Consulting companies in Azerbaijan: external advisory services 

CLC consulting | Law and Tax Advisory

 

 

Consulting companies are usually companies that provide various type of advisory and consulting services in different industries. Consulting companies in Azerbaijan have started to grow since early 2000s and now they operate in almost all industry areas. These services can include legal consulting, tax consulting, accounting services, business consulting, consulting services on safety, IT, technical advisory and other services.

 

Receiving advice from external companies on topics that require specific knowledge may in some cases be a requirement of the company's internal rules, in other cases it may be a practical necessity, or preferable due to "conflict of interest" concerns. 

 

Consulting companies mainly provide advice and recommendations based on the experience and specialized knowledge gained without providing guarantees for the results of their services.

 

Consulting Companies in Azerbaijan and Agreements on Consulting Services

 

Consulting companies usually use their standard agreement forms. It is advised to provide your own agreement template for consulting services while working with consulting companies in Azerbaijan. Where this is not possible, it is suggested to reivew the consulting agreement terms with the support of a professional legal assistance, and technical assistance where related and needed. 

 

Depending on the type of consultin service, various specific terms need to be incorporated into the consulting services agreement. However, a general checklist applicable for all cases shall be prepared in advance and reviewed in light of the consulting project in question. 

 

We recommend that the following check-list to be taken into account in agreeements with consulting companies in Azerbaijan:

• The exact scope of consulting services to be provided
• Issues not included in the scope of the services
• Results guaranteed by the consulting company
• Liability of the consulting company - the legal consequence of the wrong advice given intentionally or through gross negligence
• Requirements for persons to be involved in the provision of consulting services or list of their names
• Term of rendering services
• Applicable standards
• Professional liability insurance required from a consulting company
• List of involved experts/consultins from the consulting company
• Other general contract terms

 

Since the main contractual obligation of consulting companies is the provision of advice on the subject, in practice it is necessary to specify the guarantee for the occurrence of any result. In practice, losses resulting from incorrect advice are usually covered by obtaining professional liability insurance. In this case, it is recommended that the extent of the consulting company's professional liability and a detailed explanation of the insured event to be included in the contract. For this and similar reasons, it is recommended to obtain legal support in the selection of consulting companies and the conclusion of contracts with them.

 

Caspian Legal Center, as one of the top consulting companies in Azerbaijan, is ready to support you in the following issues:

• Legal advice and legal representation
• Legal and tax planning during business organization
• Tax consulting and dispute resolution
• Accounting services and organization of accounting
• Other required services in the field of legal and tax consulting

 

As a company with an international rating and extensive experience in the Azerbaijani market, you can entrust us with your services in this area:

Phone number: 050 289 89 73; Email address: [email protected]