Key Issues in Service Contracts for Startup Businesses
If your company is providing professional services as opposed to selling a product, you may find that you need a good Agreement for Professional Services, writes for AllBusiness. This type of agreement lays out the terms and conditions under which a business provides certain services, such as accounting, engineering, consulting, software development, and property inspections.
The article discusses the key points to keep in mind when drafting or negotiating an Agreement for Professional Services.
Those points include services to be rendered, nonsolicitation of employees, fees, reimbursable costs, liability limitations, late charges, period for bringing claims, time to perform services, suspension of services, and force majeure.
