Covenant Advisory Group
Fixed-fee legal service that keeps up with your business—from contract reviews to closing deals.
Our team reviews, negotiates, and streamlines the full spectrum of contracts used by SMEs in the UK and worldwide—from sales and procurement to technology, data, employment, real estate, finance, M&A, marketing, and dispute resolution. We handle everything from day-to-day commercial agreements to sector-specific and cross-border arrangements, ensuring clear risk allocation, compliance, and practical, business-first outcomes. A comprehensive list of contract types we cover is provided below.
Founders’ agreement / partnership agreement: Allocates equity, roles, IP assignment, vesting, and decision-making.
Shareholders’ agreement: Governance, voting, transfers, pre-emption, drag/tag rights, and dispute resolution.
Articles of association / operating agreement: Constitutional documents setting internal rules (company or LLC).
Joint venture agreement: Structure, contributions, profit split, governance, and exits for JV projects.
Non-binding term sheet / letter of intent (LOI) / memorandum of understanding (MOU): High-level commercial terms pre-contract.
Subscription agreement / investor rights agreement: Sets the terms on which investors subscribe for shares and their ongoing rights.
Share option agreements and plan rules (e.g., EMI in the UK): Employee equity incentives, vesting, leaver provisions, and tax.
Voting agreement / founders’ voting arrangements (common in US-style deals): Alignment on board composition and key decisions.
Deed of novation / deed of variation / assignment: Transfers or alters contractual obligations or rights between parties.
Side letters: Tailored variations to main agreements for specific parties.
Master services agreement (MSA) + statement of work (SOW): Framework terms with project-specific deliverables.
Sale of goods agreement / purchase order terms: Pricing, delivery, risk/title transfer, and warranties.
General terms and conditions (T&Cs): Standard terms attached to quotes, POs, or online sales.
Supply agreement / framework (call-off) agreement: Ongoing supply with forecasts, minimums, and SLAs.
Distribution agreement: Appoints distributor; territory, exclusivity, performance targets.
Agency agreement (commercial agent): Agent solicits orders; commission, termination, indemnities.
Reseller / VAR / white-label / OEM agreement: Resale rights, branding, support, and liability split.
Franchise agreement: Brand/system licensing, fees, territory, training, and compliance.
Manufacturing / contract manufacturing (CM) agreement: Specifications, quality, tooling, change control.
Logistics / warehousing / fulfillment agreement: Storage, handling, liability, and service levels.
Maintenance & support / after-sales agreement: Response times, remedies, and spare parts.
Evaluation/trial/Beta or proof-of-concept (POC) agreement: Time-limited trials with liability caps and IP/testing parameters.
Joint development / collaboration agreement (JDA): Co-creation of products or tech, foreground/background IP, and exploitation.
SaaS subscription agreement: Access rights, uptime SLAs, support, data handling, and pricing model.
Software licence agreement (on-prem): Licence scope, users, restrictions, and updates.
MSA for IT services / implementation: Configuration, milestones, acceptance, and change control.
Website/app terms of use: User rules, IP notices, disclaimers, and governing law.
E-commerce terms (B2C/B2B): Ordering, pricing, delivery/returns, and consumer rights (B2C).
IP assignment / IP licence: Ownership transfer or permission to use specific IP.
Escrow agreement (software/tech): Release of source code on trigger events.
Data processing agreement (DPA): Processor obligations under UK GDPR/EU GDPR and international equivalents.
Data sharing agreement: Controller-to-controller sharing terms and safeguards.
Confidentiality agreement (NDA) – mutual/one-way: Protects trade secrets and sensitive information.
Compliance certifications and addenda: InfoSec (e.g., security schedules), sanctions/export controls clauses.
Employment contract (permanent/fixed-term): Role, pay, benefits, confidentiality, IP, post-termination restrictions.
Director’s service agreement: Enhanced duties, remuneration, and fiduciary terms.
Casual/zero-hours contract (UK): Irregular hours and working patterns.
Consultancy / contractor agreement (IR35-aware in the UK): Scope, deliverables, substitution, tax status.
Apprenticeship agreement (UK where applicable): Training obligations and duration.
Settlement agreement (employment): Waiver of claims, payments, and references.
Staff handbook / policies acknowledgment: Not a contract, but commonly linked to employment terms.
Secondment agreement: Temporary placement of staff with clients or group companies, supervision, and liabilities.
Internship/placement agreement: Learning objectives, duration, pay status, and IP/confidentiality.
Commission/bonus plans and sales compensation agreements: Targets, clawback, and disputes.
Restrictive covenant agreement (stand-alone): Non-compete, non-solicit, and non-deal provisions.
Invention and IP assignment (for employees/contractors): Ensures ownership of created IP is vested in the company.
Commercial lease / licence to occupy: Premises use, rent, repairs, service charges, and break options.
Equipment lease / hire purchase: Asset use, maintenance, title/possession, and end-of-term options.
Asset purchase agreement (APA): Transfer of specified assets; warranties and indemnities.
