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Exclusive Service Agreement
"Need an Exclusive Service Agreement for our IT consulting firm to provide custom software development services exclusively to a US-based client in India, with service commencement from January 2025 and strict IP protection clauses."
1. Parties: Identification and details of the service provider and recipient, including registered addresses and company registration numbers
2. Background: Context of the agreement, relationship between parties, and purpose of entering into an exclusive arrangement
3. Definitions: Detailed definitions of key terms used throughout the agreement, including 'Services', 'Territory', 'Exclusivity Period'
4. Scope of Services: Detailed description of services to be provided, including specific inclusions and exclusions
5. Exclusivity Provisions: Terms of exclusive arrangement, territorial scope, and duration of exclusivity
6. Term and Renewal: Duration of the agreement, conditions for renewal, and notice periods
7. Payment Terms: Fees, payment schedule, invoicing process, and late payment consequences
8. Service Provider Obligations: Detailed responsibilities, performance standards, and compliance requirements
9. Client Obligations: Client's responsibilities, including providing necessary information and access
10. Intellectual Property Rights: Ownership and usage rights of pre-existing and created IP during service provision
11. Confidentiality: Protection of confidential information, duration of obligations, and permitted disclosures
12. Representations and Warranties: Standard and specific warranties from both parties
13. Indemnification: Mutual indemnification obligations and process
14. Limitation of Liability: Caps on liability and excluded losses
15. Termination: Termination rights, process, and consequences
16. Post-Termination Obligations: Continuing obligations and transition responsibilities
17. Governing Law and Jurisdiction: Choice of Indian law and jurisdiction details
18. General Provisions: Standard boilerplate clauses including force majeure, notices, and entire agreement
1. Non-Compete: Additional restrictions on competitive activities, used when service provider has access to sensitive business information
2. Data Protection: Specific provisions for handling personal data, required when services involve data processing
3. Insurance: Insurance requirements and minimum coverage, important for high-risk services
4. Service Levels: Detailed performance metrics and consequences of breach, used for measurable services
5. Change Control: Process for making changes to services or agreement terms, useful for long-term or complex services
6. Force Majeure: Detailed provisions for handling specific events beyond parties' control, important in certain industries or regions
7. Audit Rights: Client's right to audit service provider's performance and records, important for regulated industries
8. Business Continuity: Requirements for disaster recovery and business continuity, crucial for essential services
1. Schedule 1 - Service Specifications: Detailed technical specifications of services, methodologies, and deliverables
2. Schedule 2 - Fee Schedule: Detailed breakdown of fees, rates, and payment terms
3. Schedule 3 - Service Levels: Performance metrics, measurement methods, and related penalties/rewards
4. Schedule 4 - Key Personnel: List of key team members and their roles/responsibilities
5. Schedule 5 - Approved Subcontractors: List of pre-approved subcontractors if any
6. Schedule 6 - Technical Requirements: Specific technical standards, systems, or platforms to be used
7. Schedule 7 - Compliance Requirements: Industry-specific compliance requirements and standards
8. Appendix A - Contact Details: Key contact persons and escalation matrix for both parties
Authors
Information Technology
Professional Services
Management Consulting
Healthcare Services
Engineering Services
Telecommunications
Manufacturing
Logistics and Supply Chain
Research and Development
Educational Services
Facilities Management
Marketing and Advertising
Legal
Operations
Commercial
Business Development
Procurement
Finance
Compliance
Risk Management
Service Delivery
Account Management
Legal Counsel
Contract Manager
Business Development Manager
Operations Director
Procurement Manager
Commercial Director
Chief Operating Officer
Service Delivery Manager
Account Manager
Compliance Officer
Risk Manager
Chief Financial Officer
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