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FAQ
Is a service contract a warranty?
A service agreement is not a warranty. A service contract is an agreement between two people to exchange goods or services. If the product does not work as promised, the customer agrees pay for repair or replacement. This contract is also called a maintenance contract.
Do I have to sign anything before starting work?
Yes, the SCA must be signed in both cases. This means that either party cannot change their mind after signing the SCA without the consenting party.
What happens if one side doesn't agree to the deal?
Failure to fulfill your obligations under the agreement can lead to the law allowing the other party to declare your promise null and sue you for damages. Damages can include interest, court costs and legal fees as well as the amount due.
Statistics
- Reasonable late fees go up to 25% per year on unpaid sums. (lawdepot.com)
- (ii) Name, address, and telephone number of each proposed first-tier subcontractor with a proposed subcontract estimated at $10 million or more. (acquisition.gov)
- Depending on the client's trustworthiness and financial stability, a deposit is usually 10 to 50% of the total contract amount. (lawdepot.com)
- Don't take their anger personally, they are mad about the situation 99% of the time. (activatemylicense.com)
- (d) Contractor disputes related to compliance with its obligation shall be handled according to the rules, regulations, and relevant orders of the Secretary of Labor (see 41 CFR60-1.1). (acquisition.gov)
External Links
How To
How can I start to negotiate my first service contract?
Negotiating the terms of a first service agreement can seem like a daunting task.
It doesn't have be difficult to negotiate the terms for a first contract.
It all depends on your level of preparation.
Before you begin negotiations, you should ensure that you understand the terms and conditions of your first service agreement.
You must know what you are going to do for your customer, for instance.
You should also know what your customer wants from you.
Once you have a clear picture of the services you provide, it is time to start planning for negotiation.
The more information that you have, the more prepared you'll be for the meeting with the other party.