Document background
The Flat Fee Agreement is designed for use in Hong Kong when parties wish to establish a clear, fixed-price arrangement for professional services rather than using hourly or variable pricing models. This document is particularly valuable for projects with well-defined scope and deliverables, providing certainty in costs for clients while allowing service providers to establish clear boundaries for their services. The agreement complies with Hong Kong contract law requirements and common law principles, incorporating necessary protections for both parties. It is commonly used for consulting projects, technical services, creative work, and other professional services where the scope can be clearly defined upfront. The document includes essential elements such as scope definition, payment terms, delivery timelines, and appropriate risk allocation between parties.
