Service Agreement & Term Sheet Drafting
Defines **scope, fees, deliverables, and timelines** for a business service, minimizing conflict and ensuring legal enforceability.
Lawizer drafts robust agreements and term sheets, providing guidance on clauses, obligations, and timelines.
Why a Service Agreement is Critical
A formal Service Agreement prevents conflicts over the expected service quality, deadlines, or payment amounts. It legally binds both parties to the defined terms, securing the transaction.
Key Protections & Benefits
Defines scope, fees, deliverables, and timelines for a business service
Prevents conflicts over services or payments
Ensures legal enforceability
Guidance on clauses, obligations, and timelines
Pre-Requisites for Drafting
To accurately define the terms of the service agreement, the following details are needed:
Parties’ details
Scope of services, fees, and deadlines
Lawizer Deliverables
Drafting service agreements or term sheets
Guidance on clauses, obligations, and timelines
Frequently Asked Questions
A Service Agreement defines the scope, fees, deliverables, and timelines for a business service.
A Term Sheet is a preliminary, non-binding document outlining the basic terms and conditions before a definitive Service Agreement is drafted, establishing mutual understanding.
Defining the scope and fees clearly prevents conflicts over services or payments and ensures legal enforceability of the commitment.