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Things you need to know about Service Contract.


1. What is a Service Contract? 

A Service Contract is a written agreement for the service contractor to render service to the client as an independent contractor.  The agreement describes, among others, the (a) service to be rendered by the service contractor; (b) the compensation due the service contractor; and (c) the nature of the relationship as an independent contractor. This document can be used by a service contractor getting ready to provide a service for a client or a client preparing to hire a service contractor.


2. When do you need a Service Contract?

You need a Service Contract if you will hire a service contractor. If your business is getting services, you need to know exactly what services will be provided. If you're the service provider, you need to know exactly what's expected of you and when you'll get paid. 

A Service Contract also clearly defines the relationship between the client and service contractor as one of an independent contractor.


3. What information do you need to create a Service Contract?

To create your Service Contract you’ll need the following minimum information:

  1. The type of client (i.e. individual or business) as well as name and details (i.e. nationality and address)
  2. The type of service contractor (i.e. individual or business) as well as name and details (i.e. nationality and address)
  3. The service to be performed by the service contractor
  4. The compensation to be paid the service contractor
  5. The duration of the contract

Related Documents.

Activities that involve a Service Contract sometimes use the following documents. You may be interested in them:

Document Name