{"id":62722,"date":"2021-08-17T18:01:05","date_gmt":"2021-08-17T10:01:05","guid":{"rendered":"https:\/\/zegal.com\/?p=62722"},"modified":"2023-03-16T14:20:48","modified_gmt":"2023-03-16T06:20:48","slug":"our-guide-to-supply-of-services-contracts","status":"publish","type":"post","link":"https:\/\/zegal.com\/en-sg\/blog\/post\/our-guide-to-supply-of-services-contracts\/","title":{"rendered":"Our Guide to Supply of Services Contracts"},"content":{"rendered":"

\"supply<\/p>\n

If you’re reading this, it means you’re taking the first steps towards establishing effective Supply of Services Contracts<\/strong> <\/a>for your business. These contracts will be an invaluable part of running your company smoothly and you’ll thank yourself for putting in the initial time to put your legals in place. <\/p>\n

<\/span>Why is a Supply of Services Contract Important?<\/span><\/h3>\n

In a nutshell, they set out the services to be provided so there is no miscommunication about what will be provided, and how. These contracts set out in simple terms the services to be provided, the contract period, the purchase price, the payment terms, and which party will own intellectual property rights in the works created.<\/p>\n

They provide an essential reference to discuss and negotiate effective outcomes whenever situations change, in terms of the client’s requirements and the provider’s capability. When things go wrong \u2014let’s face it, there are always going to be hiccups down the road\u2014 referring back to the supply of services contract will assign responsibility for the failure. <\/p>\n

Formal signed agreements or contracts are also useful and can be essential, for when service problems or failures occur, or for when the customer’s or client’s requirements change one way or another. A is a short-form contract between a service provider and a customer for the provision of services.<\/p>\n

<\/span>Issues to consider<\/span><\/h3>\n
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When planning, negotiating and drafting agreements for the supply of goods or services, counsel must often consider and address a variety of issues, including:<\/div>\n<\/div>\n
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