What does Engagement Letter mean? Read on to discover the definition & meaning of the term Engagement Letter - to help you better understand the language used in insurance policies.
A letter written by a professional, most often an accountant or attorney, stating the scope of work that will be performed for a given client with regard to a specific project. Engagement letters are important because they establish the nature and scope of work a professional has agreed to provide. Deviation from what is stated in an engagement letter often forms the basis for a claim against the professional.
We hope the you have a better understanding of the meaning of Engagement Letter.