What is a Service Contract?
Service Contracts are defined agreements between a customer and a service provider. Contracts are used to ensure that both parties understand the terms of the agreement. Most contracts cover topics such as the work and payment terms.
When it comes to service contracts, it is CRUCIAL that they are in writing. Creating a written contract gives both parties the opportunity to outline expectations on both sides as well as the pricing of the service, when payments need to be made and how disputes are to be handled. With verbal aggreements it is very easy fopr disagreements and mis-understandings to arise.
Below is a list of what can be included in a service contract;
- Contact Information
- Description of Service and work
- Compliance and Insurance Requirments
- Payment Terms
- Default Terms
- Remedies and Dispute Resolution