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Flat Fee Contract Template for India

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Key Requirements PROMPT example:

Flat Fee Contract

"I need a Flat Fee Contract for IT consulting services to be provided by my software development company to a retail client, with a fixed price of INR 5,00,000 and project completion date of March 15, 2025, including specific clauses for source code ownership and technical specifications."

Document background
The Flat Fee Contract is designed for situations where services are provided for a predetermined fixed price, offering clarity and certainty in commercial relationships under Indian law. This document type is particularly useful when the scope of work is well-defined and both parties prefer to avoid the complexity of time-and-materials billing. The contract includes comprehensive provisions for payment terms, service delivery, and risk allocation, while ensuring compliance with Indian statutory requirements including GST and TDS provisions. It's structured to protect both parties' interests through clear deliverables, milestone-based payments, and dispute resolution mechanisms, making it suitable for various professional services across different industries. The agreement can be customized based on specific service requirements while maintaining its core structure as a Flat Fee Contract.
Suggested Sections

1. Parties: Identification and details of the service provider and client, including registered addresses and company registration numbers

2. Background: Context of the agreement and brief description of why the parties are entering into this contract

3. Definitions: Key terms used throughout the agreement and their specific meanings

4. Scope of Services: Detailed description of the services to be provided under the flat fee arrangement

5. Fee and Payment Terms: Specified flat fee amount, payment schedule, and payment methods

6. Timeline and Deliverables: Specific deadlines and deliverables associated with the services

7. Obligations of the Service Provider: Responsibilities and commitments of the service provider

8. Obligations of the Client: Responsibilities and commitments of the client

9. Term and Termination: Duration of the agreement and conditions for termination

10. Confidentiality: Provisions for handling confidential information

11. Intellectual Property Rights: Ownership and rights related to work products

12. Indemnification: Protection against losses and liability provisions

13. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes

14. Notices: Process and addresses for formal communications between parties

15. Entire Agreement: Confirmation that this document represents the complete agreement between parties

Optional Sections

1. Force Majeure: Include when parties want protection from unforeseeable circumstances preventing contract fulfillment

2. Non-Compete: Include when the service provider should be restricted from working with competitors

3. Non-Solicitation: Include when parties want to prevent poaching of employees or clients

4. Insurance: Include when specific insurance coverage requirements are needed

5. Assignment: Include when transfer of rights needs to be specifically addressed

6. Dispute Resolution: Include when parties want to specify arbitration or mediation before litigation

7. Service Level Agreement: Include when specific performance metrics need to be maintained

8. Change Control: Include when the scope of work might need formal modification procedures

Suggested Schedules

1. Schedule A - Scope of Work: Detailed breakdown of services, deliverables, and technical specifications

2. Schedule B - Fee Structure: Detailed breakdown of the flat fee, payment milestones, and any additional cost considerations

3. Schedule C - Timeline: Detailed project timeline, milestones, and delivery dates

4. Schedule D - Key Personnel: List of key team members and their roles from both parties

5. Appendix 1 - Service Standards: Specific quality standards and acceptance criteria for deliverables

6. Appendix 2 - Communication Protocol: Procedures for routine communications, escalations, and reporting

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

Information Technology

Management Consulting

Professional Services

Creative Industries

Engineering

Architecture

Legal Services

Financial Services

Construction

Education and Training

Marketing and Advertising

Research and Development

Relevant Teams

Legal

Finance

Procurement

Operations

Commercial

Compliance

Project Management Office

Business Development

Account Management

Service Delivery

Risk Management

Contract Administration

Relevant Roles

Legal Counsel

Contract Manager

Project Manager

Business Development Manager

Finance Manager

Procurement Manager

Operations Director

Chief Financial Officer

Managing Director

Compliance Officer

Commercial Manager

Account Manager

Service Delivery Manager

Department Head

Chief Executive Officer

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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