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Flat Fee Agreement
"I need a Flat Fee Agreement for IT development services between our Swiss AG and a UK-based software development company, with monthly milestone payments and strict data protection requirements for handling customer data."
1. Parties: Identification and details of the service provider and client
2. Background: Context of the agreement and brief description of the parties' intent
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of the services to be provided under the flat fee arrangement
5. Fee and Payment Terms: Fixed fee amount, payment schedule, and payment methods
6. Timeline and Deliverables: Specific milestones, delivery dates, and completion criteria
7. Acceptance Criteria: Standards and procedures for accepting deliverables
8. Obligations of the Client: Client's responsibilities and required cooperation
9. Obligations of the Service Provider: Service provider's commitments and professional standards
10. Intellectual Property Rights: Ownership and rights to work products
11. Confidentiality: Protection of confidential information
12. Liability and Limitation: Extent and limitations of liability under Swiss law
13. Term and Termination: Duration of agreement and termination provisions
14. General Provisions: Standard legal provisions including governing law, jurisdiction, and notices
1. Change Management: Procedures for handling changes to scope or requirements - include when the project is complex or likely to evolve
2. Force Majeure: Provisions for unforeseeable circumstances - include for longer-term or high-risk projects
3. Non-Solicitation: Restrictions on hiring each other's personnel - include when sensitive intellectual property or key personnel are involved
4. Insurance: Insurance requirements - include for high-value or high-risk services
5. Data Protection: GDPR and Swiss data protection compliance - include when personal data processing is involved
6. Warranty: Specific warranties for the services - include for technical or specialized services
7. Third-Party Rights: Rights of third parties in relation to the services - include when third-party materials or services are involved
1. Schedule A - Detailed Scope of Services: Comprehensive technical specifications and detailed description of services
2. Schedule B - Payment Schedule: Breakdown of the flat fee into installments if applicable
3. Schedule C - Project Timeline: Detailed project timeline with specific milestones and deadlines
4. Schedule D - Acceptance Testing Procedures: Detailed procedures for testing and accepting deliverables
5. Appendix 1 - Key Personnel: List of key personnel assigned to the project from both parties
6. Appendix 2 - Technical Requirements: Specific technical requirements or standards that must be met
Authors
Professional Services
Information Technology
Consulting
Legal Services
Creative Industries
Software Development
Engineering
Architecture
Management Consulting
Digital Services
Construction
Business Advisory
Financial Services
Legal
Finance
Procurement
Operations
Commercial
Business Development
Project Management
Contracts Administration
Risk Management
Professional Services
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Procurement Manager
Project Manager
Contract Manager
Business Development Manager
Operations Director
Finance Director
Managing Partner
Commercial Director
Consultant
Department Head
Senior Manager
Practice Lead
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