Advanced

Drafting a 'Value-Based' Engagement Letter

Moves away from hourly billing to a fixed-fee model based on results.

Redraft our standard engagement letter for {service_name}. Instead of an hourly rate, propose a 'Value-Based' fixed fee of {fixed_fee}. Structure the 'Terms of Value' around: 1. Guaranteed {outcome}, 2. Unlimited {communication_channel} access, and 3. Monthly {report_type}. Explain the 'Change Order' process for out-of-scope work.

Related Prompts

Advisory & Consulting
Intermediate

Engagement Letter: Transaction Advisory

Drafts a legal agreement for M&A advisory services, including success fees.

GPT-4oGemini 1.5 Pro
0
0
4
Advisory & Consulting
Advanced

Net Working Capital (NWC) Peg Negotiation

Strategic advice for setting the NWC target in a purchase agreement.

Claude 3.5 SonnetGPT-4o
0
0
3
Advisory & Consulting
Intermediate

D&O Insurance Adequacy Review

Advises clients on whether their Directors and Officers insurance is sufficient.

GPT-4oClaude 3.5 Sonnet
0
0
4