Service Contract Agreement
SERVICE CONTRACT AGREEMENT
This Service Contract Agreement (the "Agreement") is entered into on this day of August 21, 2050 (the "Effective Date"), between [Your Name] (the "Service Provider") and Global Solutions LLC (the "Client").
1. PURPOSE
The purpose of this Agreement is to outline the services to be provided, set expectations, establish legal protection, ensure payment, and outline the termination conditions of the service being delivered by the Service Provider to the Client.
2. SCOPE OF SERVICES
The Service Provider agrees to provide the services as described in this Section. The Service Provider's duties, responsibilities, and provision of services shall be as detailed in the exhibit attached herein.
3. PAYMENT TERMS
The Client hereby consents and agrees to provide compensation to the Service Provider for the services rendered as specified in this Agreement. The payment terms agreed upon include:
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Billing frequency: Monthly
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Rates: $100 per hour
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Late payment penalties or extra charges: A late payment fee of 5% of the total invoice amount will be applied for any payments not made within 30 days of the invoice date.
4. TERM
This section outlines the duration, renewal, and termination provisions governing the contractual relationship between the Service Provider and the Client.
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Commencement Date: The agreement shall commence on the Effective Date mentioned in this Agreement.
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Initial Term: The initial term of this Agreement shall begin on the Commencement Date and continue for 12 months.
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Renewal: Upon expiration of the initial term, this Agreement may automatically renew for successive periods of 12 months unless either party provides written notice of non-renewal within 30 days before the end of the term.
5. LEGAL PROTECTION AND DISPUTE RESOLUTION
This Agreement serves as a legal protection for both parties, detailing the rights and obligations under the terms of the Agreement. In case of disputes, the parties agree to seek resolution through arbitration as outlined herein.
6. TERMINATION OF THE AGREEMENT
Termination by Either Party: Either party may terminate this Agreement by providing 30 days of written notice to the other party.
Termination for Cause: Either party may terminate the Agreement immediately upon written notice in the event of a material breach by the other party.
Termination Due to Force Majeure: Either party may terminate the Agreement upon written notice due to unforeseen events beyond control, such as natural disasters or emergencies ("Force Majeure Events").
Effect of Termination: Upon termination, all activities under the Agreement shall cease, except for any surviving provisions such as payment obligations, confidentiality, and indemnification.
SIGNATURES
By signing below, both the Service Provider and the Client acknowledge that they have read, understood, and agree to the terms and conditions of this Service Contract Agreement.
Service Provider:
Name: [Your Name]
Company Name: [Your Company Name]
Date: August 21, 2050
Client:
Name: John Doe
Company Name: Global Solutions LLC
Date: August 21, 2050
