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A service-level agreement is a contract that a client and service provider can use to outline the expected standard of service. This type of agreement may outline quality standards, response times, delivery times, and more. This type of agreement is most relevant in commercial agreements.
We use the conjunction whereas to indicate a contrast between two facts or ideas: He loves foreign holidays, whereas his wife prefers to stay at home.
Example 1: "Whereas, the parties have agreed to enter into this contract for the sale of goods, and whereas the buyer has agreed to pay the seller the agreed-upon price, it is hereby agreed as follows..." Example 2: "Whereas, the city council recognizes the importance of preserving green spaces for the health and well- ...
Contract recitals precede the main text of a contract and are referred to as the "whereas" clauses. A recital provides the reader with a general idea about the purpose of the contract, the parties involved, and why they are signing it. Recitals can be considered as the preamble to the contract.
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.
In a contract a whereas clause is an introductory statement that means "considering that" or "that being the case." The clause explains the reasons for the execution of the contract and, in some cases, describes its purpose. The whereas clause may properly be used in interpreting the contract.
Prepare a contract Provide details of the parties. Describe services or results. Set out payment details. Assign intellectual property rights. Explain how to treat confidential information. Identify who is liable ? indemnity. Provide insurance obligations. Outline any subcontracting agreements.
Recitals, aka the WHEREAS section, are like introductory statements. They kind of set the scene as to why maybe these two parties are entering into a contract.
In a medical billing company provider agreement or service agreement is a legal document outlining the services and the terms under which the payment for those services is rendered. The service agreement obliges the health care provider to compensate for the medical billing company services without any failure.
Network Agreement means an agreement pursuant to which the Borrower or any Subsidiary connects one or more of its Telecommunications Systems to one or more Telecommunications Systems operated by any other Person, excluding any roaming agreements to which the Borrower is a party.