{{company_name}}
{{company_address}}
Phone: {{phone}} | Email: {{email}} | Web: {{website}}
Professional Services Agreement
Professional Services Agreement
{{company_name}} {{company_address}} Phone: {{phone}} Email: {{email}} Website: {{website}}
PROFESSIONAL SERVICES AGREEMENT
This Professional Services Agreement (the 'Agreement') is made and entered into as of {{effective_date}} (the 'Effective Date'), by and between:
{{service_provider_name}}, a company duly incorporated and existing under the laws of {{service_provider_jurisdiction}}, with its principal place of business at {{service_provider_address}} (the 'Service Provider'); and
{{client_company_name}}, a company duly incorporated and existing under the laws of {{client_jurisdiction}}, with its principal place of business at {{client_address}} (the 'Client').
The Service Provider and the Client are hereinafter individually referred to as a 'Party' and collectively as the 'Parties'.
1. SCOPE OF SERVICES
1.1. The Service Provider agrees to perform the professional services ('Services') as more fully described in Schedule A, attached hereto and incorporated by reference.
1.2. Any changes or additions to the Services must be agreed upon in writing by both Parties through a mutually signed amendment to this Agreement.
1.3. The Service Provider shall perform the Services in a professional manner, using personnel and resources with suitable qualifications and experience.
2. TERM AND TERMINATION
2.1. This Agreement shall commence on the Effective Date and shall continue until the completion of the Services, unless terminated earlier in accordance with the provisions of this Agreement.
2.2. Either Party may terminate this Agreement for convenience by providing {{notice_period}} days' written notice to the other Party.
2.3. Either Party may terminate this Agreement immediately upon written notice if the other Party materially breaches any provision of this Agreement and fails to cure such breach within {{cure_period}} days of receiving written notice thereof.
3. FEES AND PAYMENT
3.1. In consideration for the performance of the Services, the Client shall pay the Service Provider fees as set out in Schedule B, attached hereto and incorporated by reference.
3.2. All invoices shall be submitted by the Service Provider to the Client and shall be payable within {{payment_days}} days of receipt, in {{currency}}.
3.3. Late payments shall accrue interest at a rate of {{interest_rate}}% per annum or the maximum rate permitted by applicable law, whichever is lower.
4. CONFIDENTIALITY
4.1. Both Parties agree to keep confidential all non-public information, data, and know-how (collectively, 'Confidential Information') disclosed by one Party to the other, whether orally or in writing, in connection with this Agreement.
4.2. Confidential Information shall not be disclosed to any third party without the prior written consent of the disclosing Party, except as required by law.
4.3. The obligations of confidentiality shall survive the termination or expiration of this Agreement for a period of {{confidentiality_period}} years.
5. INTELLECTUAL PROPERTY
5.1. All intellectual property rights, including but not limited to copyrights, patents, trademarks, and trade secrets, arising from the Services performed under this Agreement ('Works'), shall belong to the {{intellectual_property_owner}}.
5.2. The Service Provider hereby assigns to the Client all right, title, and interest in and to the Works, including all intellectual property rights therein, upon full payment of the fees.
5.3. The Service Provider warrants that the Works will not infringe upon the intellectual property rights of any third party.
6. INDEMNIFICATION
6.1. The Service Provider shall indemnify, defend, and hold harmless the Client from and against any and all claims, liabilities, costs, damages, and expenses (including reasonable attorneys' fees) arising out of or in connection with any breach of this Agreement by the Service Provider or the negligence or willful misconduct of the Service Provider or its employees or agents.
6.2. The Client shall indemnify, defend, and hold harmless the Service Provider from and against any and all claims, liabilities, costs, damages, and expenses (including reasonable attorneys' fees) arising out of or in connection with any breach of this Agreement by the Client or the negligence or willful misconduct of the Client or its employees or agents.
7. LIMITATION OF LIABILITY
7.1. In no event shall either Party be liable to the other Party for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, data, or business interruption, arising out of or in connection with this Agreement, regardless of the form of action, whether in contract, tort (including negligence), or otherwise, even if such Party has been advised of the possibility of such damages.
7.2. The total aggregate liability of the Service Provider to the Client for any and all claims arising out of or in connection with this Agreement shall not exceed the total fees paid by the Client to the Service Provider under this Agreement.
8. GOVERNING LAW AND DISPUTE RESOLUTION
8.1. This Agreement shall be governed by and construed in accordance with the laws of {{governing_law_jurisdiction}}.
8.2. Any dispute, controversy, or claim arising out of or relating to this Agreement, or the breach, termination, or invalidity thereof, shall be settled by arbitration in accordance with the rules of the {{arbitration_institution}}.
8.3. The seat of the arbitration shall be {{arbitration_city}}, and the language of the arbitration shall be English.
9. ENTIRE AGREEMENT
This Agreement, including its Schedules, constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior and contemporaneous understandings, agreements, representations, and warranties, both written and oral, with respect to such subject matter.
IN WITNESS WHEREOF, the Parties hereto have executed this Professional Services Agreement as of the Effective Date.
____________________________ By: {{service_provider_signatory_name}} Title: {{service_provider_signatory_title}} For: {{service_provider_name}} ____________________________ By: {{client_signatory_name}} Title: {{client_signatory_title}} For: {{client_company_name}}
Related templates
Preliminary Acceptance of Product for Resale
This template is used by a reseller to formally acknowledge the preliminary acceptance of a product from a supplier, prior to final acceptance and payment. It outlines the terms of acceptance, inspection, and any initial discrepancies.
Diligence Confidentiality Protocol
Protocol governing handling, distribution, and destruction of confidential diligence materials.
Diligence Findings Memo
Internal diligence findings memo with material issues and recommended deal adjustments.
Non-Disclosure Agreement (Mutual M&A)
Mutual NDA tailored for M&A discussions with non-solicit and standstill optional.