Fee Contract Template for India

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Key Requirements PROMPT example:

Fee Contract

"I need a Fee Contract for my IT consulting services company based in Bangalore, providing software development services to a US client, with monthly payments of $10,000 starting March 2025."

Document background
This Fee Contract template is designed for use in the Indian jurisdiction when establishing a formal agreement for professional services. It is particularly relevant when engaging consultants, freelancers, or service providers for specific projects or ongoing services. The Fee Contract comprehensively addresses essential elements required under Indian contract law, including clear payment terms, service scope, and delivery obligations. It incorporates necessary provisions for GST compliance, TDS requirements, and other regulatory considerations specific to the Indian context. This document type is commonly used across various industries where professional services are rendered, from IT consulting to management advisory, and can be customized based on the specific nature of services, fee structure, and delivery requirements.
Suggested Sections

1. Parties: Identification and details of the service provider and client

2. Background: Context of the agreement and brief description of the parties' intentions

3. Definitions: Key terms used throughout the agreement and their meanings

4. Scope of Services: Detailed description of services to be provided

5. Fees and Payment Terms: Fee structure, payment schedule, and payment methods

6. Term and Termination: Duration of the agreement and conditions for termination

7. Obligations of Service Provider: Key responsibilities and commitments of the service provider

8. Obligations of Client: Key responsibilities and commitments of the client

9. Confidentiality: Provisions for handling confidential information

10. Intellectual Property Rights: Ownership and rights related to work products and pre-existing IP

11. Indemnification: Protection against losses and liability allocation

12. Governing Law and Jurisdiction: Applicable law and courts for dispute resolution

13. Notices: Method and addresses for official communications

14. Entire Agreement: Integration clause confirming this as the complete agreement

Optional Sections

1. Force Majeure: Used when parties want to address unforeseeable circumstances preventing performance

2. Non-Compete: Include when restricting service provider from working with competitors

3. Non-Solicitation: Include when preventing parties from hiring each other's employees

4. Insurance: Include when specific insurance coverage is required

5. Assignment: Include when transfer of rights needs to be restricted or permitted

6. Dispute Resolution: Include when specific arbitration or mediation procedures are desired

7. Service Levels: Include when specific performance metrics need to be maintained

8. Compliance with Laws: Include when specific regulatory compliance needs to be emphasized

Suggested Schedules

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

2. Schedule B - Fee Schedule: Detailed fee structure, rates, and payment milestones

3. Schedule C - Service Levels: Performance metrics and quality standards

4. Schedule D - Key Personnel: List of key team members and their roles

5. Appendix 1 - Communication Protocol: Procedures for routine communications and escalations

6. Appendix 2 - Required Documents: List of documents/certificates required from parties

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

Information Technology

Professional Services

Management Consulting

Legal Services

Financial Services

Healthcare

Engineering

Education and Training

Marketing and Advertising

Research and Development

Architecture

Design Services

Business Process Outsourcing

Human Resources

Relevant Teams

Legal

Procurement

Finance

Operations

Human Resources

Compliance

Commercial

Business Development

Contract Administration

Risk Management

Relevant Roles

Legal Counsel

Contract Manager

Procurement Manager

Project Manager

Business Development Manager

Finance Manager

Operations Manager

Human Resources Manager

Compliance Officer

Chief Financial Officer

Chief Operating Officer

Director of Operations

General Counsel

Commercial Manager

Industries
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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