Accounting Services Agreement
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PREPARED FOR
[Client Company]
PREPARED BY
[Sender Company]
TERMS AND CONDITIONS.
1. INTRODUCTION.
The Accounting Department has set out in this Agreement the Company's basic terms and conditions of business (the "Terms"), which will apply to all work undertaken by the Company for the Client in connection with this engagement. These terms govern the entire agreement between the Company and the Client.
For the purposes of these Terms, the term "Company" refers to the Company itself as well as its partners, employees, subcontractors, advisors, and all related entities.
2. INFORMATION.
The quality of the Company's services will depend on full and timely instructions from the Client. The Company will rely on the accuracy and completeness of the information the Client provides them. The Company will not independently verify the information unless requested to do so as a term of this engagement.
The Company shall be entitled to rely upon the accuracy of all information provided by the Client or by others on their behalf without independently verifying it.
The Client shall retain responsibility for the use of, or reliance on, advice or recommendations supplied by the Company in the delivery of the services.
The Client undertakes that if anything occurs after the information is provided by the Client to render such information untrue, unfair, or misleading, the Client will promptly notify the Company and, if required by the Company, take all necessary steps to correct any announcement, communication or document issued which contains, refers to or is based upon such information.
The Company acknowledges that information made available by the Client, or by others on their behalf, or which is otherwise known by partners or staff of the Company who are not engaged in the provision of the Services shall not be deemed to have been made available to the individuals within the Company who are engaged in the provision of the Services.
3. DELAYS.
The Client will not hold the Company responsible for any failure or delay in connection with their engagement caused by anything outside of the Company's control. This could include another person's actions or omissions. The Company's fees may reflect any additional cost that the Company incurs from such a delay. If the delay is substantial, the Client may terminate the Company's appointment.
4. RESOURCES.
To deliver the best work, the Company may require access to the Client's files, records, information technology systems, premises, and people. Other resources may be required to ensure timely approval, development, and sign-off of all project plans, specifications, accounts, and deliverables. The Company would require the Client to provide them with reasonable access to these resources without charge.
The fees for services under this Agreement are based on estimates made in good faith, using the information available at the time. The final fees and costs may differ from the estimate. For example, the scope or nature of the appointment may change, or unforeseen circumstances may arise. Any estimate will be based on the information the Client has provided and may be given subject to assumptions. The Company will promptly inform the Client of any increased costs.
6. FEES AND PAYMENT TERMS.
The Company will charge a fixed fee of [Payment Amount] for [Name of the specific services]. The payment schedule requires a [Deposit Percentage] deposit upon engagement, with the balance due upon completion of the services. Payment should be made within [Payment Period and Frequency] of the invoice date. The mode of payment shall be [Mode of Payment] or any other method agreed upon by both parties.
If payment is not received within [Payment Period and Frequency], a late fee of [Late Fee Percentage] will be charged for every [Late Fee Interval] the payment is overdue until the balance is paid in full.
7. FEE ADJUSTMENTS.
The Company may review the quoted fees if the Client does not proceed with the engagement within [Agreement Acceptance Period] day(s) of the agreement or if the Company is still performing services more than [Service Period Extension] day(s) beyond the official end date of the engagement. Any time-based fees quoted will remain in effect until [Quoted Fees Expiration Date] and may be adjusted for work continuing beyond that date.
8. DISBURSEMENTS.
10. ARBITRATION.
11. TERMINATION.
12. INDEMNITY.
The Company hereby agrees to indemnify the Client against any damages and losses as well as legal fees or any cost incurred as a direct consequence of the act or omission by the Company. The Client hereby agrees to indemnify the Company against any damages and losses that arise as a result of any act or omission on the part of the Client.
13. CONFIDENTIALITY.
The Parties understand that they are vulnerable to the sharing of information or documentation, written or oral, that is considered confidential or unpublished in nature. By accepting this clause, the Parties agree to keep all confidential information obtained during the term of this Agreement private and not disclose it to any third party without the written consent of the other Party.
15. NOTICES.
18. SEVERABILITY.
In the event that any provision in this Agreement is held to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability will not affect any other provisions of this Agreement and all other provisions will remain in full force and effect.
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