Document background
The Project Agreement Between Company And Client is a fundamental legal instrument used in Indian business transactions for structuring project-based relationships. It is essential when a company undertakes to deliver specific deliverables, services, or outcomes for a client within defined parameters and timelines. This document type is particularly crucial in the Indian business environment, where it must comply with the Indian Contract Act, 1872, and other relevant legislation. It typically includes detailed provisions for project scope, execution methodology, delivery timelines, payment structures, and risk allocation. The agreement serves multiple purposes: it provides legal protection for both parties, establishes clear project governance, defines success criteria, and outlines resolution mechanisms for potential disputes. It is commonly used across various sectors for both short-term and long-term projects, requiring careful consideration of Indian legal requirements and business practices.
