The professional services clause outlines the scope, responsibilities, and standards by which a provider delivers specialized or skilled services to a client, ensuring both parties clearly understand their commitments. It often specifies deliverables, timelines, and quality expectations to safeguard the interests of both the service provider and the client.
SISW will perform services (“Professional Services”) and produce the deliverables described in one or more statements of work (“SOW”).
...the Professional Services shall take place on such dates, times, and at such locations as mutually agreed to in writing and in advance by the parties. Professional consents to Company or its designee creating a videotape and/or audio-recording (collectively, the “Recording”) of the Professional Services, in whole or in part, which Company shall use for internal purposes only. Professional acknowledges that Company shall own all right, title, and interest in and to the intellectual property fixed in the Recording. Professional waives and transfers any so-call “moral” rights or rights of attribution or integrity Professional may have in the Recording.
We sell professional services, including development of national cyber security strategies, cyber operations monitoring, security, training, red team, incident response and tailored maturity assessments. Revenue derived from these services is recognized as the services are delivered.
Professional services revenue is derived primarily from fees for enabling services, including solution consulting and solution deployment. These services are often sold in conjunction with the sale of [Company's] solutions. [Company] provides professional services primarily on a time and materials basis, but also on a fixed fee basis. Customers are invoiced for professional services either monthly in arrears or, as with fixed fee arrangements, in advance and upon reaching project milestones. Professional services revenue is recognized over time.
Professional services refer to specialized services provided by professionals using their expertise and experience in specific areas. These services often require advanced education and training and are usually provided by licensed or certified individuals or firms. Common categories include accounting, legal, consulting, engineering, architecture, and marketing services. Professionals in these fields offer strategic advice and solutions tailored to the client’s specific needs.
You should consider using professional services when:
For example, a company might hire an accounting firm to ensure compliance with tax laws or a legal firm to manage complex contracts.
Writing professional services contracts involves several key steps and considerations:
A well-drafted professional services contract mitigates potential disputes and provides legal protection for both parties.
Professional services are typically delivered under various types of contracts, such as:
These contracts ensure that both parties have clear expectations, legal protection, and agreed-upon terms for the duration of the services provided.
Dive deeper into the world of clauses and learn more about these other clauses that are used in real contracts.
A "Promise to Pay" clause is a contractual agreement where one party commits to making a specified payment to another party under outlined conditions. This clause serves as a legal assurance of payment, detailing the amount, payment method, and deadline to ensure clarity and accountability between the parties involved.
The "proper cause" clause specifies that any action or decision by a party, such as termination of a contract, must be based on a legitimate and justifiable reason that is aligned with the terms agreed upon in the contract. This clause is intended to prevent arbitrary or unfair actions and ensure that both parties adhere to agreed standards and expectations.
The "Proprietary Information and Confidentiality" clause ensures that any proprietary or confidential information shared between parties remains protected and is not disclosed to unauthorized individuals or entities. It restricts the use of such information solely for the purposes defined in the contract, safeguarding the interests of the party that owns the information.
Try our AI contract analysis and extract important clauses and information from existing contracts.
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