The Kentucky Service Contract Agreement is a legally binding contract between a service provider and a customer. This agreement is used to specify the specific services to be provided, the payment terms, and the duration of the service. The contract is often used in the context of professional services such as consulting, design, construction, IT, and marketing. There are three primary types of Kentucky Service Contract Agreements: 1. Fixed-Price Service Contract Agreement: This type of agreement outlines the services to be provided along with the total cost to the customer. The customer is required to pay the full amount upfront or in predetermined installments. 2. Time and Materials Service Contract Agreement: This type of agreement outlines the services to be provided along with a predetermined rate per hour of work. The customer pays the service provider after the services have been provided and the final cost is determined by the number of hours worked. 3. Performance-Based Service Contract Agreement: This type of agreement outlines the services to be provided along with the desired outcome. The customer pays the service provider based on the success of the project or product. The fee is paid only after the project is completed and the desired outcome is achieved.