Services/maintenance for premises (FM): Facilities management, cleaning, security, and SLAs.
Agreement for lease and agreement for licence: Pre-commitment terms pending fit-out or conditions.
Rent deposit deed / guarantor deed: Security for landlord; triggers for drawdown and release.
Licence for alterations / fit-out: Approvals, reinstatement, and compliance.
Service level-based FM bundles: Integrated facilities management with performance-linked fees.
Collateral warranties (to funders/tenants/purchasers): Duty of care and step-in rights.
Parent company guarantee (PCG): Contractor’s obligations backed by group parent.
Performance bond / retention bond: Surety support for performance and defects.
Appointment novation (design and build): Transfers design team contracts to the main contractor.
Loan/facility agreement: Interest, covenants, security, repayment, and events of default.
Security documents (debenture, charge, mortgage): Collateral over assets or receivables.
Guarantee and indemnity: Third-party support for obligations.
Convertible loan note / SAFE-style instrument: Debt/equity conversion mechanics for early-stage funding.
Invoice finance / factoring / supply-chain finance agreement: Assignment of receivables and fees.
Merchant acquiring / payment services agreement (PSP): Card processing, reserves, chargebacks, and PCI compliance.
Direct debit service agreement: Scheme compliance and indemnities.
FX/hedging agreements (e.g., ISDA, FX forward confirmations): Risk management for currency/interest exposures.
Intercreditor / subordination agreement: Priority arrangements among lenders or lender vs. shareholder loans.
Promissory note / simple loan note: Short-form debt with repayment terms.
Share purchase agreement (SPA): Sale of shares, pricing, warranties, indemnities, and completion mechanics.
Business transfer/APA (as above): Carve-outs, TUPE-style employee transfers (where applicable).
Transition services agreement (TSA): Post-completion support services.
Confidentiality and exclusivity agreements: Deal protections during diligence.
Export/import sales agreement: Incorporates delivery terms, export controls, and tax/customs provisions.
Incoterms-based clauses: Allocates costs/risks for transport, insurance, and customs.
Letter of credit / trade finance documents: Payment security for cross-border transactions.
Agency/distribution (cross-border) addenda: Local law compliance, language, and currency terms.
Minor works / small works contract (e.g., JCT/NEC forms in the UK): Scope, time, payment, and defects period.
Subcontract agreement: Flow-down obligations, programme, and change control.
Professional appointment (consultants): Duty of care, PI insurance, and deliverables.
Marketing services / creative services agreement: Brief, IP ownership, approvals, and usage rights.
Sponsorship agreement: Rights granted, deliverables, and brand guidelines.
Influencer/affiliate agreement: Content standards, disclosures, and compensation.
Event / venue hire agreement: Booking terms, liability, and cancellation.
Content licence (photo/video/music) and releases (model/location): Usage rights and clearances.
SaaS marketplace listing/publisher agreement: Distribution, revenue share, and compliance with marketplace policies.
Data co-op/clean room participation agreement: Data collaboration with privacy-preserving terms.
Service level agreement (SLA): Targets, reporting, credits, and escalation.
Warranty agreement / extended warranty: Coverage scope and exclusions.
Indemnity agreement / hold-harmless: Allocation of specific risks.
Settlement agreement (commercial): Resolves disputes and releases claims.
Insurance clauses and endorsements: Evidence of cover, additional insureds, waivers of subrogation.
Supplier code of conduct / ethical sourcing agreement: Modern slavery, anti-bribery, and sustainability obligations.
Environmental services/waste management contract: Duty of care, permits, and reporting.
Carbon/renewable energy certificate purchase agreement: Scope, verification, and delivery of credits/RECs.
Covenant Advisory Group Limited is an independent legal consultancy specialising in commercial contracts, fintech & payments, derivatives and structured products, governance & risk, and—newly expanded—start-ups, business law, and employment advisory. We blend top-tier legal rigour with boutique agility and transparent pricing. We are not SRA-regulated and therefore do not perform reserved legal activities; our focus is high-impact advisory for businesses.
What to expect when you work with us
Commercial contract drafting, review, and negotiation across the full vendor-to-customer lifecycle, plus data privacy/GDPR, governance, fintech & payments, derivatives, and employment advisory.
Fast, pragmatic, plain-English advice with clear positions and fallback clauses.
DPIAs, privacy notices, DPA suites, cookie frameworks, cross-border data, breach readiness.
Contract playbooks, approval matrices, and policy frameworks that scale.
EMI/PI readiness, open banking, crypto policy, ISDA/GMRA/GMSLA support.
Typical documents we review, draft or negotiate
High-growth businesses don’t stumble because of ambition — they stumble when legal infrastructure can’t keep pace. A full-time General Counsel is a heavy hire. A reactive, ad-hoc legal model leaves gaps. Covenant Advisory Group’s Fractional GC model plugs senior legal capability straight into your operating rhythm, without the payroll drag.
