IT Services Agreement
1. Scope of Work:
Our company agrees to provide the clients with the following services:
- Artificial Intelligence
- Cloud Solutions
- Data Analytics
- Cyber Security
- Software Development
- Database Security
2. Timeline and Milestones:
The project shall commence on agreed date and shall be completed before the deadline.
3. Payment Terms:
- Invoices will be issued on a Weekly/Monthly basis.
- Payment is due within 10 Number days of receiving the invoice.
- There are no late fees.
4. Intellectual Property Rights:
All intellectual property created during this project shall be owned by our company name. The client shall receive a non-exclusive license to use the deliverables for their intended purpose.
5. Confidentiality and Non-Disclosure:
Both parties agree to keep all project-related information confidential and not disclose it to third parties without prior written consent.
6. Data Protection and Privacy:
The IT company will handle personal and sensitive data in compliance with applicable data protection laws.
7. Warranties and Guarantees:
The IT company guarantees that all work will be performed in a professional and workmanlike manner. Any defects will be corrected promptly.
8. Limitation of Liability:
The total liability of our company under this agreement shall not exceed the agreed amount or the total fees paid by the client, whichever is lower.
9. Termination Clause:
Either party may terminate this agreement with 2 days' written notice. Termination shall not relieve the client of their obligation to pay for services rendered.
10. Dispute Resolution:
Any disputes arising from this contract shall be resolved through arbitration in accordance with the rules of Arbitration Organization.
11. Force Majeure:
Neither party shall be liable for any failure or delay in performance due to circumstances beyond their control.
12. Governing Law:
This agreement shall be governed by and construed in accordance with the laws of Jurisdiction.
13. Independent Contractor Status:
Our Company is an independent contractor and not an employee or partner of the client.
14. Insurance:
Our Company shall maintain professional liability insurance with coverage of at least Coverage Amount during the term of this agreement.