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ServiceAgreementTemplate
ThisServiceAgreement(hereinafterreferredtoasthe"Agreement")isenteredintoasof[EffectiveDate](the"EffectiveDate")byandbetween[PartyALegalName],a[jurisdictionofincorporation/formation]entitywithitsprincipalplaceofbusinessat[PartyAAddress](hereinafterreferredtoas"[PartyA]"),and[PartyBLegalName],a[jurisdictionofincorporation/formation]entitywithitsprincipalplaceofbusinessat[PartyBAddress](hereinafterreferredtoas"[PartyB]").[PartyA]and[PartyB]maybeindividuallyreferredtoasa"Party"andcollectivelyasthe"Parties."
1.Definitions
1.1"Agreement"meansthisServiceAgreement,includingallitsExhibits,Annexes,andanyamendmentshereto.
1.2"Services"meansthespecificservicestobeprovidedby[ServiceProvider,i.e.,eitherPartyAorPartyB,asapplicable]to[ServiceRecipient,i.e.,theotherParty]asmoreparticularlydescribedinExhibitAattachedhereto.
1.3"EffectiveDate"hasthemeaningascribedtoitinthepreamble.
1.5"Term"hasthemeaningascribedtoitinSection3.1.
2.ScopeofServices
2.1ServiceProvider'sObligations:SubjecttothetermsandconditionsofthisAgreement,theServiceProvidershallperformtheServicesinaprofessional,timely,andworkmanlikemanner,inaccordancewithindustrystandardsandanyspecificationssetforthinExhibitA.TheServiceProvidershalldevotesuchtime,skill,andresourcesasarereasonablynecessarytofulfillitsobligationshereunder.
2.2ServiceRecipient'sObligations:TheServiceRecipientshallprovidetheServiceProviderwithsuchreasonableaccess,information,andcooperationasmaybenecessaryfortheServiceProvidertoperformtheServices.Thismayinclude,withoutlimitation,[specificexamples,e.g.,"providingrelevantdata,""grantingaccesstopremisesorsystems,""designatingaprimarycontactperson"].
2.3ChangestoServices:AnymaterialchangestothescopeoftheServicesshallrequireawrittenamendmenttothisAgreement,signedbybothParties,whichshallspecifythenatureofthechangeandanycorrespondingadjustmentstoFeesortheTerm.
3.TermandTermination
3.2Renewal:ThisAgreementmayberenewedforsubsequentterms(eacha"RenewalTerm")uponwrittenagreementofbothPartiesatleast[number,e.g.,"thirty(30)"]dayspriortotheexpirationofthethen-currentterm.
3.3TerminationforCause:EitherPartymayterminatethisAgreementwithimmediateeffectbygivingwrittennoticetotheotherPartyif:
3.4EffectofTermination:UponterminationofthisAgreementforanyreason:
b)TheServiceRecipientshallpaytheServiceProviderforallServicesrenderedandexpensesincurreduptothedateoftermination,inaccordancewiththetermsofSection4;
c)Sections5,6,7,and8shallsurvivetermination.
4.FeesandPayment
4.1Fees:InconsiderationfortheServicesperformedbytheServiceProvider,theServiceRecipientshallpaytheServiceProvidertheFeesassetforthinExhibitB.
4.2InvoicingandPayment:TheServiceProvidershallsubmitinvoicestotheServiceRecipient[frequency,e.g.,"monthly"]forServicesrendered.Invoicesshallbedueandpayablewithin[number,e.g.,"thirty(30)"]daysofreceiptbytheServiceRecipient.
5.Confidentiality
5.2Obligations:TheReceivingPartyshall:
b)UsethesamedegreeofcaretoprotectConfidentialInformationasitusestoprotectitsownconfidentialinformationofsimilarnature,butnolessthanreasonablecare;
c)NotdiscloseoruseConfidentialInformationforanypurposeotherthantoperformitsobligationsorexerciseitsrightsunderthisAgreement;
d)LimitaccesstoConfidentialInformationtoitsemployees,agents,orcontractorswhohaveaneedtoknowandwhoareboundbyconfidentialityobligationsnolessrestrictivethanthoseherein.
5.3Exceptions:Theobligationsofconfidentialityshallnotapplytoinformationthat:
b)WasknowntotheReceivingPartypriortodisclosurebytheDisclosingParty;
c)IsindependentlydevelopedbytheReceivingPartywithoutreferencetotheDisclosingParty'sConfidentialInformation;
6.IntellectualProperty
6.2DevelopedIP:Intellectualpropertyrightsinanymaterials,works,orinventionscreated,developed,orfirstreducedtopracticebytheServiceProviderinthecourseofperformingtheServices("DevelopedIP")shall[chooseone:
a)BeownedexclusivelybytheServiceRecipient;OR
b)BeownedexclusivelybytheServiceProvider,andtheServiceProvidergrantstotheServiceRecipientaperpetual,non-exclusive,royalty-freelicensetousesuchDevelopedIPfor[purpose].]
8.GeneralProvisions
8.1IndependentContractor:TherelationshipbetweenthePartiesisthatofindependentcontractors.NothinginthisAgreementshallbeconstruedtocreateapartnership,jointventure,agency,oremployer-employeerelationship.
8.3Assignment:ThisAgreementshallnotbeassignablebyeitherPartywithoutthepriorwrittenconsentoftheotherParty.
8.4GoverningLaw:ThisAgreementshallbegovernedbyandconstruedinaccordancewiththelawsoftheStateof[State/Country],withoutregardtoitsconflictoflawsprinciples.
8.5DisputeResolution:AnydisputearisingoutoforinconnectionwiththisAgreementshallberesolvedthroughamicablenegotiationsbetweentheParties.Ifthedisputecannotberesolvedwithin[number,e.g.,"thirty(30)"]days,itshallbesubmittedto[chooseone:
a)Mediationin[city,state]beforeresortingtolitigation;OR
b)Bindingarbitrationin[city,state]inaccordancewiththerulesof[arbitrationbody,e.g.,"theAmericanArbitrationAssociation"].Thedecisionofthearbitrator(s)shallbefinalandbindingonbothParties.OR
c)TheexclusivejurisdictionofthecourtsoftheStateof[State/Country].]
8.9Amendment:ThisAgreementmayonlybeamendedbyawrittendocumentsignedbydulyauthorizedrepresentativesofbothParties.
INWITNESSWHEREOF,thePartieshaveexecutedthisAgreementasoftheEffectiveDate.
[PartyALegalName]
By:_____________
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