Free Simple Contract for Professional Services Template
Simple Contract for Professional Services
This Professional Services Agreement ("Agreement") is entered into as of January 1, 2050, by and between [Your Company Name], a company organized and existing under the laws of Alabama, with its principal place of business located at [Your Company Address] ("Service Provider"), and Virtooso, a corporation organized and existing under the laws of the State of Alabama, with its principal office located at Montgomery, AL 36101 ("Client").
The Service Provider and Client are collectively referred to as the "Parties" and individually as a "Party."
I. Purpose of Agreement
The purpose of this Agreement is to establish the terms and conditions under which the Service Provider will provide certain professional services to the Client. The services to be provided are more fully described in the Statement of Work ("SOW") attached to this Agreement.
II. Scope of Services
1. Services to be Provided
The Service Provider agrees to provide the following professional services to the Client:
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Consulting services focused on business strategy, including market analysis, competitive positioning, and long-term growth planning.
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Project management services, assisting in the implementation of specific projects as outlined in the Statement of Work.
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Training services to Client’s employees in areas such as leadership, communication, and operational efficiency.
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Ongoing support to assist in the execution of strategic initiatives or address any arising business needs.
2. Deliverables
The Service Provider agrees to deliver the following to the Client in connection with the services provided:
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A comprehensive report based on the market analysis and competitive positioning of Client's business.
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Training materials including presentations, guides, and workshops for employee development.
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Regular status updates on project milestones and the implementation of strategy.
3. Modifications
Any changes to the scope of services, deliverables, or timelines must be agreed upon in writing by both Parties.
III. Payment Terms
1. Compensation
The Client agrees to compensate the Service Provider as follows:
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A fixed fee of $150,000 for the consulting services outlined in the SOW.
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A project-based fee for the project management and training services to be paid upon completion of each phase, as specified in the SOW.
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Any additional costs such as travel or materials required for the services, which will be pre-approved by the Client and reimbursed accordingly.
2. Invoicing
The Service Provider will invoice the Client for services rendered based on the completion of milestones or deliverables as specified in the Statement of Work. All invoices must be submitted to [Your Company Email].
3. Payment Due Dates
Payment for each invoice is due within 30 days of receipt. Any late payments will incur a 1.5% monthly late fee, starting on the 31st day after the invoice date.
IV. Term and Termination
1. Term of Agreement
This Agreement will commence on January 1, 2050, and will remain in effect until the services described in the Statement of Work have been completed, unless earlier terminated as provided herein.
2. Termination for Convenience
Either Party may terminate this Agreement for any reason by providing 60 days written notice to the other Party. In the event of termination for convenience, the Client agrees to pay for all services rendered up to the date of termination.
3. Termination for Cause
Either Party may terminate this Agreement immediately if the other Party materially breaches any provision of this Agreement and fails to cure such breach within 30 days of receiving written notice.
4. Effect of Termination
Upon termination of this Agreement, the Service Provider shall return all Client materials and deliverables, and the Client shall pay for services rendered up to the termination date.
V. Confidentiality
1. Confidential Information
Both Parties acknowledge that during the course of this Agreement, they may receive or have access to confidential information related to each other’s businesses. Each Party agrees to keep such information confidential and to use it only for the purposes outlined in this Agreement.
2. Non-Disclosure
Neither Party shall disclose any confidential information to third parties without prior written consent, except as required by law.
VI. Representations and Warranties
1. Service Provider Warranties
The Service Provider warrants that it has the necessary qualifications, skills, and expertise to perform the services outlined in this Agreement. The Service Provider further warrants that all services will be performed in a professional and workmanlike manner in accordance with industry standards.
2. Client Warranties
The Client warrants that it has the authority to enter into this Agreement and that it will provide the Service Provider with all necessary information and resources required to carry out the services.
VII. Governing Law and Dispute Resolution
1. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of Alabama, without regard to its conflicts of law principles.
2. Dispute Resolution
Any disputes arising out of or relating to this Agreement shall be resolved through mediation in the State of Alabama. If mediation is unsuccessful, the Parties may pursue legal action in the courts of Alabama.
VIII. Indemnification
1. Service Provider Indemnity
The Service Provider agrees to indemnify, defend, and hold harmless the Client from any claims, damages, or liabilities arising from the Service Provider's breach of this Agreement or its negligent actions.
2. Client Indemnity
The Client agrees to indemnify, defend, and hold harmless the Service Provider from any claims, damages, or liabilities arising from the Client’s breach of this Agreement or its negligent actions.
IX. Miscellaneous
1. Independent Contractors
The Service Provider and Client are independent contractors. Nothing in this Agreement shall be construed as creating a joint venture, partnership, or employer-employee relationship between the Parties.
2. Force Majeure
Neither Party will be held responsible for any delays or failure to perform under this Agreement due to events beyond its control, including but not limited to, natural disasters, strikes, or governmental actions.
3. Entire Agreement
This Agreement, including all appendices, exhibits, and the Statement of Work, constitutes the entire understanding between the Parties and supersedes all prior discussions or agreements.
4. Amendments
This Agreement may only be amended by a written document signed by both Parties.
X. Signatories
IN WITNESS WHEREOF, the Parties have executed this Professional Services Agreement as of the Effective Date.
Client:
Adela Abshire
Virtooso
Date: January 1, 2050
Service Provider:
[Your Name]
[Your Company Name]
Date: January 1, 2050
For any inquiries, please contact [Your Name] at [Your Email] or [Your Company Email].
