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Service Contract Company Template for Hong Kong

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Key Requirements PROMPT example:

Service Contract Company

"I need a Service Contract Company agreement for my IT consulting firm to provide software development and maintenance services to a Hong Kong-based financial institution, with specific provisions for data security and regulatory compliance, starting March 1, 2025."

Document background
The Service Contract Company agreement is a fundamental business document used in Hong Kong when one company agrees to provide services to another on a business-to-business basis. This document is essential for establishing clear commercial terms, service expectations, and legal protections in line with Hong Kong's common law system and relevant ordinances. It's particularly valuable when companies need to formalize ongoing service arrangements, whether for professional services, consulting, technology services, or other business support functions. The contract addresses key aspects such as service scope, performance standards, intellectual property rights, data protection, and liability allocation, while ensuring compliance with Hong Kong's regulatory requirements. This document type is distinct from employment contracts and is specifically structured to maintain a clear company-to-company service relationship.
Suggested Sections

1. Parties: Identifies and provides full details of the contracting parties including registration numbers and registered addresses

2. Background: Sets out the context of the agreement and brief description of the parties' business relationship

3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes interpretation rules

4. Scope of Services: Detailed description of the services to be provided under the contract

5. Term and Commencement: Specifies the duration of the agreement and when services will begin

6. Fees and Payment Terms: Details the fees, payment schedule, invoicing process, and payment methods

7. Service Provider's Obligations: Lists the key obligations and responsibilities of the service provider

8. Client's Obligations: Specifies the client's responsibilities and obligations to enable service delivery

9. Intellectual Property Rights: Addresses ownership and usage rights of any IP created or used during service provision

10. Confidentiality: Protects confidential information exchanged during the service relationship

11. Data Protection: Ensures compliance with Hong Kong's Personal Data (Privacy) Ordinance

12. Liability and Indemnity: Sets out liability limitations and indemnification obligations

13. Termination: Specifies circumstances and procedures for ending the agreement

14. General Provisions: Standard boilerplate clauses including notices, assignment, and governing law

Optional Sections

1. Service Levels: Include when specific performance metrics need to be maintained

2. Change Control: Include for complex services where scope changes are likely to be needed

3. Force Majeure: Include when services might be affected by events beyond parties' control

4. Non-Competition: Include when protecting against competitive activities is necessary

5. Insurance: Include when specific insurance coverage requirements exist

6. Audit Rights: Include when client needs rights to audit service provider's performance or compliance

7. Business Continuity: Include for critical services requiring disaster recovery planning

8. Staff and Subcontracting: Include when restrictions on personnel or subcontracting are needed

Suggested Schedules

1. Schedule 1 - Service Description: Detailed specifications of services including methodologies and deliverables

2. Schedule 2 - Fee Schedule: Detailed breakdown of fees, rates, and payment terms

3. Schedule 3 - Service Levels: Specific performance metrics, measurement methods, and remedies

4. Schedule 4 - Key Personnel: List of key staff members assigned to provide the services

5. Schedule 5 - Data Processing Requirements: Detailed data handling and privacy protection procedures

6. Appendix A - Change Request Form: Template for requesting and documenting service changes

7. Appendix B - Report Templates: Standard formats for required service reports

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions









































Clauses







































Relevant Industries

Professional Services

Information Technology

Financial Services

Consulting

Business Process Outsourcing

Healthcare

Education

Real Estate

Manufacturing

Logistics

Marketing and Advertising

Legal Services

Relevant Teams

Legal

Procurement

Operations

Finance

Compliance

Risk Management

Business Development

Commercial

Project Management

Account Management

Service Delivery

Administrative

Relevant Roles

Chief Executive Officer

Chief Operating Officer

Chief Financial Officer

Commercial Director

Procurement Manager

Contract Manager

Legal Counsel

Business Development Manager

Operations Manager

Project Manager

Finance Manager

Compliance Officer

Risk Manager

Account Manager

Service Delivery Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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