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Examples of Professional Services:
This agreement can be used for:
- Accounting
- Auditing
- Marketing Analysis
- Statistics
- Engineering
- Consulting
- Legal
- Technical Support
- Administration
What to Include
Most agreements will contain the following clauses:
Services
The contract will describe the services the independent contractor will carry out for their client, including expected deliverables, any deadlines, and what services are excluded.
Compensation
The contract will relay the service provider’s pay rate. It should also state whether the service provider will be paid when services are complete, after invoicing, or on a recurring basis.
Important Dates
The contract should include the agreement’s term, including when the services will begin and terminate. Some agreements have a fixed termination date, while others end once the job is done.
Confidentiality
Companies hiring outside contractors will need to protect their proprietary business information; a confidentiality clause provides this protection.
Retainer
Many client-provider relationships benefit from a retainer fee that the provider charges for their ongoing services. If both parties agree to a retainer, the agreement should state the amount and whether it is refundable.
Sample
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PROFESSIONAL SERVICE CONTRACT
1. THE PARTIES. This Service Contract (the “Agreement”) made on [MM/DD/YYYY] (the “Effective Date”) is by and between [SERVICE PROVIDER NAME], with a mailing address of [SERVICE PROVIDER ADDRESS] (the “Service Provider”), and [CLIENT NAMES], with a mailing address of [CLIENT ADDRESS] (the “Client”).
2. TERM. The term of this Agreement shall commence on [MM/DD/YYYY] and terminate on the date of [MM/DD/YYYY].
3. SERVICES. The Service Provider agrees to provide the following: [DESCRIBE SERVICES TO BE PERFORMED]. Hereinafter known as the “Services.”
4. PAYMENT. The Client agrees to pay the Service Provider: (check one)
☐ – [AMOUNT] / Hour
☐ – $[AMOUNT] (lump sum) for the Services
☐ – Other. [OTHER]
5. PAYMENT. The Client shall pay the Service Provider $[AMOUNT] per [PAYMENT BASIS (E.G., HOUR)] for the Services. Payment shall be made by [PAYMENT METHOD] every [PAYMENT FREQUENCY].
6. INDEPENDENT CONTRACTOR STATUS. The Service Provider, under the code of the Internal Revenue Service (IRS), is an independent contractor and neither the Service Provider or their employees or contract personnel are, or shall be deemed, the Client’s employees.
7. ADDITIONAL TERMS AND CONDITIONS. [ADD ADDITIONAL INSTRUCTIONS, TERMS, CONDITIONS].
IN WITNESS WHEREOF, the Parties hereto agree to the above terms and have caused this Agreement to be executed in their names.
Client Signature: _________________________ Date: [DATE]
Printed Name: [CLIENT NAME]
Service Provider Signature: _________________________ Date: [DATE]
Printed Name: [SERVICE PROVIDER NAME]