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Flat Fee Agreement
"I need a Flat Fee Agreement for web development services to be provided by my company to a retail client, with a fixed fee of INR 500,000 payable in three installments, project completion by March 2025, and including source code transfer provisions."
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
4. Scope of Services: Detailed description of services to be provided under the flat fee arrangement
5. Fees and Payment Terms: Fixed fee amount, payment schedule, and payment methods
6. Service Provider's Obligations: Key responsibilities and commitments of the service provider
7. Client's Obligations: Key responsibilities and commitments of the client
8. Term and Timeline: Duration of the agreement and key milestone dates
9. Acceptance Criteria: Standards for accepting deliverables and handling revisions
10. Warranties: Guarantees provided by both parties regarding their capacity and service quality
11. Limitation of Liability: Caps on liability and excluded damages
12. Termination: Conditions and process for ending the agreement
13. Force Majeure: Provisions for unforeseen circumstances preventing performance
14. Governing Law and Jurisdiction: Applicable law and courts having jurisdiction
15. Notices: Process and addresses for formal communications between parties
1. Intellectual Property Rights: Used when services involve creation or use of intellectual property
2. Confidentiality: Used when sensitive information will be shared between parties
3. Non-Solicitation: Used to prevent hiring of each other's employees
4. Data Protection: Used when personal data processing is involved
5. Insurance: Used when specific insurance coverage is required
6. Compliance with Laws: Used when specific regulatory compliance needs to be addressed
7. Sub-contracting: Used when service provider may need to engage sub-contractors
8. Change Control: Used for complex services where scope changes might be needed
9. Assignment: Used when transfer of rights needs to be restricted or permitted
1. Schedule 1 - Scope of Services: Detailed breakdown of services and deliverables
2. Schedule 2 - Fee Schedule: Detailed breakdown of the flat fee and payment milestones
3. Schedule 3 - Service Levels: Specific performance standards and metrics
4. Schedule 4 - Key Personnel: Details of key team members assigned to the project
5. Schedule 5 - Timeline: Detailed project timeline and milestones
6. Appendix A - Communication Protocol: Procedures for day-to-day communications and escalations
7. Appendix B - Acceptance Testing Procedures: Detailed procedures for accepting deliverables
Authors
Acceptance Criteria
Applicable Law
Business Day
Client
Client Materials
Commencement Date
Confidential Information
Deliverables
Effective Date
Fees
Fixed Fee
Force Majeure Event
GST
Intellectual Property Rights
Key Personnel
Milestone
Notice
Party/Parties
Payment Schedule
Project
Project Manager
Representatives
Schedule
Scope of Services
Service Provider
Services
Service Levels
Specifications
Term
Termination Date
Working Hours
Payment Terms
Fixed Fee
Service Levels
Acceptance
Deliverables
Performance Standards
Client Obligations
Service Provider Obligations
Term and Duration
Termination
Intellectual Property
Confidentiality
Data Protection
Warranties
Indemnification
Limitation of Liability
Force Majeure
Assignment
Subcontracting
Notice
Dispute Resolution
Governing Law
Entire Agreement
Amendment
Severability
Waiver
Relationship of Parties
Compliance with Laws
Insurance
Non-Solicitation
Representations
Time of Essence
Survival
Third Party Rights
Information Technology
Professional Services
Consulting
Legal Services
Accounting
Architecture
Design Services
Engineering
Marketing and Advertising
Business Advisory
Construction
Education and Training
Healthcare Services
Real Estate Services
Research and Development
Legal
Finance
Procurement
Operations
Project Management
Commercial
Business Development
Sales
Accounts
Administration
Risk Management
Compliance
Legal Counsel
Contract Manager
Project Manager
Finance Manager
Business Development Manager
Operations Director
Procurement Manager
Commercial Manager
Managing Director
CEO
CFO
Consultant
Professional Service Provider
Account Manager
Sales Manager
Department Head
Managing Partner
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