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An agreement drafted from the supplier's point of view, in which the supplier agrees to provide support and maintenance for certain hardware supplied by the supplier.
These are preventive and remedial services that physically repair or optimize hardware, including basic installation, contract maintenance and per-incident repair ? both on-site and at a centralized repair depot.
A maintenance agreement (contract), sometimes called a service agreement (contract), is an agreement which requires specific performance of repairing, cleaning, altering, or improving tangible personal property on a regular or irregular basis to ensure the product's continued satisfactory operation.
The typical annual maintenance contract format includes: The name and address of the involved parties, usually a business and the company providing the service. Price of the contract. Annual maintenance contract terms and conditions. Penalties for breaking contract or contract termination.
By Practical Law Commercial. A B2B agreement in which the supplier agrees to provide a maintenance and support service for equipment. The agreement is drafted to be broadly neutral between the parties. To access this resource, sign in below or register for a free, no-obligation trial.