Service Agreement template
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Service Agreement for Acme Industries
A plain-language service agreement between Your Studio and Acme Industries — scope, payments, IP and exit terms everyone can actually read.
Prepared by Your Studio · 1 August 2026 · Valid until 31 August 2026
This Agreement is entered into between Your Studio ("Provider") and Acme Industries ("Client"), together the "Parties", effective 1 August 2026.
Scope of work
01 | Engagement. The services, standards and communication cadence both sides commit to |
02 | Commercials. Fees, invoicing rhythm and what happens when payments slip |
03 | Protection. IP transfer on payment, mutual confidentiality and liability caps |
04 | Exit. Clean termination terms with notice, handover and final billing |
Deliverables & timeline
| Deliverable | Timeline |
|---|---|
| Agreement signed | Day 0 |
| Services commence | Per SOW |
| Reviews | Quarterly |
| Renewal / exit | Per notice |
Investment
| Item | Amount |
|---|---|
| Professional services (as per SOW) | ₹1,00,000 |
| Onboarding & setup | ₹20,000 |
| Quarterly review sessions | ₹15,000 |
| Contingency / change budget | ₹15,000 |
| Total (incl. 18% GST) | ₹1,50,000 |
A 50% deposit confirms the engagement; the balance is due on delivery. Prices include 18% GST.
Payment schedule
| Milestone | Amount | Due |
|---|---|---|
| Kick-off deposit | ₹75,000 | On signing |
| Final delivery | ₹75,000 | On handover |
Terms of engagement
1. Services
Your Studio will provide the services described in the scope of work with reasonable skill and care, to professional standards.
2. Payment
Invoices are payable within 7 days. Work may pause on amounts overdue by more than 14 days. Prices include GST at 18%.
3. Client responsibilities
Acme Industries will provide timely access, approvals and materials. Delays on inputs extend timelines correspondingly.
4. Revisions & change control
The scope includes two rounds of revisions per deliverable. Additional requests are quoted separately before work begins.
5. Intellectual property
On full payment, deliverables transfer to Acme Industries. Your Studio retains pre-existing tools and may reference the work in its portfolio unless agreed otherwise.
6. Confidentiality
Both parties will keep non-public information confidential during and after this engagement.
7. Termination
Either party may terminate with 15 days' written notice. Work completed and in progress up to the effective date is billable.
8. Governing law
This agreement is governed by the laws of India; courts at the sender's registered place of business have exclusive jurisdiction.
Agreement
By signing below, Your Studio and Acme Industries agree to the scope, timeline and commercial terms described in this document, effective from the date of signing.
For Your Studio
Signature Date: 1 August 2026 |
For Acme Industries
Signature Date |
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