Accounting Financial Services Agreement
Accounting Financial Services Agreement
This Accounting Financial Services Agreement (hereinafter referred to as the “Agreement”) is made and entered into on [Month Day, Year], by and between:
[Your Company Name], a [State] corporation with its principal place of business located at [Your Company Address] (hereinafter referred to as the "Client"), and
[Accounting Firm Name], a [State] limited liability company with its principal place of business located at [Accounting Firm Address] (hereinafter referred to as the "Service Provider").
Collectively referred to as the “Parties.”
1. SCOPE OF SERVICES
1.1. The Service Provider agrees to provide the Client with accounting and financial services, including but not limited to:
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Bookkeeping Services: Recording financial transactions, maintaining ledgers, and preparing financial reports.
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Tax Preparation and Filing: Preparing and filing federal, state, and local tax returns.
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Financial Analysis: Analyzing financial statements, providing insights, and making recommendations for financial improvements.
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Payroll Services: Managing payroll processing, including deductions, withholdings, and tax filings.
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Audit Assistance: Assisting with audit preparation and representation before tax authorities.
1.2. Any additional services requested by the Client not listed in this Agreement shall require a written amendment signed by both Parties.
2. TERM
2.1. This Agreement shall commence on [Month Day, Year] and shall remain in effect for a period of [0] months/years, unless terminated earlier in accordance with the terms of this Agreement.
2.2. This Agreement may be renewed for successive terms by mutual written consent of both Parties.
3. COMPENSATION
3.1. Fees: The Client agrees to pay the Service Provider a fee of $[0] per [month] for the services rendered under this Agreement.
3.2. Invoicing: The Service Provider shall issue invoices on a [monthly] basis, detailing the services provided during the billing period. Invoices shall be payable within [0] days of receipt.
3.3. Late Payments: Any payment not received within [Number] days of the invoice date shall be subject to a late fee of [Percentage]% per month on the outstanding balance.
3.4. Expenses: The Client shall reimburse the Service Provider for any out-of-pocket expenses incurred in connection with the services provided, including but not limited to travel, lodging, and material costs, provided that such expenses are pre-approved in writing by the Client.
4. CONFIDENTIALITY
4.1. Confidential Information: The Service Provider acknowledges that during the course of this Agreement, it may have access to confidential and proprietary information of the Client, including but not limited to financial records, business plans, and client lists ("Confidential Information").
4.2. Non-Disclosure: The Service Provider agrees not to disclose, use, or permit the use of any Confidential Information except as necessary to perform the services under this Agreement or as required by law.
4.3. Return of Materials: Upon termination of this Agreement, the Service Provider shall return or destroy all materials containing Confidential Information at the Client’s request.
4.4. Survival: The obligations under this Section 4 shall survive the termination of this Agreement.
5. INDEPENDENT CONTRACTOR
5.1. Relationship: The Service Provider is an independent contractor and is not an employee, partner, agent, or representative of the Client. Nothing in this Agreement shall be construed to create any partnership, joint venture, or agency relationship between the Parties.
5.2. Taxes: The Service Provider shall be solely responsible for all taxes, withholdings, and other statutory obligations arising out of the compensation received under this Agreement.
6. INDEMNIFICATION
6.1. Service Provider's Indemnity: The Service Provider agrees to indemnify, defend, and hold harmless the Client and its officers, directors, employees, and agents from and against any and all claims, liabilities, losses, damages, and expenses (including reasonable attorney’s fees) arising out of or in connection with the Service Provider’s performance of the services under this Agreement.
6.2. Client's Indemnity: The Client agrees to indemnify, defend, and hold harmless the Service Provider and its officers, directors, employees, and agents from and against any and all claims, liabilities, losses, damages, and expenses (including reasonable attorney’s fees) arising out of or in connection with the Client’s breach of this Agreement or the Client’s use of the services provided.
7. TERMINATION
7.1. Termination for Convenience: Either Party may terminate this Agreement at any time for any reason upon [0] days' written notice to the other Party.
7.2. Termination for Cause: Either Party may terminate this Agreement immediately upon written notice if the other Party breaches any material term of this Agreement and fails to cure such breach within [0] days after receipt of written notice of the breach.
7.3. Effect of Termination: Upon termination of this Agreement, the Service Provider shall cease all work and deliver all completed or partially completed work to the Client. The Client shall pay the Service Provider for all services rendered up to the date of termination.
7.4. Survival: The provisions of Sections 3 (Compensation), 4 (Confidentiality), 6 (Indemnification), and 9 (Governing Law and Dispute Resolution) shall survive the termination of this Agreement.
8. WARRANTIES AND REPRESENTATIONS
8.1. Service Provider: The Service Provider warrants and represents that it has the requisite skill, experience, and resources to perform the services under this Agreement in a professional and workmanlike manner in accordance with industry standards.
8.2. Client: The Client warrants and represents that it has the authority to enter into this Agreement and that the information it provides to the Service Provider will be accurate and complete.
8.3. Disclaimer of Warranties: Except as expressly provided in this Agreement, the Service Provider makes no other warranties, express or implied, including any warranties of merchantability or fitness for a particular purpose.
9. GOVERNING LAW AND DISPUTE RESOLUTION
9.1. Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of [State], without regard to its conflict of law principles.
9.2. Dispute Resolution: Any dispute arising out of or relating to this Agreement shall be resolved through good faith negotiations between the Parties. If the dispute cannot be resolved through negotiation, the Parties agree to submit the dispute to mediation before a mutually agreed-upon mediator. If mediation fails, the Parties may pursue any legal remedies available to them.
9.3. Venue: Any legal action arising out of or related to this Agreement shall be brought exclusively in the state or federal courts located in [County, State], and the Parties consent to the jurisdiction of such courts.
10. GENERAL PROVISIONS
10.1. Entire Agreement: This Agreement constitutes the entire understanding between the Parties with respect to the subject matter hereof and supersedes all prior agreements, representations, and understandings of the Parties, whether written or oral.
10.2. Amendments: No amendment or modification of this Agreement shall be valid unless in writing and signed by both Parties.
10.3. Waiver: The failure of either Party to enforce any right or provision of this Agreement shall not constitute a waiver of that right or provision.
10.4. Severability: If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.
10.5. Notices: Any notice required or permitted to be given under this Agreement shall be in writing and shall be delivered personally, by certified mail, or by a recognized courier service to the address of the other Party set forth above.
10.6. Assignment: Neither Party may assign this Agreement or any rights or obligations hereunder without the prior written consent of the other Party.
10.7. Counterparts: This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the day and year first above written.
[Your Company Name]
By:
[Your Name]
[Title]
[Month Day, Year]
[Accounting Firm Name]
By:
[Full Name]
[Title]
[Month Day, Year]
