Service Agreement India Sample

When it comes to providing services in India, having a service agreement in place is crucial to ensure that all parties involved are on the same page. A service agreement is a legally binding document that outlines the terms and conditions of the service being provided, as well as the obligations and responsibilities of both the service provider and the client.

In order to create a service agreement in India, it is important to understand the key components that should be included. These components may vary depending on the type of service being provided and the specific needs of the parties involved. However, some basic elements that should be included in any service agreement are as follows:

1. Scope of Services: This section should clearly define the scope of the services being provided, including details about what the service provider will and will not do.

2. Fees and Payment Terms: This section should specify the fees charged for the services and the payment terms, including any late payment fees or interest rates.

3. Confidentiality: This section should outline the obligations of both parties to maintain the confidentiality of any sensitive information shared during the course of the service.

4. Termination and Cancellation: This section should detail the circumstances under which the service agreement may be terminated or cancelled, as well as any penalties or fees associated with such actions.

5. Intellectual Property: This section should address any intellectual property rights involved in the service, such as copyrights or trademarks.

To help you draft your own service agreement in India, we have provided a sample template below which can be customized to meet your specific needs:

[Insert Company Name], Service Agreement

This Agreement („Agreement“) is made on [Insert Date] by and between [Insert Service Provider Name] (hereinafter referred to as „Service Provider“), having its registered office at [Insert Address] and [Insert Client Name] (hereinafter referred to as „Client“), having its registered office at [Insert Address].

Scope of Services:

Service Provider agrees to provide the following services to the Client:

[Insert details of the services being provided]

Fees and Payment Terms:

Client agrees to pay Service Provider [Insert Amount] for the services rendered, payable within [Insert Time Frame] of invoicing. In the event of late payment, Client shall be liable to pay a late payment fee of [Insert Late Payment Fee] or [Insert Late Payment Percentage]% interest per month.

Confidentiality:

During the course of the service, both parties may share proprietary or confidential information. Both parties agree to maintain the confidentiality of such information and not to disclose it to any third party without the other party`s prior written consent.

Termination and Cancellation:

Either party may terminate this Agreement upon [Insert Notice Time Frame] days` written notice. In the event of termination or cancellation, Client shall be responsible for paying any outstanding fees owed to Service Provider up to the date of termination or cancellation.

Intellectual Property:

Service Provider agrees to grant to Client a non-exclusive, non-transferable license to use any intellectual property related to the service provided, solely for the purpose of the services rendered.

This Agreement constitutes the entire agreement between the parties and supersedes all prior discussions and agreements between them. This Agreement shall be governed by and construed in accordance with the laws of India.

Signed by:

[Insert Service Provider Name]

[Insert Date]

[Insert Client Name]

[Insert Date]

In conclusion, having a service agreement in place in India is an essential step for any service provider or client. By clearly outlining the terms and conditions of the service being provided, both parties can ensure a smooth and successful working relationship. Use the above sample template as a guide to create your own comprehensive service agreement.