WHEREAS, the Client wishes to retain the Services of Service Provider;
WHEREAS, the Service Provider has the skills, qualifications, and expertise required to provide the Services to the Client;
WHEREAS, the Service Provider wishes to render such Services to the Client;
NOW, therefore, in consideration of the promises and covenants contained herein, as well as other good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged), the Parties do hereby agree as follows:
As used in this Contract:
Subject to the terms and conditions of this Contract, the Service Provider hereby agrees to render the Services to the Client, beginning on the Commencement Date and ending on the Completion date, along with meeting the specified Key Dates, at the Location directed by the Client, as described below and the Client agrees to pay the Service Provider the Fees required for the Services.
The Service Provider will render the Services at the following location (throughout this Contract, "Location"): [Insert Location]
The Service Provider shall be permitted to use subcontractors in the provision of the Services to the Client. The Service Provider will need to receive prior approval from the Client for the use of a particular intended subcontractor. The Service Provider shall be responsible for the work of a subcontractor whose work shall be undertaken to the same standard as required by this Contract. However, the Parties acknowledge and agree that some subcontractors have their own terms and conditions on which they trade and which are more restrictive than the provisions in this Contract. For example, without limiting the generality of the foregoing, a subcontractor may have more restrictive wording as to the standard it will meet in work it performs (as to timing or quality), what is to happen if that standard is not met, and the restriction and exclusion of liability. Where the terms and conditions of a subcontractor are more restrictive or exclusory than the provisions of this Contract, the Parties agree that work provided by a subcontractor will be governed by the terms and conditions of the subcontractor rather than the provisions of this Contract.
The Service Provider shall only utilize the following staff or employees to assist in the provision of the Services, as these individuals are hereby approved and agreed to by the Client: [Insert names of staff or employees]
The Client agrees to pay the Service Provider the required Fees, as outlined elsewhere in this Contract, for the provision of the Services, subject to the following terms and conditions:
During the provision of the Services, the Client hereby agrees to:
In accordance with the terms and conditions of this Contract, the Service Provider may create certain intellectual property , including, but not limited to, plans, drawings, specifications, reports, advice, analyses, designs, methodologies, code, artwork, or any other intellectual property as required to render the provision of the Services to the Client. Unless the Parties otherwise agree, any such Created IP generated by the Service Provider in connection with the provision of Services to the Client shall belong to the Client.
Each Party hereby acknowledges and agrees that they and the other Party each possess certain non-public Confidential Information and may also possess Trade Secret Information (collectively the "Proprietary Information") regarding their business operations and development. The Parties agree that the Proprietary Information is secret and valuable to each of their respective businesses, and the Parties have entered into a business relationship, through which they will each have access to the other Party's Proprietary Information. Each of the Parties desires to maintain the secret and private nature of any Proprietary Information given. "Receiving Party" refers to the Party that is receiving the Proprietary Information and "Disclosing Party" refers to the Party that is disclosing the Proprietary Information.
During the course of this Contract and for a period of [Insert Period] following the termination of this Contract, the Service Provider agrees to refrain from engaging, directly or indirectly, in any form of commercial competition (including, but not limited to, through business, marketing, investment or financial activities) with the Client. The Service Provider, as well as their employees, agents, and/or representatives, agree not to engage in any form of commercial competition either single-handedly or through the employment or contracting with a third party or organization. Specifically, the Service Provider shall not:
The Service Provider represents and warrants that it will perform the Services using reasonable care and skill for a service provider in their field and that any end products or materials given by the Service Provider to the Client under the terms and conditions of this Contract will not infringe on or violate the intellectual property rights or any other right of any third party.
Except in cases of death or personal injury caused by either Party's negligence, either Party's liability in contract, tort or otherwise arising through or in connection with this Contract or through or in connection with the completion of obligations under this Contract shall be limited to Fees paid by the Client to the Service Provider.
