An intercompany service contract is a legal document which is drafted between two organizations when one of them agrees to provide a certain service to the other one. One of the organizations is referred to as the client and the other organization is referred to as the service provider. There are various terms and conditions mentioned in the contract that both the parties need to follow.
Sample Intercompany Service Contract
Intercompany service contract number: IS 34
Effective date of contract: 12th of December 2011
This intercompany service contract has been drafted between Larry Sales Limited referred to as the client with principal office address located at 45 Tango Charlie Road, Hill City, New Jersey 6547 and Cleaners and Wipers Limited referred to as the service provider with principal office address located at 21 Chaplin High Road, Hill City, New Jersey 6547.
As per the contract, the service provider will be providing cleaning and wiping services in the office premises of the client.
Terms and conditions:
- The contract is valid for two years from the effective date of contract that is till 11th of December 2013. Either of the parties can cancel the contract before that date prior to which they will have to serve a notice period of one month.
- The service provider will receive a remuneration of $5000 per month. The payment of first three months has to be paid in advance.
- The service provider assures that no damage will be caused to the property of the client while providing their service.
Signature of the client: Signature of the service provider:
Nancy Myers Rocky Balboa
(MD, Larry Sales Limited) (MD, Cleaners and Wipers Limited)