The Service Agreement template is a legal document that outlines the terms of a business arrangement between a Service Provider and a Client. It includes detailed information on the scope of services, compensation, confidentiality, governing law, limitation of liability, and termination procedures. It is a comprehensive agreement that helps ensure that both parties are protected and informed of their obligations.
This Service Agreement ("Agreement") is made and entered into on [Date] by and between [Company], with a principal place of business at [Address] ("Service Provider"), and [Client Name], residing at [Address] ("Client").
1. Scope of Services
Service Provider shall provide the following services to Client: [Description of Services]. Service Provider shall perform the services in a professional and workmanlike manner and in accordance with industry standards.
2. Compensation
Client shall pay Service Provider for the services rendered at the rate of [Rate] per [Unit of Time]. Service Provider shall submit invoices to Client on a [Billing Period] basis. Client shall pay each invoice within [Payment Period] days of receipt.
3. Term and Termination
This Agreement shall commence on the date first written above and shall continue in effect until terminated by either party upon [Notice Period] days' written notice to the other party. Notwithstanding the foregoing, either party may terminate this Agreement immediately upon written notice if the other party breaches any material term or condition of this Agreement.
4. Confidentiality and Non-Disclosure
Service Provider agrees to maintain the confidentiality of all confidential and proprietary information of Client, including but not limited to trade secrets, customer lists, and financial information. Service Provider also agrees not to disclose any such information to any third party without the prior written consent of Client.
5. Governing Law and Dispute Resolution
This Agreement shall be governed by and construed in accordance with the laws of [State]. Any disputes arising under or in connection with this Agreement shall be resolved by binding arbitration in accordance with the rules of the American Arbitration Association.
6. Limitation of Liability
Service Provider shall not be liable to Client for any indirect, special, consequential, or incidental damages arising out of or in connection with the services rendered under this Agreement, even if Service Provider has been advised of the possibility of such damages. In no event shall Service Provider's total liability to Client exceed the total amount paid by Client to Service Provider under this Agreement.
7. Independent Contractor
Service Provider is an independent contractor and not an employee or agent of Client. This Agreement shall not be construed as creating a partnership, joint venture, or relationship of principal and agent between the parties.
8. Entire Agreement
This Agreement constitutes the entire agreement between the parties and supersedes all prior and contemporaneous agreements and understandings, whether written or oral, relating to the subject matter of this Agreement. This Agreement may not be amended or modified except in writing signed by both parties.
IN WITNESS WHEREOF, the parties have executed this Service Agreement as of the date first above written.
SERVICE PROVIDER:
[Company Name]
By: _____________________________ [Authorized Company Representative]