will be clearly defined.

Additional Considerations:

  • Agreements will be customized to the specifics of each project and client.

  • Standard terms and conditions will be included in every Agreement but may be amended based on project needs.

  • Both parties will be given ample opportunity to review and understand the Agreement before signing.

  • Legal counsel may be involved in drafting or reviewing Agreements for complex projects.

Benefits of a Clear Engagement Agreement:

  • Promotes clear expectations and understanding between Koat Agency and the Client.

  • Minimizes misunderstandings and potential disputes.

  • Provides a clear framework for project execution and deliverables.

  • Protects the interests of both parties.

Conclusion:

Koat Agency is committed to transparent and professional client relationships. By implementing this Engagement Agreement Policy, we ensure clarity, fairness, and mutual understanding for all projects.