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Service Agreement

This Service Agreement template is used to formally document the terms and conditions between a service provider and a client. It outlines the scope of work, payment terms, and responsibilities of both parties.

Updated 15d ago
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Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

SERVICE AGREEMENT

This Service Agreement (hereinafter referred to as the “Agreement”) is made effective as of {{effective_date}}, by and between {{client_company_name}} (hereinafter referred to as the “Client”), located at {{client_company_address}}, and {{service_provider_company_name}} (hereinafter referred to as the “Service Provider”), located at {{service_provider_company_address}}.

1. SCOPE OF SERVICES

The Service Provider agrees to provide the following services to the Client (hereinafter referred to as the “Services”): {{detailed_description_of_services}} Any additional services requested by the Client outside the scope of this Agreement will be subject to a separate written agreement and additional charges.

2. TERM AND TERMINATION

This Agreement shall commence on {{start_date}} and shall continue until {{end_date}} unless terminated earlier in accordance with the provisions of this Agreement. Either party may terminate this Agreement by providing {{notice_period}} days’ written notice to the other party. In the event of termination, the Client shall pay the Service Provider for all Services rendered up to the date of termination.

3. PAYMENT TERMS

The Client agrees to pay the Service Provider a total fee of {{currency_symbol}}{{total_fee}} for the Services, payable as follows: {{payment_schedule_and_method}}. Invoices will be issued by the Service Provider on {{billing_frequency}} and are payable within {{payment_due_days}} days of receipt. Late payments may incur an interest charge of {{late_payment_interest_rate}}% per month.

4. CONFIDENTIALITY

Both parties agree to keep all confidential information exchanged during the course of this Agreement strictly confidential. Confidential information includes, but is not limited to, business plans, financial data, client lists, and intellectual property. This obligation of confidentiality shall survive the termination of this Agreement for a period of {{confidentiality_period}} years.

5. INTELLECTUAL PROPERTY

All intellectual property rights, including copyrights, patents, and trademarks, arising from the Services provided under this Agreement shall belong to {{intellectual_property_owner}}. The Service Provider grants the Client a {{license_type}} license to use any intellectual property created specifically for the Client under this Agreement.

6. LIMITATION OF LIABILITY

The Service Provider shall not be liable for any indirect, incidental, special, consequential, or punitive damages, or any loss of profits or revenues, whether incurred directly or indirectly, or any loss of data, use, goodwill, or other intangible losses, resulting from (a) your access to or use of or inability to access or use the Services; (b) any conduct or content of any third party on the Services; (c) any content obtained from the Services; and (d) unauthorized access, use or alteration of your transmissions or content. The Service Provider’s total liability to the Client for any claim arising out of or relating to this Agreement shall not exceed the total amount paid by the Client to the Service Provider under this Agreement during the {{liability_period}} months preceding the event giving rise to the claim.

7. GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of {{country}}.

8. ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the Client and the Service Provider and supersedes all prior agreements, understandings, and negotiations, whether written or oral, relating to the subject matter hereof. Any modification to this Agreement must be in writing and signed by both parties.

Signature Block

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above.

For the Client:

_____________________________

Name: {{client_signatory_name}}

Title: {{client_signatory_title}}

Date: {{client_signature_date}}

For the Service Provider:

_____________________________

Name: {{service_provider_signatory_name}}

Title: {{service_provider_signatory_title}}

Date: {{service_provider_signature_date}}

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