Services agreement Definition

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GLOSSARY

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What does Services agreement mean?

An agreement whereby a supplier agrees to provide specified service(s) to a customer in return for payment of a fee.

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Which Precedent—supply of services agreements—B2B—Flowchart

Which Precedent—supply of services agreements—B2B—Flowchart This Flowchart is a guide for determining which Precedent agreement for the supply of services is most appropriate to use in a given situation. An at a glance table also provides an overview of the key underlying drafting assumptions in each of the Precedent agreements as an alternate method of determining the most appropriate Precedent for use in a given situation. The Flowchart and accompanying table consider the business to business (B2B) Precedent options only. Flowchart Key drafting assumptions in Precedent agreements for the supply of services—at a glance This table provides an at a glance overview of the key underlying drafting assumptions in each of the Precedent agreements for the supply of services as an alternate method of determining the most appropriate Precedent for use in a given situation. Precedent Pro-party drafting bias Format Basis of supply Contains TUPE provisions Contains data processing provisions Compliance provisions Contains exclusivity provisions Contains change control provisions Contains non-solicitation provisions Contains parent company guarantee provisions Services...

Coronavirus (COVID-19)—drafting TMT agreements—checklist [Archived]

Coronavirus (COVID-19)—drafting TMT agreements—checklist [Archived] ARCHIVED: This Checklist has been archived and is not maintained. This Checklist sets out key contractual provisions that parties should particularly consider when drafting and negotiating contractual provisions in TMT agreements given the coronavirus (COVID-19) pandemic and its effects. The direct and indirect impacts of coronavirus may include: • restrictions on travel, physical meetings or working on business premises arising as a result of health concerns or government interventions • unavailability of key staff (eg due to illness of those individuals or their family or due to travel restrictions) • the need to work outside of ‘business as usual’ patterns and based on contingency plans • fluctuations in demand for specific goods or services, which may in turn have implications for the creditworthiness of the parties or their requirements • the general economic effects of the pandemic, which may have implications for the creditworthiness of the parties • cost fluctuations as a result of the impact of the pandemic on supply chains (eg inflationary...

Discover our 19 Checklists on Services agreement

Introduction to the World Trade Organization Dispute Settlement

Introduction to the World Trade Organization Dispute Settlement This Practice Note introduces the World Trade Organization’s (WTO) dispute settlement mechanism. It provides guidance on the dispute settlement body and its constituent parts, the scope of the dispute settlement understanding, the participants in a dispute, the legal basis for a dispute and the main stages of a dispute. Introduction Disputes arising from international trade have been subject to a legal regime prior to the inception of the WTO on 1 January 1995. Under the General Agreement on Tariffs and Trade (GATT) 1947 there were two provisions dealing with disputes. These two provisions did not address dispute settlement in a comprehensive manner. The reason is that the GATT 1947 did not establish an international organisation but merely regulated trade in goods. As such, the GATT did not contain a complete set of rules on dispute settlement. Article XXII of the GATT 1947 provides that parties to the GATT 1947 must consult with each other if there was any matter affecting the...

Construction Glossary—P

Construction Glossary—P A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Parent company guarantee (PCG) A contract between a parent company and a beneficiary, by which the parent guarantees its subsidiary's performance under a separate contract between the subsidiary and the beneficiary (eg a building contract). In the event of the subsidiary failing to perform its obligations under its contract with the beneficiary, the parent company may be required to perform its obligations in its place or reimburse the beneficiary for losses suffered as a result of the subsidiary’s failure to perform. See subtopic: Parent company guarantees in construction projects. Partial possession This is where the employer takes possession of part(s) of the works before practical completion of the whole project, for example to rent a completed floor to a tenant while works continue on other floors. In such a case, practical completion is deemed to have occurred for that...

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Precedent signing and closing memorandum for a commercial mortgage-backed securities transaction

Precedent signing and closing memorandum for a commercial mortgage-backed securities transaction A Signing and Closing Memorandum is required to assist the smooth execution of a complex transaction. This precedent signing and closing memorandum sets out steps to be taken in order to close a commercial mortgage-backed securities (CMBS) transaction. Additional documents or steps may be required depending on the specific transaction. [ISSUER] [CURRENCY][AGGREGATE AMOUNT] CLASS [A] NOTES DUE [•] AND [CURRENCY] [AGGREGATE AMOUNT] CLASS [B] NOTES DUE [•] (THE NOTES) SIGNING AND CLOSING MEMORANDUM 1 Parties involved in the transaction THE PARTIES Issuer [●] Holdings [●] Originator [●] Arranger [●] Manager [●] Trustee [●] Security Trustee [●] Paying Agent [●] Account Bank [●] Cash Manager [●] Servicer [●] Special Servicer [●] Swap Counterparty [●] Liquidity Facility Provider [●] Registrar [●] Corporate Services Provider [●] [Listing Agent] [●] Listing Authority [●] Stock Exchange [●] [Rating Agencies] [●] Euroclear Euroclear Bank SA Clearstream Clearstream Banking, societe anonyme Common Depositary [●] Auditor [●] Valuer [●] Issuer's Counsel...

