The Master Fee Agreement serves as the primary contractual framework for establishing and managing ongoing fee-based service relationships under Maltese law. This document is typically used when parties anticipate a long-term service relationship requiring a structured approach to fees, services, and operational requirements. The Master Fee Agreement sets out the overarching terms while allowing for specific services and fees to be detailed in schedules that can be updated over time. It incorporates necessary provisions to comply with Maltese commercial law, EU regulations, and industry-specific requirements, making it particularly suitable for businesses operating in or through Malta's growing service sector. The agreement is designed to provide clarity on payment obligations, service standards, and mutual responsibilities while maintaining flexibility for evolving business needs.
Master Fee Agreement for Malta
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Key Requirements PROMPT example:
Master Fee Agreement
"I need a Master Fee Agreement under Maltese law for my IT consulting company to provide software development services to various clients, with standard hourly rates and monthly invoicing, planned to commence from March 2025."
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1. Parties: Identification and details of the contracting parties
2. Background: Context of the agreement and relationship between the parties
3. Definitions and Interpretation: Definitions of key terms and interpretation rules
4. Scope of Agreement: Framework terms governing the overall relationship and service provision
5. Fee Structure: General principles for fee calculation and application
6. Payment Terms: Payment timing, methods, currency, and late payment consequences
7. Invoicing: Invoicing procedures, requirements, and timing
8. Service Standards: Quality standards and service level requirements
9. Term and Termination: Duration of agreement and termination provisions
10. Confidentiality: Protection of confidential information
11. Data Protection: GDPR compliance and data handling requirements
12. Intellectual Property: IP rights and protection
13. Liability and Indemnification: Limitation of liability and indemnification provisions
14. Force Majeure: Handling of events beyond parties' control
15. Notices: Communication procedures and contact details
16. Governing Law and Jurisdiction: Maltese law application and dispute resolution
17. General Provisions: Standard boilerplate clauses including assignment, amendment, etc.
1. Regulatory Compliance: Include when services are subject to specific regulatory requirements (e.g., financial services, healthcare)
2. Anti-Money Laundering: Required for financial services or high-value transactions
3. Service Level Agreement: Include when specific performance metrics need to be maintained
4. Insurance: Include when specific insurance coverage is required
5. Audit Rights: Include when regular auditing of fees or services is necessary
6. Business Continuity: Include for critical services requiring disaster recovery planning
7. Sub-contractors: Include when service provider may use sub-contractors
8. Non-Competition: Include when protecting against competitive activities is necessary
9. Marketing and Publicity: Include when addressing public announcements or references is needed
1. Schedule 1 - Fee Schedule: Detailed breakdown of fees, rates, and pricing structure
2. Schedule 2 - Services Description: Detailed description of services covered by the agreement
3. Schedule 3 - Service Levels: Specific service level requirements and metrics
4. Schedule 4 - Key Personnel: List of key personnel responsible for service delivery
5. Schedule 5 - Approved Sub-contractors: List of pre-approved sub-contractors if applicable
6. Schedule 6 - Technical Requirements: Technical specifications and requirements
7. Schedule 7 - Compliance Requirements: Specific regulatory or compliance requirements
8. Appendix A - Contact Details: Contact information for key personnel and notices
9. Appendix B - Report Templates: Standard templates for required reports and documentation
Authors
Relevant legal definitions
Clauses
Relevant Industries
Financial Services
Professional Services
Information Technology
Consulting
Legal Services
Healthcare
Real Estate
Gaming and Entertainment
Maritime Services
Educational Services
Telecommunications
Business Process Outsourcing
Relevant Teams
Legal
Finance
Procurement
Commercial
Operations
Compliance
Business Development
Account Management
Service Delivery
Treasury
Risk Management
Contract Administration
Relevant Roles
Chief Financial Officer
Legal Counsel
Commercial Director
Procurement Manager
Contract Manager
Finance Director
Operations Director
Compliance Officer
Business Development Manager
Account Manager
Service Delivery Manager
Treasury Manager
Risk Manager
Financial Controller
General Counsel
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