The Master Fee Agreement serves as the primary contractual document governing fee arrangements between service providers and their clients under Danish law. It is typically used when parties need a structured framework for ongoing fee arrangements, particularly in professional services, financial services, or technology sectors. The agreement establishes comprehensive terms for fee calculation, invoicing procedures, payment terms, and related operational matters while ensuring compliance with Danish commercial law and relevant EU regulations. It is designed to provide clarity and certainty regarding financial obligations while maintaining flexibility through detailed schedules that can be updated as needed. The document is particularly useful for long-term business relationships where services and associated fees may evolve over time, requiring a robust yet adaptable framework.
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Key Requirements PROMPT example:
Master Fee Agreement
I need a Master Fee Agreement for a Danish technology consulting firm providing IT services to financial institutions, with quarterly billing cycles and volume-based discounts, to be effective from March 1, 2025.
1. Parties: Identification and details of the contracting parties
2. Background: Context of the agreement and business relationship
3. Definitions: Definitions of key terms used throughout the agreement
4. Scope of Services: Overview of services covered by the fee arrangement
5. Fee Structure: Basic principles of fee calculation and types of fees
6. Payment Terms: Payment deadlines, methods, and currencies
7. Invoicing: Invoicing frequency, requirements, and procedures
8. Term and Termination: Duration of agreement and termination provisions
9. Confidentiality: Protection of confidential information
10. Liability and Indemnification: Allocation of risks and liability limitations
11. Force Majeure: Provisions for extraordinary circumstances
12. Governing Law and Jurisdiction: Specification of Danish law and jurisdiction
13. General Provisions: Miscellaneous legal provisions including assignment, amendments, and severability
1. Service Levels: Include when specific performance standards are required for service delivery
2. Volume Commitments: Include when minimum volume requirements or volume-based discounts apply
3. Regulatory Compliance: Include when services are subject to specific regulatory requirements
4. Data Protection: Include when personal data processing is involved (GDPR compliance)
5. Audit Rights: Include when regular auditing of fees or services is required
6. Insurance: Include when specific insurance coverage requirements exist
7. Intellectual Property: Include when IP rights are relevant to the services
8. Business Continuity: Include for critical services requiring continuity planning
1. Schedule 1 - Fee Schedule: Detailed breakdown of all fees, rates, and charges
2. Schedule 2 - Service Description: Detailed description of services covered by the agreement
3. Schedule 3 - Calculation Methodology: Detailed explanation of how fees are calculated
4. Schedule 4 - Contact Details: Key contacts and escalation procedures
5. Schedule 5 - Reporting Requirements: Format and frequency of fee-related reporting
6. Appendix A - Fee Adjustment Mechanism: Procedures for periodic fee reviews and adjustments
7. Appendix B - Service Level Metrics: Detailed performance metrics if applicable
8. Appendix C - Forms and Templates: Standard forms for invoicing, reporting, and other procedures
Authors
Relevant legal definitions
Clauses
Relevant Industries
Financial Services
Professional Services
Technology
Banking
Investment Management
Fund Administration
Legal Services
Consulting
Software and IT Services
Business Process Outsourcing
Asset Management
Corporate Services
Relevant Teams
Legal
Finance
Compliance
Commercial
Operations
Business Development
Account Management
Treasury
Procurement
Risk Management
Service Delivery
Client Relations
Vendor Management
Relevant Roles
Chief Financial Officer
Finance Director
Legal Counsel
Compliance Officer
Commercial Director
Operations Manager
Contract Manager
Business Development Manager
Account Manager
Financial Controller
Treasury Manager
Procurement Manager
Risk Manager
Partnership Director
Service Delivery Manager
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