Framework Services Agreement
Publisher one
Genie AISource file
framework_services_agreement_template.docxJurisdiction
England and WalesCost
Free to useContract party
Relevant sectors
Type of legal document
🏗️ Framework agreementBusiness activity
Provide a service to a customerA framework agreement is a type of contract between two parties that outlines the terms of a relationship and establishes a plan for future interactions. The agreement is not legally binding, but it can be used to create a more formal contract later on. The agreement typically covers topics such as the roles and responsibilities of each party, the duration of the agreement, and the terms of communication and collaboration.
The template begins by stating the identities of both parties, including their contact details and addresses. It also specifies the purpose of the agreement and the scope of the services to be provided. This may include details on the specific services, deliverables, and any applicable timelines.
The agreement further defines the obligations and responsibilities of both parties. It typically outlines the service provider's duties, such as the standards of performance, deadlines, and any applicable warranties or guarantees. The client's responsibilities, such as providing necessary information or access, may also be included.
The template addresses issues related to pricing and payment terms. It may specify the fees or rates for the services rendered, any applicable taxes, invoicing procedures, and the timeframe for payment. Additionally, provisions regarding expenses, reimbursements, and late payment penalties might be included.
Furthermore, the template covers intellectual property rights and confidentiality. It may specify who holds ownership of any intellectual property developed during the provision of services and the extent to which the client may use or modify such property. Confidentiality clauses safeguard sensitive information shared during the course of the agreement.
The template incorporates provisions related to termination and dispute resolution. It may include notice periods required for termination, circumstances allowing for immediate termination, and any applicable consequences. Additionally, it may stipulate the mechanism for resolving disputes, such as through negotiations, mediation, or arbitration.
Finally, the agreement typically includes general provisions concerning governing law, force majeure events, assignment or subcontracting, waiver of rights, and notice provisions. These ensure that both parties are aware of their rights, obligations, and the legal framework governing their relationship.
Overall, a Framework Services Agreement under UK law provides a comprehensive legal framework for the long-term provision of services, ensuring clarity and protection for both the service provider and the client.
How it works
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Book your personalised demo now
Similar legal templates
Software Licence Contract (Pro-Supplier)
Publisher
Genie AIJurisdiction
England and WalesSolution Engineer Contract
This Solution Engineer contract template is designed for a commercial solutions engineering organisation (or an individual solution engineer) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of solutions engineering and solutions-engineering-related services to be completed by the solution engineer on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the solutions engineering firm or individual solution engineer on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).
Publisher
Genie AIJurisdiction
England and WalesStandard Borrower Board Meeting Minutes To Approve Completing An Acquisition Finance Transaction (Bilateral)
An acquisition finance transaction refers to the process of obtaining funding to acquire another company or assets in pursuit of growth or strategic objectives. This template aims to document the crucial board meeting where the borrower's directors gather to deliberate and ultimately authorize the completion of such a transaction.
The meeting minutes record the discussions, resolutions, and decisions made during the board meeting. These minutes serve as an official record that provides legal certainty and transparency regarding the board's actions and compliance with relevant corporate governance requirements under UK law.
The template likely includes sections to capture essential information such as the meeting's date, time, and location, as well as a list of directors present or in attendance. It may also outline the agenda items for discussion, which could encompass topics such as the terms and conditions of the proposed acquisition finance transaction, its potential impact on the borrower's financials, and any associated risks.
The minutes would further detail pertinent deliberations, questions, and answers raised by directors and the subsequent resolutions passed. These resolutions ultimately determine whether the borrower proceeds with, modifies, or rejects the acquisition finance transaction, reflecting the board's official mandate.
The template's purpose is to provide a standardized format for documenting the borrower's board meetings, ensuring consistent record-keeping practices and compliance with legal norms. It may help streamline the administrative process involved in obtaining necessary approvals, while also serving as a valuable reference for internal and external stakeholders, auditors, or legal counsel.
As this template is tailored for use under UK law, it is likely designed to align with the legal requirements and corporate governance guidelines prescribed by UK legislation, such as the Companies Act 2006. Users of this template would need to modify and adapt it to accurately reflect the specific details and circumstances of their acquisition finance transaction and align with their organization's internal policies and procedures.