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Standards and Practices
Consultants may only undertake
to provide services for which they possess the necessary competence and
organization provided that they may enter into association with others
or engage outside assistance to acquire such competence and organization.
The principal activity of
every Consultant must be to offer consulting and related services in his
or her area of expertise to prospective clients. Such activities must
not be permanently exclusive to any one client.
Consultants must have a
control over their business affairs. They must act with complete fidelity
to their Client and with responsibility to society in respect of every
task.
Consultants must be remunerated
solely by way of fees or other form of compensation paid by the Client.
No direct or indirect benefit shall be received from any other party without
the Client's written approval.
Consultants may protect
by patents, or other legal or contractual arrangements, new techniques
or processes that their work enables them to perfect, and to sell these
patents or grant licenses and to draw fees upon them.
A member
must maintain accounts separate from any parent company, shareholder,
owner and any affiliated firm so that all costs whether direct or indirect
are brought into account. Such
costs must be fully reflected in the fees or other form of payment charged
by the Consultant to the Client.
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