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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."
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
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
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
Services
Flat Fee
Commencement Date
Completion Date
Deliverables
Business Day
Force Majeure Event
Confidential Information
Intellectual Property Rights
Service Location
Client Materials
Project Plan
Payment Schedule
Service Provider
Client
Service Standards
Scope of Work
Representatives
Working Hours
Additional Services
Milestone
Acceptance Criteria
Service Tax
Currency
Payment Terms
Scope of Work
Duration
Obligations
Representations and Warranties
Confidentiality
Intellectual Property
Termination
Force Majeure
Liability
Indemnification
Insurance
Assignment
Notices
Dispute Resolution
Governing Law
Amendment
Entire Agreement
Severability
Service Standards
Performance Metrics
Client Cooperation
Documentation
Acceptance
Modifications
Tax Compliance
Record Keeping
Non-Solicitation
Waiver
Professional Services
Legal Services
Consulting
Information Technology
Creative Industries
Engineering
Architecture
Accounting
Business Advisory
Project Management
Marketing and Advertising
Construction
Education and Training
Legal
Finance
Procurement
Operations
Business Development
Sales
Project Management
Contract Administration
Risk Management
Commercial
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
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