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Flat Fee Agreement
"I need a Flat Fee Agreement for IT consulting services to be provided to an Austrian software company, with monthly milestone payments spread across Q1 2025, including specific provisions for source code ownership and confidentiality of client's proprietary software."
1. Parties: Identification and details of the service provider and client, including registration numbers and addresses
2. Background: Context of the agreement and brief description of why the parties are entering into this arrangement
3. Definitions: Key terms used throughout the agreement, ensuring clear interpretation
4. Scope of Services: Detailed description of services to be provided under the flat fee arrangement
5. Fee and Payment Terms: Specification of the flat fee amount, payment schedule, and payment methods
6. Term and Termination: Duration of the agreement and conditions for termination
7. Service Provider's Obligations: Detailed responsibilities and commitments of the service provider
8. Client's Obligations: Responsibilities and commitments of the client, including provision of necessary information
9. Deliverables: Specific outputs or results to be provided under the agreement
10. Acceptance Criteria: Standards and processes for accepting deliverables
11. Governing Law: Specification of Austrian law as governing law and jurisdiction
12. Entire Agreement: Standard clause confirming this document represents the complete agreement between parties
1. Intellectual Property Rights: Include when services involve creation of intellectual property or use of existing IP
2. Confidentiality: Add when sensitive information will be exchanged during service provision
3. Force Majeure: Include for longer-term agreements or when service delivery depends on external factors
4. Insurance: Add when services involve significant risks or regulatory requirements
5. Data Protection: Include when personal data will be processed as part of the services
6. Warranty: Add when specific guarantees about service quality or outcomes are provided
7. Change Control: Include for complex services where scope adjustments might be needed despite flat fee
8. Dispute Resolution: Add when parties prefer specific dispute resolution procedures beyond court litigation
1. Schedule A - Detailed Service Description: Comprehensive breakdown of services covered by the flat fee
2. Schedule B - Deliverables Specification: Detailed technical or functional specifications of deliverables
3. Schedule C - Payment Schedule: Breakdown of payment milestones if fee is paid in installments
4. Schedule D - Service Levels: Performance metrics and standards for service delivery
5. Appendix 1 - Contact Details: Key contacts and escalation procedures for both parties
6. Appendix 2 - Required Documentation: List of documents or information required from client
Authors
Professional Services
Information Technology
Consulting
Legal Services
Accounting
Creative Industries
Marketing and Advertising
Engineering
Architecture
Business Advisory
Project Management
Software Development
Digital Services
Management Consulting
Legal
Finance
Procurement
Operations
Sales
Business Development
Compliance
Risk Management
Commercial
Contract Administration
Project Management Office
Executive Leadership
Legal Counsel
Contract Manager
Business Development Manager
Project Manager
Operations Director
Chief Financial Officer
Procurement Manager
Sales Director
Account Manager
Compliance Officer
Risk Manager
Commercial Director
Managing Director
Chief Executive Officer
Business Manager
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