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Service Provision Agreement On

A written service contract describes the terms of use, including a description of the work, the price of the service, insurance and more. It can also be used for an organization or current position that does not have an end date at the time of signing the contract. If any of the following applies and it is inappropriate to continue to provide the service to the depositor, the Bank will suspend the provision of the service or terminate the service contract after notice from the depositor. Identify the customer and the service provider. Please insert contact information for both parties. If you contract with a service provider – from the ISP, eventcatererer to a digital marketing agency – you get a service contract from the provider. The service contract describes the relationship between your company and the supplier. In most cases, these agreements have a standard language and provisions. While the contract with a large supplier is probably not negotiable, it is likely that a contract with a small to medium-sized enterprise is negotiable. The following list contains the main provisions that you should pay attention to when concluding a service contract, including: payment, amount of benefits, modification, termination, liability insurance, confidentiality, intellectual property and choice of law / dispute resolution. ABB`s liability for non-compliance with obligations under this Agreement or for the non-provision of its employees, representatives, subcontractors and suppliers, except in cases of fraud or gross negligence, shall not exceed the base price of the contract for the provision of the service. This provision describes who owns the intellectual property (IP) created from the service. As a general rule, the parties retain any IP they contribute.

For example, the service provider maintains the IP for its process and the customer keeps its IP that is used to complete the service (i.e. the logo of the company used to make T-shirts). In addition, the customer usually obtains an exclusive revocable license for the use/sale of the IP for the duration of the relationship. It`s important to make sure your business doesn`t inadvertently transfer IP to the service provider. Customers should use service contracts when using a service provider to perform paid work in order to define the exact details of the agreement, including remuneration, obligations and confidentiality, if necessary. . . .