The Project Agreement Between Company And Client is a fundamental legal instrument used in Pakistan to formalize project-based business relationships. This document is essential when a company undertakes to deliver specific project outcomes for a client, whether in construction, IT, consulting, or other sectors. It is particularly relevant in the Pakistani business context, where it must comply with both local commercial laws and Islamic law principles. The agreement typically covers comprehensive project details including scope, timeline, payment terms, deliverables, and risk allocation, while incorporating necessary provisions for regulatory compliance and dispute resolution under Pakistani jurisdiction. It serves as the primary reference document throughout the project lifecycle, protecting both parties' interests while providing clear guidelines for project execution and management.
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1. Parties: Identification and details of the contracting parties, including registration numbers and addresses
2. Background: Context of the agreement and brief description of the project and parties' intentions
3. Definitions and Interpretation: Detailed definitions of terms used throughout the agreement and rules of interpretation
4. Scope of Project: Detailed description of the project scope, deliverables, and objectives
5. Term and Timeline: Duration of the agreement and key project milestones
6. Company's Obligations: Detailed responsibilities and commitments of the company executing the project
7. Client's Obligations: Detailed responsibilities and commitments of the client
8. Project Management: Project governance structure, reporting requirements, and management procedures
9. Payment Terms: Pricing, payment schedule, invoicing procedures, and payment conditions
10. Intellectual Property Rights: Ownership and usage rights of project-related intellectual property
11. Confidentiality: Protection and handling of confidential information
12. Warranties and Representations: Guarantees and assertions made by both parties
13. Liability and Indemnification: Allocation of risks and responsibilities for damages
14. Force Majeure: Provisions for handling unforeseen circumstances and events beyond parties' control
15. Termination: Conditions and procedures for agreement termination
16. Dispute Resolution: Procedures for resolving disputes, including arbitration provisions
17. Governing Law: Specification of Pakistani law as governing law and jurisdiction
18. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. Change Management: Procedures for handling project changes - include if project scope is likely to evolve
2. Quality Assurance: Quality standards and testing procedures - important for technical or manufacturing projects
3. Security Requirements: Information and physical security requirements - essential for IT or sensitive projects
4. Environmental Compliance: Environmental obligations and standards - necessary for projects with environmental impact
5. Insurance: Insurance requirements and coverage - important for high-risk projects
6. Performance Guarantees: Specific performance guarantees and bonds - relevant for large-scale projects
7. Subcontracting: Terms for engaging and managing subcontractors - include if subcontracting is anticipated
8. Local Content Requirements: Local content and employment obligations - relevant for government or regulated projects
1. Schedule 1 - Project Scope and Specifications: Detailed technical specifications and scope of work
2. Schedule 2 - Project Timeline: Detailed project schedule, milestones, and deadlines
3. Schedule 3 - Pricing and Payment Schedule: Detailed breakdown of costs, payment milestones, and payment terms
4. Schedule 4 - Key Personnel: List of key team members and their roles from both parties
5. Schedule 5 - Service Levels and KPIs: Performance metrics and service level requirements
6. Schedule 6 - Technical Requirements: Detailed technical requirements and standards
7. Schedule 7 - Required Permits and Approvals: List of necessary regulatory permits and approvals
8. Appendix A - Forms and Templates: Standard forms for project management, reporting, and changes
9. Appendix B - Health and Safety Requirements: Safety standards and procedures applicable to the project
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