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All of the other work, outside the deal management role, should if possible be governed by a single engagement letter.
Specific examples of engagement letters are set out in Chapter 11.
An example valuation engagement letter is set out in Section 1101.5.
All aspects of the fee structure must be clearly set out in the engagement letter.
General guidance on engagement letters is given in chapter 03 and should be followed.
The critical dates and responsibilities only should be set out in the engagement letter.
Auditors may use an engagement letter, if appropriate, to communicate the information.
The engagement letter need only be issued after, not before, an initial meeting where potential services are outlined.
Fees are more likely to be addressed in the deal management engagement letter and not the specific contract.
The following example engagement letter is concerned with the valuation of shares in a private company.
The engagement letter will need to be tailored to each disposal assignment.
Professional legal advice should be sought by the Firm before issuing such an engagement letter.
Provide the initiating member with a copy of your engagement letter to the client.
The firm's general standards relating to engagement letters are contained in Chapter 03.
A pre-issuance review of the engagement letter may be desirable where this is included.
With an engagement letter, it provides the client and other third parties with rights of recovery.
A comprehensive check list for matters to be dealt with in the terms of engagement letter is set out in Section 03.
It is vital that this point is understood by all parties concerned and clearly set out in the terms of engagement letter.
Setting of fees is the responsibility of the client partner and should be clearly set out in any engagement letter.
The method of reporting back to the client should be specified in the terms of engagement letter.
Due to the onerous nature of this work it is important that any engagement letter fully indemnifies the Firm.
Copy of the engagement letter (as an appendix).
When is the FSA engagement letter signed by the client?
Compliance unit in London office maintains a central register of all corporate finance engagement letters obtained by the firm.
Most engagement letters follow a standard format.