Important Contract Terms

Important Contract Terms for Service Agreements

A contract for services serves several important purposes. It establishes legal rights and obligations of each party to the contract, sets out the expectations for each party, and addresses how issues that may arise will be handled. But in order for the contract to effectively serve these goals, it must include the appropriate terms (also known as clauses, sections, provisions, etc.). Below is a list of ten important contract terms that should be considered in every contract for services. Note that this list is not in not in any particular order, and it is not an exhaustive list of contract terms to be included in a service contract. In addition, some terms may go by different names; what is important is not the name used for the contract term but its legal effect.

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