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What is a Service Agreement?

A Service Agreement is a legally binding contract that outlines the manner in which services will be provided. Service Agreements can be made between the service provider and the service user.

When the terms of the contract become more complex or need to be explained in more detail, written Service Contracts become more necessary.

A Service contract is as important for the service providers as it is for the recipient. The contract explains not only what the expectations are, but also how and when you can expect to be paid. For the service provider, the contract provides details about the expected service, including when the work is expected to begin and when it is expected to end. For the receiver, the contract provides important information about the service to be provided, including the amount to be charged, what expenses are covered, and when payment is due.

Other Names for This Service Agreement:

  1. General Service Contract
  2. Consulting Services Agreement
  3. General Service Agreement
  4. Service-Level Agreement
  5. Master Service Agreement 

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