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Flat Fee Agreement Template for India

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Key Requirements PROMPT example:

Flat Fee Agreement

"I need a Flat Fee Agreement for web development services to be provided by my company to a retail client, with a fixed fee of INR 500,000 payable in three installments, project completion by March 2025, and including source code transfer provisions."

Document background
The Flat Fee Agreement is designed for use in the Indian business environment where parties wish to establish a clear, fixed-price arrangement for professional services. This document is particularly suitable when the scope of work can be clearly defined and both parties prefer certainty in pricing rather than time-based billing. The agreement complies with Indian contract law and includes provisions for GST and other regulatory requirements specific to India. It's commonly used for professional services, consulting projects, development work, or any situation where services can be delivered for a predetermined fee. The document includes comprehensive terms covering service delivery, payment milestones, acceptance criteria, and dispute resolution mechanisms, while addressing specific Indian legal and regulatory requirements.
Suggested Sections

1. Parties: Identification and details of the service provider and client

2. Background: Context of the agreement and brief description of the parties' intentions

3. Definitions: Key terms used throughout the agreement

4. Scope of Services: Detailed description of services to be provided under the flat fee arrangement

5. Fees and Payment Terms: Fixed fee amount, payment schedule, and payment methods

6. Service Provider's Obligations: Key responsibilities and commitments of the service provider

7. Client's Obligations: Key responsibilities and commitments of the client

8. Term and Timeline: Duration of the agreement and key milestone dates

9. Acceptance Criteria: Standards for accepting deliverables and handling revisions

10. Warranties: Guarantees provided by both parties regarding their capacity and service quality

11. Limitation of Liability: Caps on liability and excluded damages

12. Termination: Conditions and process for ending the agreement

13. Force Majeure: Provisions for unforeseen circumstances preventing performance

14. Governing Law and Jurisdiction: Applicable law and courts having jurisdiction

15. Notices: Process and addresses for formal communications between parties

Optional Sections

1. Intellectual Property Rights: Used when services involve creation or use of intellectual property

2. Confidentiality: Used when sensitive information will be shared between parties

3. Non-Solicitation: Used to prevent hiring of each other's employees

4. Data Protection: Used when personal data processing is involved

5. Insurance: Used when specific insurance coverage is required

6. Compliance with Laws: Used when specific regulatory compliance needs to be addressed

7. Sub-contracting: Used when service provider may need to engage sub-contractors

8. Change Control: Used for complex services where scope changes might be needed

9. Assignment: Used when transfer of rights needs to be restricted or permitted

Suggested Schedules

1. Schedule 1 - Scope of Services: Detailed breakdown of services and deliverables

2. Schedule 2 - Fee Schedule: Detailed breakdown of the flat fee and payment milestones

3. Schedule 3 - Service Levels: Specific performance standards and metrics

4. Schedule 4 - Key Personnel: Details of key team members assigned to the project

5. Schedule 5 - Timeline: Detailed project timeline and milestones

6. Appendix A - Communication Protocol: Procedures for day-to-day communications and escalations

7. Appendix B - Acceptance Testing Procedures: Detailed procedures for accepting deliverables

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
































Clauses



































Relevant Industries

Information Technology

Professional Services

Consulting

Legal Services

Accounting

Architecture

Design Services

Engineering

Marketing and Advertising

Business Advisory

Construction

Education and Training

Healthcare Services

Real Estate Services

Research and Development

Relevant Teams

Legal

Finance

Procurement

Operations

Project Management

Commercial

Business Development

Sales

Accounts

Administration

Risk Management

Compliance

Relevant Roles

Legal Counsel

Contract Manager

Project Manager

Finance Manager

Business Development Manager

Operations Director

Procurement Manager

Commercial Manager

Managing Director

CEO

CFO

Consultant

Professional Service Provider

Account Manager

Sales Manager

Department Head

Managing Partner

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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