Service Contract
/ˈsɜːrvɪs ˈkɒntrækt/
Definitions
- (n.) A legally binding agreement in which one party agrees to perform specific services for another in exchange for compensation.
The company entered into a service contract to maintain the client’s IT systems.
- (n.) A contract governing ongoing provision of services rather than sale of goods.
The service contract ensures regular maintenance and repair of the equipment.
Forms
- service contract
- service contracts
Related terms
See also
Commentary
Service contracts often emphasize the performance of duties over a period, distinguishing them from contracts for goods; clear specification of service scope and payment terms is critical.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.