Board minutes—private M&A—asset purchase—completion—seller

Board minutes—private M&A—asset purchase—completion—seller Company number: [insert company number] [insert company name] [LIMITED OR PLC] Minutes of a meeting of the board of directors (the `Meeting) of [insert company name] [Limited OR PLC] (the Company) Held at [insert place of meeting] Held on [insert day, month and year of meeting] at [insert time of meeting][am OR pm] Present: [Insert names of the director(s) physically present][[Insert names of any directors present by telephone as permitted by the Company’s articles of association] (by telephone)] [[Insert names of any directors present by other means permitted by the Company’s articles of association] (by [insert other means]] [ In attendance: ] [[Insert name of anyone in attendance, who does not count towards the quorum for the Meeting (eg the company secretary, any legal advisers)]] [ Apologies: ] [[Insert names of any directors who are unable to attend the Meeting]] 1 Chair, notice and quorum [Insert name] was appointed Chair of the Meeting. The Chair reported that due...

Dive into our 20 Precedents related to Services agreement

Can the Model Clauses be amended to limit or exclude the rights of a data subject?

Can the Model Clauses be amended to limit or exclude the rights of a data subject? Amending Model Clauses Clause 10 of the 2010 Model Clauses provides that ‘The parties undertake not to vary or modify the Clauses. This does not preclude the parties from adding clauses on business related issues where required as long as they do not contradict the Clause.’ As explained in Practice Note: UK GDPR and EU GDPR—transfers of personal data internationally and to international organisations—Article 46 tools, it follows that any amendments must be of a quintessentially commercial nature or show an intention of how the rights within the Model Clauses will operate in practice. Any amendments must not affect either the rights of a data subject or the protection of the data in question. Business Related Issues There is little guidance on the scope of ‘business related issues’, however, News Analysis: Can you amend EU Model Clauses? notes that: ‘…if you want to amend the Model Clauses, it's very important you do...

If two businesses enter into a services agreement and some time later the customer wishes the supplier to carry out additional services, may the parties agree an 'addendum' or 'variation' of the agreement they signed, or must they enter into a new contract? Also, will this depend on whether the original agreement has 'rolled on'?

If two businesses enter into a services agreement and some time later the customer wishes the supplier to carry out additional services, may the parties agree an 'addendum' or 'variation' of the agreement they signed, or must they enter into a new contract? Also, will this depend on whether the original agreement has 'rolled on'? Q&A: What is the best approach for updating an existing B2B contract? notes that the parties should consider various aspects when deciding whether variation or termination is more suitable to update the contract, including: • the provisions for variation, change control and termination within the existing contract • the parties’ resource and appetite for pursuing either of these options In terms of negotiating the proposed amendments to the contract or highlighting which provisions it is suggested will be changing in the new relationship, options include: • opening up ‘in principle’ discussions • setting out a detailed narrative of the proposed amendments • if a variation has been chosen as the preferred...

See the 33 Q&As about Services agreement

Commercial weekly highlights—12 June 2025

This week's edition of Commercial weekly highlights includes: commentary on the Court of Justice decision in Verbraucherzentrale Hamburg v Bonprix which considered the meaning of 'promotional offer' under the EU E-Commerce Directive, news that the Marking of Retail Goods Regulations 2025, SI 2025/Draft, are due to come into effect on 1 July 2025, and news that the Competition and Markets Authority has secured formal undertakings from Amazon to strengthen its systems against fake reviews and catalogue abuse on its UK online store.

TMT weekly highlights—29 May 2025

Welcome to this week’s edition of the TMT weekly highlights: a hand-picked summary of news analysis, updates and new content from across the technology, media and telecoms sectors. These highlights focus on key topics including new technologies, software, cloud computing, internet, outsourcing, music, film & television, publishing, defamation and telecoms.

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GLOSSARY