Flat Fee Agreement Template for England and Wales

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Key Requirements PROMPT example:

Flat Fee Agreement

"I need a Flat Fee Agreement for my web development company to provide a complete e-commerce website build for a retail client, with a fixed price of £25,000 and delivery scheduled for March 2025, including provisions for maintenance and updates for 6 months post-launch."

Document background
The Flat Fee Agreement is designed for situations where parties wish to agree on a fixed price for services upfront, providing cost certainty and simplified billing arrangements. This contract type is particularly useful when the scope of work can be clearly defined and quantified. Under English and Welsh law, this agreement typically includes detailed service specifications, delivery timelines, payment terms, and conditions for modification or termination. It's commonly used in professional services, creative industries, and construction sectors where project scope can be clearly defined. The agreement ensures compliance with relevant UK legislation while protecting both parties' interests through clear terms and conditions.
Suggested Sections

1. Parties: Identification of contracting parties and their details

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Services: Detailed description of services to be provided

5. Fees and Payment: Fixed fee amount, payment terms and schedule

6. Duration: Term of the agreement and completion timeline

7. Obligations: Responsibilities of both parties

8. Termination: Conditions for ending the agreement

Optional Sections

1. Intellectual Property: IP rights and ownership - use when services involve creation of intellectual property

2. Confidentiality: Protection of sensitive information - use when sensitive information will be shared

3. Force Majeure: Provisions for unforeseeable circumstances - recommended for longer-term or high-value agreements

4. Insurance: Insurance requirements - use for high-risk or regulated services

Suggested Schedules

1. Schedule of Services: Detailed breakdown of services to be provided

2. Fee Schedule: Detailed breakdown of fees and payment milestones

3. Service Level Agreement: Performance standards and metrics - for complex service arrangements

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries
Relevant Teams
Relevant Roles
Industries

Supply of Goods and Services Act 1982: Primary legislation governing service contracts in England and Wales. Includes implied terms about reasonable care, skill, time, and cost considerations.

Consumer Rights Act 2015: Key legislation for consumer contracts covering mandatory consumer protection, transparency requirements, unfair terms regulations, and service quality standards.

Unfair Contract Terms Act 1977: Controls and restricts the use of exclusion clauses and limitation of liability, implementing a reasonableness test for contract terms.

Unfair Terms in Consumer Contracts Regulations 1999: Ensures fairness and transparency in consumer contract terms, providing additional consumer protection against unfair terms.

Late Payment of Commercial Debts (Interest) Act 1998: Regulates payment terms and statutory interest on late payments in commercial transactions.

Money Laundering Regulations 2017: Sets requirements for client due diligence and record keeping obligations in financial transactions and professional services.

GDPR and Data Protection Act 2018: Establishes requirements for data protection clauses and privacy considerations in contracts involving personal data processing.

Professional Regulations: Industry-specific requirements and professional body guidelines that may affect the contract terms and service delivery standards.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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