SUB CONTRACT

This Subcontract ("Contract") establishes the contractual relationship between [Your Company Name] ("Contractor") and [Subcontractor's Company Name] ("Subcontractor"), outlining the terms and conditions under which Subcontractor shall provide services to Contractor. Effective as of [Date], both parties mutually agree to abide by the terms herein, which govern the scope of work, payment arrangements, confidentiality obligations, indemnification, insurance requirements, dispute resolution mechanisms, and other relevant provisions essential to the successful execution of the subcontracted services.

1. Scope of Work

The subcontractor agrees to perform the following services for the Contractor:

• A detailed description of services: The subcontractor will provide electrical installation services for the construction project at [insert project location/address]. This includes but is not limited to wiring, fixture installation, and ensuring compliance with local electrical codes and regulations.

Specific tasks, duties, and responsibilities:

• Conduct on-site assessments to determine electrical requirements.

• Procure necessary materials and equipment for the installation.

• Install wiring systems according to blueprints and specifications.

• Mount and connect electrical fixtures, outlets, and switches.

• Test and troubleshoot electrical systems to ensure functionality and safety.

• Coordinate with other subcontractors and the Contractor to ensure seamless integration of electrical work with the overall project timeline.

• Provide documentation and reports as required by regulatory authorities and the Contractor.

Expected deliverables:

• Completed electrical installation as per project requirements and specifications.

• Documentation including wiring diagrams, inspection reports, and certificates of compliance.

• Any necessary training or instructional materials for end-users (if applicable).

2. Payment

Contractor shall compensate Subcontractor as follows:

• Payment amount: The subcontractor will be compensated at a rate of $10,000,000, which shall be inclusive of all expenses related to the provision of services outlined in the Scope of Work.

• Payment schedule: Payment shall be made on a payment schedule, bi-weekly basis, with invoices submitted by the subcontractor for approval before payment.

• Invoicing procedures: The subcontractor is responsible for sending detailed invoices, including the list of services, hours worked, materials used, and any extra expenses, to the Contractor by the end of each month.

• Method of payment: Payments shall be made via check, with the subcontractor providing the necessary banking information or address for check delivery. All payments will be made within 15 days of receipt and approval of the invoice by the Contractor.

3. Term and Termination

This Contract shall commence on [Start Date] and continue until [End Date] unless terminated earlier as provided herein.

Either party may terminate this Contract under the following conditions:

• Breach of contract: If either party fails to fulfill any material obligation or breaches any provision of this Contract, the non-breaching party may terminate the Contract upon written notice to the breaching party. The breaching party shall have a period of 30 days to cure the breach before termination takes effect unless the breach is incurable or of such nature that immediate termination is warranted.

• Failure to perform: If the subcontractor fails to perform the services outlined in the Scope of Work to the satisfaction of the Contractor, the Contractor reserves the right to terminate this Contract upon written notice to the subcontractor. The subcontractor shall have a period of 14 days to rectify the performance issues before termination takes effect.

• Notice period required for termination: Except in cases of immediate termination due to incurable breaches or performance issues posing significant risk or harm, either party must provide written notice of termination to the other party at least 30 days before the intended termination date.

4. Confidentiality

Both parties agree to maintain the confidentiality of any proprietary or sensitive information shared during this Contract.

Non-disclosure obligations: Each party shall refrain from disclosing or using, without the prior written consent of the other party, any confidential information obtained or exchanged during the term of this Contract. Confidential information includes but is not limited to trade secrets, financial information, business strategies, and any other information marked or reasonably understood to be confidential.

Handling of confidential information:

• Both parties shall take reasonable measures to safeguard and protect confidential information from unauthorized access, use, or disclosure.

• Confidential information shall only be disclosed to employees, agents, or representatives of either party who have a legitimate need to know such information to fulfill obligations under this Agreement, and who are bound by confidentiality obligations at least as restrictive as those contained herein.

• Any physical or electronic copies of confidential information shall be securely stored and, upon termination of this Contract or request by the disclosing party, returned or destroyed in a manner that ensures complete confidentiality.

Exceptions to confidentiality: Confidential information shall not include information that:

• Is or becomes publicly available through no fault of the receiving party.

• Was rightfully in the possession of the receiving party before disclosure by the disclosing party, as evidenced by written records.

• Is independently developed by the receiving party without reference to or use of the disclosing party's confidential information.

• Is disclosed to the receiving party by a third party who is not bound by confidentiality obligations concerning such information.

5. Indemnification

Subcontractor agrees to indemnify and hold the Contractor harmless from any claims, liabilities, damages, or expenses arising from the Subcontractor's performance under this Contract.

Indemnification provisions:

• The subcontractor shall indemnify, defend, and hold harmless the Contractor, its officers, directors, employees, agents, and affiliates from and against any claims, demands, suits, actions, liabilities, damages, losses, costs, and expenses (including reasonable attorneys' fees) arising out of or related to

A. Any breach of this Contract by the subcontractor.

B. Any negligent acts or omissions, willful misconduct, or fraudulent behavior of the subcontractor or its employees, agents, or representatives.

C. Any injury to persons, property damage, or other harm caused by the subcontractor's work or services performed under this Agreement.

D. Any violation of applicable laws, regulations, or industry standards by the subcontractor.

• The subcontractor's indemnification obligations shall survive the termination or expiration of this Contract.

Limitations of liability:

• Notwithstanding anything to the contrary in this Contract, the subcontractor's total liability under this Contract shall not exceed $1,000,000.

• The subcontractor shall not be liable to the Contractor or any third party for any indirect, consequential, incidental, punitive, or special damages, including but not limited to loss of profits, revenue, or business opportunities, arising out of or related to the performance or non-performance of services under this Contract, even if the subcontractor has been advised of the possibility of such damages.

6. Insurance

Subcontractor shall maintain the following insurance coverage during the term of this Contract:

Types of insurance coverage required:

• General Liability Insurance: Coverage for bodily injury, property damage, and personal and advertising injury liability arising out of subcontractor's operations.

• Workers' Compensation Insurance: Coverage for statutory workers' compensation benefits to employees for work-related injuries or illnesses.

• Professional Liability Insurance: Coverage for claims arising from professional services rendered by the subcontractor.

• Automobile Liability Insurance: Coverage for liability arising from the use of owned, non-owned, and hired vehicles in connection with subcontractor's operations.

Minimum coverage amounts:

• General Liability: $1,000,000 per occurrence and $2,000,000 aggregate.

• Workers' Compensation: Compliant with statutory requirements in the jurisdiction(s) where the subcontractor operates.

• Professional Liability: $500,000 per claim and $1,000,000 aggregate (if applicable).

• Automobile Liability: $500,000 per occurrence for bodily injury and property damage.

• Additional insured endorsements: The Contractor shall be named as an additional insured on the subcontractor's General Liability and Automobile Liability policies. Such endorsement shall provide coverage to the Contractor for liability arising out of the subcontractor's operations performed under this Contract.

7. Governing Law and Dispute Resolution

This Agreement shall be governed by and construed by the laws of [Jurisdiction].

Any disputes arising out of or in connection with this Contract shall be resolved through mediation followed by arbitration if mediation is unsuccessful.

8. Miscellaneous

This Contract constitutes the entire understanding between the parties concerning the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral.

This Contract may not be amended except in writing signed by both parties.

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

[YOUR NAME]

[YOUR COMPANY NAME]

[DATE SIGNED]

[SUBCONTRACTOR'S NAME]

[SUBCONTRACTOR'S COMPANY NAME]

[DATE SIGNED]

Contract Templates @ Template.net