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Service Fee Agreement
"I need a Service Fee Agreement for an IT consulting firm providing cybersecurity services to a Nigerian bank, including data protection clauses and compliance with Central Bank of Nigeria regulations, with services commencing January 1, 2025."
1. Parties: Identifies and defines the service provider and service recipient with their full legal names, registration details, and addresses
2. Background: Contextualizes the agreement and outlines the parties' intentions and basis for entering into the service arrangement
3. Definitions: Defines key terms used throughout the agreement to ensure clarity and prevent misinterpretation
4. Scope of Services: Detailed description of the services to be provided, including specific deliverables and performance standards
5. Fee Structure and Payment Terms: Specifies the fees, payment schedule, invoicing process, and any applicable taxes or deductions
6. Duration and Termination: Specifies the term of the agreement and conditions for termination by either party
7. Obligations of the Service Provider: Details the responsibilities, warranties, and commitments of the service provider
8. Obligations of the Client: Outlines the client's responsibilities, including provision of necessary information and access
9. Confidentiality: Provisions protecting confidential information exchanged during the service relationship
10. Dispute Resolution: Procedures for handling disputes, including jurisdiction and applicable law
11. Governing Law: Explicitly states that Nigerian law governs the agreement
12. Boilerplate Provisions: Standard contractual provisions including force majeure, entire agreement, and severability
1. Intellectual Property Rights: Required when services involve creation or use of intellectual property
2. Data Protection: Necessary when personal data processing is involved in service delivery
3. Non-Competition: Include when restricting the service provider from competing activities
4. Service Level Agreement (SLA): Required for technical or ongoing services with specific performance metrics
5. Insurance Requirements: Include when specific insurance coverage is required for service delivery
6. Change Control Procedure: Necessary for long-term services where scope changes are likely
7. Staff and Subcontracting: Include when service provider may need to use subcontractors or assign specific staff
8. Compliance with Laws: Detailed section needed when services are in regulated industries
1. Schedule 1 - Detailed Service Specifications: Technical details of services, methodologies, and delivery requirements
2. Schedule 2 - Fee Schedule: Detailed breakdown of fees, rates, and payment milestones
3. Schedule 3 - Service Levels and KPIs: Specific performance metrics and measurement criteria
4. Schedule 4 - Contact Details and Representatives: Key personnel and communication protocols
5. Schedule 5 - Required Reports and Documentation: Templates and specifications for required service reports
6. Appendix A - Form of Invoice: Standard invoice format including required information
7. Appendix B - Change Request Form: Template for requesting and documenting service changes
Authors
Professional Services
Information Technology
Consulting
Financial Services
Oil and Gas
Manufacturing
Healthcare
Education
Telecommunications
Construction
Real Estate
Agriculture
Mining
Retail
Logistics
Energy
Legal
Finance
Procurement
Operations
Commercial
Compliance
Risk Management
Business Development
Contract Administration
Account Management
Legal Counsel
Contract Manager
Commercial Director
Chief Financial Officer
Operations Manager
Procurement Manager
Project Manager
Business Development Manager
Finance Director
Compliance Officer
Risk Manager
Managing Director
CEO
Service Delivery Manager
Account Manager
General Counsel
Company Secretary
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