Abacus Consulting Services – Terms and Conditions

Effective Date: July 1, 2025

These Terms and Conditions (“Terms”) govern all consulting services (“Services”) provided by Abacus Consulting Services (“Consultant”, “we”, “us”) to any client (“Client”, “you”). By requesting Services, you agree to these Terms.

1. Scope of Services

• The Consultant will provide professional consulting services as agreed upon in writing, specifying the nature, deliverables, and timeline of each engagement.
• Any changes to the scope of Services must be confirmed in writing by both parties.

2. Fees and Payment

• The Client agrees to pay fees as outlined in the agreed statement of work or proposal. Fees may be based on hourly rates, project rates, or other specified arrangements.
• Payment shall be due within 30 days of receipt of invoice unless otherwise specified.
• Expenses incurred by the Consultant on behalf of the Client (travel, accommodation, materials) will be reimbursed, provided they are approved in advance by the Client and accompanied by receipts.

3. Term and Termination

• The agreement will commence on the date agreed by both parties and remain in effect until the completion of services or termination by either party.
• Either party may terminate the agreement, with or without cause, by giving thirty (30) days’ written notice.
• Upon termination, the Client will pay for all Services rendered and approved expenses incurred up to the date of termination.

4. Confidentiality

• Both parties agree to keep all confidential information obtained during the course of the engagement private and not disclose it to any third parties, except as required by law or necessary to perform the Services.
• Confidentiality obligations survive the termination of the agreement.

5. Intellectual Property

• Unless otherwise agreed in writing, materials and deliverables produced specifically for the Client become the property of the Client upon full payment.
• The Consultant retains all rights to its existing methods, know-how, and intellectual property developed independently of the engagement.

6. Limitation of Liability

• The Consultant’s liability for any claim arising out of or relating to the Services is limited to the amount of fees paid by the Client for those Services.
• The Consultant shall not be liable for any indirect, incidental, or consequential damages, including loss of profit or data, arising from the engagement.

7. Independent Contractor

• The Consultant performs all Services as an independent contractor. Nothing in these Terms creates a partnership, joint venture, or employment relationship between the parties.
• The Client shall not provide employee benefits or coverage to the Consultant.

8. Data Privacy

• The Consultant will handle all personal and business information in compliance with applicable privacy laws and in accordance with its stated privacy policy.

9. Governing Law

• These Terms are governed by and constructed in accordance with the laws of the state in which Abacus Consulting Services is headquartered, unless another jurisdiction is specified in writing.

10. Modification of Terms

• These Terms may only be modified by written agreement signed by both parties.