CAG becomes your on-demand legal function — part strategic advisor, part risk partner, part contract operator. You get consistent, board-level legal input that aligns with your commercial roadmap, governance obligations, and deal cadence. We operate as an extension of your leadership team, driving accuracy, accountability, and operational velocity across the legal stack.
Strategic advisory
Board-level input on risk, governance and commercial structuring of key relationships and transactions.
Operational execution
Day-to-day drafting, review and negotiation support that keeps deals moving without losing protection.
Risk partnership
Proactive support on regulatory, privacy, employment and operational risks — not just firefighting.
Reporting & governance
Issues lists, decision trails and board-ready reporting that bring discipline to your legal function.
Choose the level of embedded support that matches your deal volume, governance load and internal capacity.
All prices are exclusive of VAT. Custom packages available for PE-backed and multi-entity groups.
FGC | Core
Predictable, day-to-day legal support for growing businesses that need a consistent legal partner.
From £1,750 + VAT / month
Outcome: a consistent legal partner who keeps your documentation, decisions and deliverables on track.
FGC | Plus
A fully integrated legal function for organisations with heavier governance and investor expectations.
From £3,250 + VAT / month
Outcome: a fully integrated legal function that sharpens decision-making and reduces downstream friction.
FGC | On-Call
Senior legal bandwidth when you need it — no retainer, no long-term commitment.
From £250 + VAT / hour
Outcome: instant access to high-level legal execution when timelines, negotiations or regulators turn up the heat.
FOR CORPORATES / MID-MARKET PARTICIPANTS
FGC | TIER 1
Stable, predictable legal cover supporting internal GC oversight.
From £6,500 + VAT / month
Outcome: dependable support for BAU with low volatility.
FGC | TIER 2
Recommended sweet spot for scaling teams with in-house GC.
From £8,000 + VAT / month
Outcome: strengthens internal GC without additional headcount.
FGC | TIER 3
For transformation programmes, global privacy work and heavy contract volumes.
From £12,000 + VAT / month
Outcome: fractional senior counsel across multiple concurrent workstreams.
CAG’s Fractional GC service gives you the control, confidence and continuity your business needs to scale safely and operate at enterprise standard.
Book a strategy sessionExpert, scalable support for modern, regulated and fast-moving organisations.
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All prices are exclusive of VAT. A 20% new-client discount applies to your first instruction (cap £1,500).
Includes redlines, risk/issues list, and debrief
| Pages |
Standard
(3-day)
|
Fast
(2-day)
|
Express
(next-day)
|
|---|---|---|---|
| 20 pages | £169 | £225 | £289 |
| 21–30 pages | £225 | £289 | £339 |
| 31–50 pages | £295 | £365 | £425 |
| Each additional 10 pages | +£60 | +£75 | +£90 |
Flexible support by consultant level
Transparent fixed fees
Outcome-based fixed fees where possible
| Work type | Fixed fee (ex-VAT) |
|---|---|
| EMI/PI readiness scan (desktop) | £2,950–£3,800 (per jurisdiction) |
| Crypto policy & controls pack | £1,950–£2,750 |
| ISDA / GMRA framework set-up (light) | £2,200–£3,200 |
| Credit Support Annex (CSA) — negotiate/draft incl. Eligibility Schedule | £1,650–£2,400 |
| Initial Margin CSA (IM CSA) & custody documentation (tri-party / segregated) | £3,600–£6,800 |
| Uncleared Margin Rules (UMR) readiness pack (SIMM/thresholds, docs, custody options) | £3,800–£6,200 |
| Confirmations — template pack & playbook (vanilla FX/IR/commodities) | £950 |
| Confirmation (complex/structured product) — bespoke drafting | £1,250–£2,200 |
| EMIR delegated reporting | £1,250–£2,250 |
| EMIR Refit classification & reporting gap analysis | £1,400–£2,400 |
| Voluntary Carbon Markets — ERPA/credit purchase terms + DD checklist | £2,200–£3,500 |
| Close-out & Default Playbook (ISDA/EFET) — incl. sample notices | £18,000 |
| Netting & Collateral Opinions — coordination (per jurisdiction) | £450–£950 + external counsel fees |
Want the fuller picture in one place? The CAG Client Pack summarises who we are, how we work and what you can expect when you plug our team into your business — from fixed-fee reviews through to Fractional GC support.
By the numbers
What’s inside
It’s designed as a board- and stakeholder-friendly summary: a quick way to show colleagues what CAG does, how we price, and how we help teams move faster with less risk.
Download Client Pack (PDF)Covenant Advisory Group is a UK-based independent legal consultancy specialising in commercial contracts, fintech and corporate governance. We combine big-firm training with in-house pragmatism — City-grade quality without the City-grade invoices.
Free playbooks and checklists to help you move faster with less risk.
We’d love to hear from you. Whether you’re seeking fixed-fee contract support, ongoing advisory, or just want to explore how we can help — reach out to us. We aim to respond within 24 hours.
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