Standard service agreement, as how LawDepot would define it, is a written legal document that describes the terms and limitations of a service given and provided by one entity to another for compensation and benefits.
If you are, by any chance, a service provider or an independent contractor who wishes to ensure that you are being compensated by your employer, or if you are hiring or a service provider or an independent contractor and you want to make that the services that will be provided to you will meet your standards, you can definitely make use of the standard service contract. You can also check out this page’s Sample Contracts that you might find useful.
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There is no question that there is definitely a mutual trust and valued respect between the employee and the employer when it comes to having to deal with each other, especially when making deals and transactions.
Having a standard service agreement simply means that both parties, the employee and the independent contractor or freelancer alike, would just want to make sure that they have an standardized service agreement that is written and bounded by law to ensure both of their needs and rights. You can consider checking out this page’s Sample Employment Contracts for free.
Other than that, if you want to make your own standard service agreement, here are some tips and steps that can help you do so.
Creating a Service Agreement
- Exactly specifying the parties involved – this is where you indicate the details of the employee or the client and the independent contractor or the service provider or anyone who is involved in the subject matter. You can also specify their key roles, full names, address, and contact information for a more useful and detailed agreement.
- Detailing the services being provided – this part of the agreement is where you get to write into detail or describe the services that are being provided and also the services that are being requested or expected by the client. This would also contain how long is the duration of the transaction and the expectations of both parties from each other.
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- Structuring a payment schedule – this is where the details of the payment, details of the transaction arrangement, schedule of the payment, the taxes that are involved, the provision of the resources, penalties for late payments, and the like are.
- Of confidentiality terms, non-competition, and non-solicitation – in this part of the service agreement, the confidentiality terms are being addressed in details. Although it is optional, most often than not, most of the clients would opt to have include non-competition, non-solicitation, and confidentiality terms and conditions to the service agreement.
- The ownership of materials – this type of service agreement entails the materials and the equipment that are being provided or even, in some cases, given. It also details the ownership rights of the materials that are produced during the relationship, according to LawDepot. Ownership rights can either be retained or granted and allowed by the independent contractor to the client.
For your convenience and comfort, you can also check out this page’s Sample Business Contracts that may be useful and helpful toward your career-related journey and business growth.
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