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This prompt is designed for legal professionals who need to draft a service agreement contract. Users should consider the parties involved, the scope of services, the term of agreement, payment terms, and any special conditions.
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Over 1 month ago
Prompt Details
Model
Chat - GPT-4 (gpt-4)
Token size
91 ($0.00270 / call)
Example input
Parties Involved: "ABC Corporation" and "XYZ LLC"
Scope of Services: IT support and maintenance services
Term of Agreement: One year, with automatic renewal
Payment Terms: Monthly, payable within 30 days of invoice date
Special Conditions: "XYZ LLC" must maintain a certain level of insurance
Example output
**SERVICE AGREEMENT CONTRACT**
THIS SERVICE AGREEMENT (the “Agreement”) is entered into this ___ day of _______, 2023 (the “Effective Date”), by and between ABC Corporation, a [insert state] corporation, with its principal place of business at [insert address] (hereinafter referred to as the "Client"), and XYZ LLC, a [insert state] limited liability company, with its principal place of business at [insert address] (hereinafter referred to as the "Service Provider").
**SECTION 1 – SCOPE OF SERVICES**
1.1 Services: The Service Provider shall provide IT support and maintenance services to the Client as outlined in the Statement of Work (Exhibit A), attached hereto and made part of this Agreement by reference.
1.2 Standard of Care: The Service Provider shall perform the Services with professional diligence and skill consistent with the industry standards.
**SECTION 2 – TERM AND TERMINATION**
2.1 Term: This Agreement shall commence on the Effective Date and continue for a period of one year, unless earlier terminated as provided herein.
2.2 Renewal: This Agreement shall automatically renew for successive one-year terms, unless either party provides written notice of non-renewal at least thirty (30) days prior to the end of the then-current term.
**SECTION 3 – COMPENSATION**
3.1 Payment Terms: The Client agrees to pay the Service Provider the fees as set forth in the Statement of Work on a monthly basis. Invoices will be payable within 30 days of the invoice date.
**SECTION 4 – INSURANCE**
4.1 Insurance Requirement: The Service Provider shall at all times maintain an appropriate level of insurance as specified in Exhibit B, attached hereto and incorporated herein by reference.
**SECTION 5 – CONFIDENTIALITY, INDEMNIFICATION, LIMITATION OF LIABILITY**
(This section can be elaborated based on the specific legal requirements of the parties involved and could include clauses like Data Protection and Security, Dispute Resolution, Force Majeure, and others.)
**SECTION 6 – MISCELLANEOUS**
(Here can be general contract terms including Entire Agreement, Assignment, Amendments, Governing Law, etc.)
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
ABC Corporation:
___________________________
Name:
Title:
XYZ LLC:
___________________________
Name:
Title:
**Exhibit A - Statement of Work**
[Detailing the services to be provided]
**Exhibit B - Insurance Requirements**
[Detailing the specific insurance requirements]
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This proposed contract is structured to fit the brief by setting out the parties involved, the scope of services to be provided by XYZ LLC to ABC Corporation, the term of the agreement and how it renews, the payment terms, and the special requirement that XYZ LLC maintains a certain level of insurance. It's structured in such a way that additional clauses can be inserted based on further specifications or needs, and it provides a clear legal framework for the working relationship between the two companies.