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A maintenance contract is the written document that sets forth the terms of an agreement between a client and a maintenance service provider. The client can be a consumer who gets a warranty for purchases of mechanical equipment or a landlord who contracts a handyman for servicing a building.
A software maintenance agreement, or SMA, is a legal contract that obligates the software vendor to provide technical support and updates for an existing software product for their customers. It may also extend the expiration date of certain features, such as new releases or upgrades.
In your maintenance agreement, you will need to include:A section that defines both the provider and the client including their full legal names and any terms that need to be defined in the contract.A list of the services that will be performed in detail.The compensation for the agreed upon services.More items...
Learn below about the four most common types of construction contracts.Lump Sum Contract. A lump sum contract sets one determined price for all work done for the project.Unit Price Contract.Cost Plus Contract.Time and Materials Contract.
When writing a contract for an independent maintenance contractor, include the hourly pay rate, methods of payment, and any provisions for additional compensation. With contracts for larger service providers, include all agreed-upon provisions such as compensation, price discounts or early payment, and credit terms.
The Software maintenance fee is the annual cost that you pay for upgrades and support of the software. The price is typically a percentage of the initial software license fee which is usually between 16-25% of the license cost per year.
The three most common contract types include:Fixed-price contracts.Cost-plus contracts.Time and materials contracts.
A service maintenance contract is a legal agreement between a company and a maintenance service provider. It specifies the terms and conditions of the agreement between the two parties.
More Definitions of Support and Maintenance Agreement Support and Maintenance Agreement means an Agreement for the provision of support and maintenance services in respect of one or more Products.
When writing a contract for an independent maintenance contractor, include the hourly pay rate, methods of payment, and any provisions for additional compensation. With contracts for larger service providers, include all agreed-upon provisions such as compensation, price discounts or early payment, and credit terms.