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Professional Services Agreement
"I need a Professional Services Agreement for my IT consulting firm based in Karachi to provide cybersecurity services to a multinational bank, starting March 2025, with strict confidentiality provisions and data protection requirements as per Pakistani banking regulations."
1. Parties: Identification and details of the service provider and client, including registered addresses and company registration numbers
2. Background: Recitals explaining the context and purpose of the agreement
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. Scope of Services: Detailed description of the professional services to be provided
5. Term and Commencement: Duration of the agreement and conditions for commencement
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. Fees and Payment Terms: Compensation, payment schedule, expenses, and taxation requirements
9. Intellectual Property Rights: Ownership and rights related to work products and pre-existing IP
10. Confidentiality: Protection and handling of confidential information
11. Data Protection: Obligations regarding personal data handling and protection
12. Liability and Indemnification: Limitation of liability and indemnification provisions
13. Force Majeure: Provisions for unforeseen circumstances and their handling
14. Termination: Grounds and procedures for contract termination
15. Dispute Resolution: Procedures for handling disputes, including jurisdiction and governing law
16. General Provisions: Standard boilerplate clauses including notices, amendment procedures, and severability
1. Service Levels: Specific performance metrics and standards, used when quantifiable service levels are required
2. Personnel Requirements: Specific requirements for service provider's team, used when particular qualifications or security clearances are needed
3. Compliance with Anti-Corruption Laws: Detailed anti-corruption provisions, particularly important for international agreements or government contracts
4. Insurance: Specific insurance requirements, important for high-risk services
5. Non-Competition: Restrictions on competitive activities, used when service provider has access to sensitive business information
6. Change Control: Procedures for managing changes to services, important for long-term or complex service arrangements
7. Business Continuity: Disaster recovery and business continuity requirements, important for critical services
8. Security Requirements: Specific security protocols and requirements, important for services involving sensitive information or systems
9. Exit Management: Detailed procedures for contract ending and transition, important for complex or critical services
1. Schedule 1 - Service Description: Detailed specification of services to be provided
2. Schedule 2 - Fees and Payment Schedule: Detailed breakdown of fees, rates, and payment milestones
3. Schedule 3 - Service Levels: Detailed service level agreements and performance metrics
4. Schedule 4 - Key Personnel: Details of key team members and their qualifications
5. Schedule 5 - Required Insurance: Specific insurance types and coverage levels
6. Schedule 6 - Approved Subcontractors: List of pre-approved subcontractors if applicable
7. Schedule 7 - Data Processing Agreement: Detailed data protection and processing requirements
8. Schedule 8 - Change Control Procedures: Detailed procedures for managing changes to services
9. Appendix A - Form of Change Order: Template for documenting and approving changes
10. Appendix B - Service Report Template: Standard format for service delivery reporting
Authors
Information Technology
Management Consulting
Financial Services
Engineering
Healthcare
Education
Legal Services
Accounting
Architecture
Marketing and Advertising
Human Resources
Environmental Services
Research and Development
Telecommunications
Construction
Legal
Procurement
Finance
Human Resources
Operations
Risk and Compliance
Information Technology
Project Management Office
Business Development
Commercial
Administration
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Procurement Manager
Contract Manager
Project Manager
Operations Director
Human Resources Director
Chief Technology Officer
Risk Manager
Compliance Officer
Business Development Manager
Finance Manager
Department Head
Managing Partner
Commercial Director
General Manager
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