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Hourly Fee Agreement
"I need an Hourly Fee Agreement for my IT consulting firm in Lagos, with specific provisions for remote work and intellectual property protection, as we'll be developing custom software solutions for clients starting March 2025."
1. Parties: Identification and details of the service provider and client, including registration numbers and addresses
2. Background: Context of the agreement and brief description of the parties' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Scope of Services: Detailed description of the professional services to be provided
5. Fee Structure: Hourly rates, minimum billing increments, and payment terms
6. Billing and Payment: Invoice frequency, payment methods, and payment timeline
7. Obligations of the Service Provider: Key responsibilities and service standards
8. Client Responsibilities: Client's obligations including providing necessary information and access
9. Term and Termination: Duration of the agreement and termination provisions
10. Confidentiality: Protection and handling of confidential information
11. Limitation of Liability: Extent and limitations of service provider's liability
12. Governing Law and Jurisdiction: Specification of Nigerian law as governing law and jurisdiction
13. General Provisions: Standard boilerplate clauses including force majeure, notices, and amendments
1. Intellectual Property Rights: Include when services may involve creation of intellectual property
2. Non-Competition: Include when protecting against competitive activities is necessary
3. Insurance: Include when specific insurance requirements need to be maintained
4. Data Protection: Include when personal data processing is involved
5. Force Majeure: Include when specific force majeure events need detailed treatment
6. Assignment: Include when transfer of rights needs to be specifically addressed
7. Dispute Resolution: Include when specific dispute resolution procedures beyond court jurisdiction are required
1. Schedule 1 - Fee Schedule: Detailed breakdown of hourly rates by personnel level or service type
2. Schedule 2 - Scope of Services: Detailed description of services including any excluded services
3. Schedule 3 - Key Personnel: List of key personnel assigned to provide services
4. Schedule 4 - Service Levels: Specific performance metrics and service standards
5. Appendix A - Invoice Template: Standard format for invoices
6. Appendix B - Time Recording Guidelines: Rules and procedures for time recording and billing
Authors
Professional Services
Legal Services
Management Consulting
Information Technology
Engineering
Accounting and Finance
Business Advisory
Project Management
Technical Consulting
Architecture
Healthcare Consulting
Environmental Consulting
Legal
Finance
Procurement
Human Resources
Operations
Compliance
Risk Management
Contract Administration
Project Management Office
Business Development
Chief Financial Officer
Legal Counsel
Procurement Manager
Contract Manager
Finance Director
Project Manager
HR Director
Operations Manager
Compliance Officer
Business Development Manager
Managing Partner
Professional Consultant
Department Head
Risk Manager
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