Flat Fee Agreement Template for Malaysia

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Key Requirements PROMPT example:

Flat Fee Agreement

"I need a Flat Fee Agreement for providing IT consulting services to a Malaysian corporation, with a fixed payment of RM 50,000 to be paid in three installments, starting March 2025."

Document background
The Flat Fee Agreement is designed for use in the Malaysian business environment where parties wish to establish a clear, fixed-price arrangement for professional services. This document is particularly valuable when service providers and clients want to avoid the uncertainty of hourly rates or variable pricing structures. The agreement comprehensively addresses the scope of services, payment terms, delivery timelines, and mutual obligations while ensuring compliance with Malaysian legal requirements, including the Contracts Act 1950, Consumer Protection Act 1999, and Service Tax Act 2018. It is commonly used by professional service providers, consultants, and businesses seeking to establish transparent, predictable fee arrangements for specific projects or services.
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' intention to enter into a flat fee arrangement

3. Definitions: Key terms used throughout the agreement defined for clarity

4. Scope of Services: Detailed description of the services to be provided under the flat fee arrangement

5. Fee Structure: Clear statement of the flat fee amount, payment terms, and what the fee includes/excludes

6. Payment Terms: Timeline for payments, method of payment, and consequences of late payment

7. Duration: Term of the agreement, including start and end dates if applicable

8. Obligations of Service Provider: Responsibilities and commitments of the service provider

9. Obligations of Client: Responsibilities and commitments of the client

10. Termination: Conditions under which either party may terminate the agreement and the consequences

11. Governing Law: Specification that Malaysian law governs the agreement

12. Execution: Signature blocks and execution details

Optional Sections

1. Confidentiality: Terms regarding confidential information handling, used when sensitive information will be shared

2. Intellectual Property: Provisions regarding ownership of work product, necessary when creative or technical work is involved

3. Force Majeure: Provisions for unforeseen circumstances, recommended for longer-term arrangements

4. Insurance: Requirements for professional indemnity or other insurance, important for high-risk services

5. Dispute Resolution: Specific procedures for handling disputes, recommended for high-value contracts

6. Non-Competition: Restrictions on competitive activities, relevant when sharing sensitive business information

7. Assignment: Terms regarding the transfer of rights and obligations, important for corporate clients

Suggested Schedules

1. Schedule A - Detailed Scope of Services: Comprehensive breakdown of services covered under the flat fee

2. Schedule B - Fee Breakdown: Detailed breakdown of the flat fee components if applicable

3. Schedule C - Timeline and Deliverables: Specific milestones and delivery dates for the services

4. Schedule D - Service Level Requirements: Specific performance standards and metrics if applicable

5. Appendix 1 - Required Documentation: List of documents required from the client

6. Appendix 2 - Contact Information: Key contact persons and their details for both 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

Professional Services

Legal Services

Consulting

Information Technology

Creative Industries

Engineering

Architecture

Accounting

Business Advisory

Project Management

Marketing and Advertising

Construction

Education and Training

Relevant Teams

Legal

Finance

Procurement

Operations

Business Development

Sales

Project Management

Contract Administration

Risk Management

Commercial

Relevant Roles

Chief Executive Officer

Managing Director

Business Development Manager

Project Manager

Legal Counsel

Contract Manager

Finance Manager

Operations Director

Procurement Manager

Consultant

Professional Service Provider

Business Owner

Department Head

Account Manager

Sales Director

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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