Client hereby agrees to indemnify Service Provider, and all of Service Provider's agents, employees, and representatives against any and all damage, liability, and loss, as well as legal fees and costs incurred as a result of the Services rendered this Contract or any transaction or matter connected with the Services or the relationship between the Service Provider and the Client. This clause shall not be read to provide indemnification for any Party in the event that a competent court of law, rendering a final judgment, holds that the bad faith, gross negligence, or wilful misconduct of the Party caused the damage, liability, or loss.
Time shall be of the essence for the performance by the Service Provider of its obligations under the Contract. Any dates, periods or times for performance specified in the Contract are to be met, and in default, the Service Provider will be in breach of the Contract.
This Contract may be terminated by either Party, upon notice in writing:
The Parties hereby acknowledge and agree that nothing in this Contract shall be deemed to constitute a partnership, joint venture, agency relationship or otherwise between the Parties and that this Contract is for the sole and express purpose of the rendering of the specific Services by the Service Provider to the Client under the terms and conditions herein.
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Create & signWhen it comes to the best business contract example possible, it should be structured to leave no room for confusion, assumption, or misunderstanding. By outlining in detail all that is required of a relationship or business arrangement, a business contract ensures the legal standing of either party—particularly if there is a breach of the contract further down the line.
A breach of contract means that the injured party has the right to seek legal remedy for that breach. As a result, business contracts work by encouraging and motivating all parties to stay true to the contract and uphold it. By being transparent in all contract clauses, every party knows their responsibility and what could happen if they do not fulfill their obligations.
Business contracts are assets when structured and written well. As mentioned above, they outline the responsibilities of the parties involved. In doing so, what was intended from the outset of the contract is far more likely to be achieved, as all parties know what is expected of them. The motivating factor is being legally responsible for those obligations. As a contract is legally binding, those who breach it may be penalized if a court rules in favor of the other party.
Plus, contracts can enhance business relationships, too. Ironing out any issues before a contract is signed makes the business arrangement that transpires from the contract more robust. There is more respect on either side, and the contract is more likely to benefit all involved through effective mutual negotiation.
Use a business contract when a business arrangement needs to be clearly outlined and detailed in a legally binding and enforceable document. At any juncture that two people or two entities need to protect their interests when dealing with one another, a business contract is required to stipulate precisely what that relationship entails.
It should include all of the above clauses to clarify both parties’ obligations and responsibilities and prevent future confusion.
You should use a business contract to ensure all parties know their rights, responsibilities, and obligations. Doing so means that anyone with a commercial interest in a working relationship has their legal standpoint supported from the beginning.
Not only does that mean you and your corresponding service provider or client know they have the law on their side should there be a breach of contract, but it also means that your working relationship will be stronger from the start. Everyone knows where they stand, they know what is required of them, and they do it—knowing that if they don’t, they could be guilty of breaching any of the clauses included in their signed business contract.
Business contract templates are helpful when you want to create a contract that is broadly the same as previous ones you have established with clients or service providers. Business contracts can also be set up quickly and efficiently by writing a letter of intent to a client. Such a business letter will already include much of the information needed in a business contract. As a result, our business template can automatically be populated with that information or data.
Contractbook’s software can help draft, sign, store, execute, and automate new contracts. Any revisions or collaborations are captured when creating a contract, and all documentation is stored safely, securely, and effectively in cloud storage.
From the start of a new business venture, all parties involved have all legal documents in place. Non-disclosure agreements could be used in conjunction with our business contract template, and, again, that can be easily created using our dynamic data processes and procedures. Finally, should you need to refer to any documents created through Contractbook, you can do so with no problem.
Contracts are at the very heart of what we do. Given the advantages that can be reaped when a contract is written and agreed to effectively, it is so essential that contracts are correctly leveraged. Using our software and business contract template library, you can streamline the contract generation process through automation, collaboration, and integration. As creating and completing a contract is far more accessible, business contracts start their life on a far better footing than ever before.
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You can't do that with a PDF.
This contract outlines the terms for a service provider to render specific services to a client company. It defines the services, fees, payment terms, confidentiality obligations, non-compete clauses, termination conditions, and other legal provisions governing the business relationship between the two parties. The contract aims to protect both parties' interests while enabling the service provider to perform the required work for the client.
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And that's just the beginning...