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Professional Services Agreement
"I need a Professional Services Agreement for my IT consulting firm based in Bangalore, providing software development services to international clients, with specific focus on data protection, source code ownership, and service level commitments."
1. Parties: Identification and details of the service provider and service recipient
2. Background: Context of the agreement and brief description of parties' business relationship
3. Definitions: Definitions of key terms used throughout the agreement
4. Scope of Services: Detailed description of professional services to be provided
5. Term and Termination: Duration of agreement and circumstances for termination
6. Fees and Payment Terms: Service fees, payment schedule, and payment methods
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. Representations and Warranties: Statements of fact and promises made by both parties
10. Intellectual Property Rights: Ownership and rights related to work products and pre-existing IP
11. Confidentiality: Protection and handling of confidential information
12. Indemnification: Protection against third-party claims and losses
13. Limitation of Liability: Caps and exclusions on liability of both parties
14. Force Majeure: Provisions for handling events beyond parties' control
15. Governing Law and Jurisdiction: Applicable law and courts for dispute resolution
16. General Provisions: Standard boilerplate clauses including notices, amendments, etc.
1. Data Protection: Required when services involve processing of personal or sensitive data
2. Non-Compete: Restrictions on competitive activities, if relevant to the services
3. Non-Solicitation: Restrictions on hiring other party's employees or approaching clients
4. Insurance: Insurance requirements when services involve significant risks
5. Compliance with Laws: Specific regulatory compliance requirements for regulated industries
6. Service Levels: Specific performance metrics and standards, if applicable
7. Audit Rights: Right to audit service provider's records and performance
8. Change Control: Process for managing changes to services or agreement terms
9. Business Continuity: Required for critical services requiring disaster recovery planning
10. Subcontracting: Terms for allowing/restricting use of subcontractors
1. Schedule A - Scope of Services: Detailed description of services, deliverables, and timelines
2. Schedule B - Fee Schedule: Detailed breakdown of fees, rates, and payment milestones
3. Schedule C - Service Levels: Detailed performance metrics, measurement methods, and penalties
4. Schedule D - Key Personnel: List of key team members and their roles
5. Schedule E - Technical Requirements: Technical specifications and requirements for services
6. Appendix 1 - Contact Details: Contact information for key representatives of both parties
7. Appendix 2 - Compliance Requirements: Specific regulatory or compliance requirements
8. Appendix 3 - Approved Subcontractors: List of pre-approved subcontractors if applicable
Authors
Affiliate
Applicable Law
Business Day
Charges
Client
Client Materials
Commencement Date
Confidential Information
Deliverables
Documentation
Force Majeure Event
Good Industry Practice
Intellectual Property Rights
Key Personnel
Milestone
Professional Services
Project
Project Manager
Service Level Agreement
Service Provider
Services
Specifications
Staff
Statement of Work
Term
Third Party Materials
Work Product
Working Hours
Change Request
Completion Criteria
Acceptance Criteria
Quality Standards
Representatives
Permitted Purpose
Background IP
Foreground IP
Incident
Material Breach
Regulatory Requirements
Taxes
Payment Terms
Dispute
Service Location
Approved Expenses
Appointment
Scope of Services
Service Provider Obligations
Client Obligations
Fees and Payment
Intellectual Property Rights
Confidentiality
Data Protection
Non-Competition
Non-Solicitation
Personnel
Performance Standards
Quality Assurance
Change Control
Term
Termination
Force Majeure
Indemnification
Limitation of Liability
Insurance
Warranties
Representations
Assignment
Subcontracting
Compliance with Laws
Anti-Corruption
Dispute Resolution
Governing Law
Notices
Relationship of Parties
Severability
Entire Agreement
Amendment
Waiver
Time of Essence
Counterparts
Third Party Rights
Record Keeping
Audit Rights
Business Continuity
Service Levels
Acceptance Testing
Transition Services
Information Technology
Management Consulting
Financial Services
Legal Services
Accounting and Audit
Engineering Services
Healthcare Services
Marketing and Advertising
Architecture and Design
Human Resources
Education and Training
Research and Development
Environmental Consulting
Business Process Outsourcing
Project Management
Legal
Procurement
Finance
Operations
Compliance
Risk Management
Business Development
Project Management
Vendor Management
Commercial
Human Resources
Strategy
Administration
Chief Executive Officer
Chief Financial Officer
Chief Legal Officer
General Counsel
Procurement Manager
Contract Manager
Project Manager
Business Development Manager
Operations Director
Finance Director
Legal Counsel
Compliance Officer
Risk Manager
Department Head
Practice Lead
Managing Partner
Senior Consultant
Human Resources Director
Commercial Director
Vendor Management Lead
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