Free Sample Service Contract Agreement Template
Sample Service Contract Agreement
I. Introduction
This Service Contract Agreement (“Agreement”) is entered into on this 10th day of September, 2050, by and between:
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[Your Company Name], a corporation organized under the laws of the State of New York, with its principal place of business at [Your Company Address], represented by [Your Name], Chief Operations Officer (hereinafter referred to as “Party A”); and
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SynoVita, a corporation organized under the laws of the State of New York, with its principal place of business at Buffalo, NY 14201, represented by Duane Wiza, Chief Executive Officer (hereinafter referred to as “Party B”).
WHEREAS, Party A and Party B wish to engage in a mutually beneficial service relationship, wherein Party A will provide certain services to Party B under the terms outlined herein;
NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth, the parties agree as follows:
II. Scope of Services
1. Services Provided
Party A agrees to provide the following services to Party B:
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Consulting on business strategies and operational efficiency.
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Support and maintenance for SynoVita's existing software systems.
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Regular reporting and analysis to improve business workflows.
2. Timeline for Services
The services shall commence on 10th September, 2050, and be completed by 10th December, 2050, unless otherwise agreed upon in writing by both parties.
3. Performance Standards
Party A agrees to perform the services with the highest level of professionalism and in accordance with industry standards.
III. Compensation
1. Service Fee
Party B agrees to pay Party A a total fee of $150,000 for the services outlined in this Agreement.
2. Payment Schedule
The total service fee will be paid in the following installments:
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$50,000 upon signing this Agreement.
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$50,000 upon delivery of the first monthly report, due on 15th October, 2050.
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$50,000 upon completion of all services, due on 10th December, 2050.
3. Late Payment Fees
If any payment is not made within 15 days of the due date, a 5% late fee will be applied to the outstanding balance for each month the payment is delayed.
IV. Confidentiality
1. Confidential Information
Both parties agree that all proprietary information, data, and trade secrets disclosed in the course of this Agreement shall remain confidential.
2. Exclusions from Confidentiality
Confidentiality obligations do not apply to information that:
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Is in the public domain through no fault of the receiving party.
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Is lawfully obtained from a third party.
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Is required to be disclosed by law or regulatory authority.
V. Term and Termination
1. Term
This Agreement will begin on 10th September, 2050, and will continue until 10th December, 2050, unless earlier terminated as specified below.
2. Termination for Convenience
Either party may terminate this Agreement by providing written notice to the other party 30 days in advance.
3. Termination for Cause
In the event of a material breach of this Agreement by either party, the non-breaching party may terminate the Agreement by giving 15 days’ written notice to the breaching party, provided the breach is not cured during this period.
VI. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of New York. Any disputes that arise from or relate to this Agreement shall be resolved in the courts of Buffalo, NY.
VII. Miscellaneous
1. Entire Agreement
This Agreement constitutes the entire understanding between the parties and supersedes all prior agreements, discussions, or understandings, whether oral or written, related to the subject matter of this Agreement.
2. Amendments
Any amendments to this Agreement must be made in writing and signed by both parties.
3. Severability
If any provision of this Agreement is found to be invalid or unenforceable by a court of law, the remaining provisions shall remain in full force and effect.
4. Notices
All notices under this Agreement shall be sent to the following addresses:
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Party A: [Your Name] at [Your Email]
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Party B: Duane Wiza at duane@you.mail
VIII. Signatures
IN WITNESS WHEREOF, the parties have executed this Service Contract Agreement as of the date first written above.
[Your Company Name]
[Your Name], Chief Operations Officer
Date: 10th September, 2050
SynoVita
Duane Wiza, Chief Executive Officer
Date: 10th September, 2050