Agreement Format For Annual Maintenance Contract
B. If you do not pay in a timely manner, we will notify you in writing, and if you still do not pay for 10 days after this notification, we may terminate this contract. For the costs listed below, [Maintenance Company] will periodically check the devices listed in this device plan and keep them in good working order. The inspection and maintenance of the equipment depends on the type of equipment and is defined in the equipment plan. Unless an equipment plan is made otherwise, all customer maintenance contracts must be paid in advance for each maintenance period. Create a section of official definitions at the beginning of the contract. Define the two parties to the agreement — the service provider and the client — by listing the full legal names of each company. Define all the ambiguous terms you want to use throughout the contract, such. B as “work,” “contract year” and “technician.” Includes provisions for termination of the contract. They may, for example, decide to include a clause stating that the contract is automatically considered null and void if one of the parties is convicted of fraud or other particular criminal act.
For example, you can specify that any breach of the contractual relationship by one party may lead to a termination of the contract without liability on the part of the other party if the other party can communicate in writing to the offending party its intention to terminate that relationship. one. The service required due to abuse, abuse, electrical storms, failures or fluctuations, broken or damaged glass, non-compliance with the user`s maintenance and operating instructions, or an outage or failure of an unspecified interconnected device in an equipment plan, including, but not exclusively, wiring, line or voice or data equipment or equipment; one. This agreement and the equipment plan are the whole agreement between the parties regarding any service provided by [Maintenance Company] to the customer, and no insurance, inducement, promise, promise or agreement that is not embodied in it has no strength or effect. The duration of this agreement applies to the start period mentioned above, which begins when it comes into force. This contract is automatically renewed for one (1) year, unless you or we terminate the other at least thirty (30) days before the current period expires in writing. In the case of such an extension, the maintenance costs you pay during this period are as shown above. Discuss the agreed compensation structure for services. If you enter into a contract with an independent maintenance contractor, you indicate the hourly rate to be paid, the means of payment to be paid and any additional compensatory provisions. If you are dealing with a larger service provider, you include in the contract all the provisions agreed by both parties with respect to compensation rules, including credit terms and price reductions for prepayment in full.
An annual maintenance contract gives the company and service provider the advantage of planning everything in advance, so that if a machine, computer, hardware or software breaks down or no longer works properly, the company knows it can be up and running as quickly as possible. This helps to avoid unnecessary delays that result in loss of profits or revenue. one. The fees listed above are non-refundable, even if you decide to cancel the maintenance dates. A CMC is usually for one year and can be extended for up to 3 or 5 years if the parties are agreed. A CMC provides a timely service for repairs and replacement of defective parts or machinery.
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