Louisiana Servicing Agreement
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FAQ
The Louisiana Procurement Code is a set of laws that govern the purchase of certain services, materials and supplies, and major repairs by most state agencies. For example, the Department of Natural Resources and the Attorney General are state agencies that must follow the LPC.
The purpose of the public bid law is to ensure that public entities receive the best possible price when using public funds for the procurement of materials and supplies or public works. Procurement rules for state executive branch entities are contained in the Louisiana Procurement Code (LPC).
What to include in your contract. Description of services. Lay out exactly what professional services you and your company will receive. ... Payment terms. Describe when and how the contractor will be compensated. ... Ownership rights. ... Confidentiality clause. ... Indemnification clause. ... Amendment. ... Termination. ... Dispute resolution.
