Create a Customized Indemnity (Hold Harmless) Agreement

This template was prepared by: Topstone Solicitors (London), Topstone Solicitors

Instructions

Indemnity has the general meaning of "hold harmless". Indemnity is defined as "a duty to make good any loss, damage, or liability incurred by another (Black's Law Dictionary).

Business Service Agreement

I want to use this Agreement for
"Services Provided Once" means "one-off" business service. "Ongoing Services" means "repeated or continual" business service.
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THIS SERVICE AGREEMENT (this "Agreement") dated
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The Contractor is:
A contractor is a natural person, business, or corporation that provides services to another entity under terms specified in this contract.
A contractor is a natural person, business, or corporation that provides services to another entity under terms specified in this contract.
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of
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The Client is:
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of
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Services Provided.
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The Client hereby agrees to engage the Contractor to provide the Client with services (the 'Services') consisting of:
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;
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The Services
include any other tasks.
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Term of Agreement.
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may terminate this Agreement prior to the completion of the Services.
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In the event that either Party wishes to terminate this Agreement prior to the completion of the Services , that Party will be required to provide
days written notice to the other Party.
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Payment.
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For the services rendered by the Contractor as required by this Agreement, The Client will provide
rate payment (the 'Payment') to the Contractor of
+ In Words
per
.
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The Payment
Value Added Tax (VAT). Any Value Added Tax required will be charged to the Client in addition to the payment.
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Payment Conditions.
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Choose Payment Option:
Select applicable option
A deposit of
+ In Words
will be payable by the Client before the Contractor provides the Client with the Services.
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Invoices submitted by the Contractor to the Client are due within
days of receipt.
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Reimbursement of Expenses.
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The Contractor
reimbursed from time to time for
reasonable and necessary expenses (the 'Expenses') incurred by the Contractor in connection with providing the Services :
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;
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The Expenses
be pre-approved by the Client.
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Ownership of Intellectual Property.
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All intellectual property and related material (the 'Intellectual Property') that is developed or produced under this Agreement, will be the sole property of the
.
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Should any Party indemnified?
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Non-solicitation clauses are restrictions that seek to prohibit the Contractor or the Client from poaching customers or suppliers of the other Party. Typically, the Parties have access to sensitive commercial information.
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Clients insert non-compete clauses into employment contracts to restrict the Contractor’s ability to compete against the Client, thereby protecting the Client’s confidential information or customer relations for a specific period of time. For a restrictive covenant to be enforced it must not be drafted too widely. It will be for the Client, in the event of a clause being challenged, to show that the clause is justified and sufficiently narrow. To meet these criteria the Client must be mindful of certain factors: a) The breadth of the geographical area of any restriction and the length of time of the post termination restriction must be justified. It is unlikely that a wide geographical area will be justified and, as a general rule, a restriction for more than 6-12 months will be difficult to justify. b) The breadth of the activities that the Client is trying to restrict. c) The type of interest being protected, for instance, information such as trade secrets may be granted wider protection than customer information, given that its potential use across markets is wider.
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This clause essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties, such as a war, strike, riot, crime, or an event described by the legal term act of God (hurricane, flood, earthquake, volcanic eruption, etc.), prevents one or both parties from fulfilling their obligations under the contract. In practice, most force majeure clauses do not excuse a party's non-performance entirely, but only suspend it for the duration of the force majeure. Force majeure is generally intended to include occurrences beyond the reasonable control of a party, and therefore would not cover: a) Any result of the negligence or malfeasance of a party, which has a materially adverse effect on the ability of such party to perform its obligations. b) Any result of the usual and natural consequences of external forces. Also called “vis major” or "superior force”.
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Applicable Law.
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This Agreement shall be governed by and construed in accordance with the laws of Country of
.
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Cooperation.
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Severability.
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Entire Agreement.
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SIGNED, SEALED AND DELIVERED
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SIGNED, SEALED AND DELIVERED
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Topstone Solicitors (London) | Topstone Solicitors
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