Service Agreement
A service agreement is a contract between a professional practice (the “Principal”) (which may take the form of a sole practitioner, a trust, a partnership, or a company) and a service provider (the “service entity”, which is often a “service trust”) which provides services to the Principal.
The service agreement contains the agreed terms by which the service entity will provide the services to the Principal and may cover a range of matters including; the type of services provided, the fees for services, and the rights and obligations of the parties. It is important for tax and asset protection reasons, that the service arrangement between the service entity and the Principal is properly documented and that the terms and conditions for providing the services are set out in detail.
We offer this service using our standard PDF forms. Please complete, scan and email back to our office.
In PantherCorp’s Service Agreement, we will take your instructions as to what it will cover. Generally, a service agreement should cover the following matters:
- The services that may be provided by the service entity as required
- The commencement date and termination period
- Any special conditions (if applicable)
- Employment of staff to carry out the services
- Provision of business premises to the practice
- Fees and payment methods
- Warranties
- Intellectual property rights
- Limitation of liability provisions
- Dispute resolution mechanism; and
- Miscellaneous provisions
Once the order is received we will prepare the agreement based on your instructions and send the completed documents to be signed by the relevant parties.
- Service Agreement
- Guide to a Service Agreement
- Explanatory letter
- Resolution of Service Trust
- Resolution of Principal Entity (only where the principal is a company or trust)
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