CANCELLED: Engagement Letters – A First Line of Defense (11W999-15)
Description
Learn engagement letter best practices, which can help prevent client
fee and scope disputes, and serve as key evidence in the defense of a
malpractice claim. Best practices will cover professional standard
requirements, key terms and provisions, engagement letter do’s and
don’ts, use of evergreen letters, unilateral letters and more.
Learning Objectives
The basics in engagement letters and professional liability
Malpractice claim scenarios
Common engagement letter mistakes
Engagement letter best practices
Key engagement letter provision
Major Topics
Presentation Outline: 1
Introduction 2
Engagement Letters and
Professional Liability a
Can be effective tool in defense of a claim b
Can limit third party claims depending on state statutes and case law 3
Malpractice Claim Scenarios a
Claim scenario with no engagement letter
and difficulties in defending claim b
Claim scenario with engagement
letter and success of defense based on written engagement terms and
provisions 4
Common Engagement Letter Mistakes a
Use of evergreen
letters b
Combining multiple services c
Indemnification language
considerations d
Lack of clear scope definition e
Use of marketing and
proposal statements f
Lack of limitation on use of CPA firm work
product 5
