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Business Terms
Service Agreement
Definition
A contract defining the terms under which services will be provided.
Overview
Service agreements formalize the business relationship, covering scope, pricing, terms, and legal protections. They're essential for professional services.
Example
A consulting service agreement covers: services provided, fees, payment terms, confidentiality, and termination.
Best Practices
Use for all client engagements. Customize for each relationship as needed.
Common Mistakes to Avoid
No written agreement
Missing key terms
Not updating for changes
Frequently Asked Questions
What should a service agreement include?
Services, pricing, payment terms, timeline, confidentiality, liability limits, and termination.