Issue link: https://htpgraphics.uberflip.com/i/392122
40 to support this view. If the view is correct that it imposes a different level of obligation, it is difficult in practice to specify what actions will be regarded as meeting the different standard. If you get into debates over these words it is always better to think about what you would do in practice e.g. commit at least ten hours to doing something, and state that in the contract instead. Protecting your Institution Even recognising that you may have been asked to perform a consultancy entirely due to your personal reputation, if you are undertaking the consultancy as a private consultancy rather than consultancy work on behalf of your institution, then you need to protect your own institution from risk. You need to make it clear that the consultancy contract is between you and the client and not your institution and the client. In particular, you should make sure that you do not use any of your institution's letter-heading in connection with the consultancy. You should state in all of your reports that any opinions and recommendations are yours and not those of your employer. Your contract should make it clear that your institution has no liability in connection with the consultancy arrangement and, ideally, your client should sign a disclaimer addressed to your institution confirming that it will not hold your institution liable for any work undertaken as part of the consultancy. You may be using your institution's resources, be they equipment, consumables or other members of staff, to assist you in providing private consultancy services. If so, you need to be sure that you have in place the proper arrangements with your supervisor and institution for the use of such resources. In particular, if your institution is a charitable institution, you must pay in full for such resources, so it does not compromise your institution's charitable status. Tax Undertaking consultancy work is viewed as running a business. So you have to consider all the sorts of issues that many larger businesses have to take on board. These may be issues such as liability to employees and health and safety issues, where applicable, but will definitely include tax. Managing Risk Section 6