Service Agreements: Key Clauses and Key Items for Business Arrangements

Description

This Skill Bit talks about service agreements, which include a scope of work, payment terms, confidentiality, intellectual property rights, term and termination, liability, governing law, insurance, amendments, and termination consequences. They protect both parties’ interests and ensure clear service expectations. Service agreements should have clear scope, payment terms, performance metrics, intellectual property protection, liability/indemnification provisions, termination/dispute resolution mechanisms, confidentiality/data protection, and amendment procedures. Legal counsel is recommended.

Duration approx. 8 Min.

Tier: basics