Service Agreement - Bookkeeping (India)

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This Bookkeeping Services Agreement is designed for use in India. This form is ready for immediate download.

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This Bookkeeping Services Agreement is between a business owner/client and an individual who will perform bookkeeping or accounting services. This agreement sets forth the terms and conditions of the arrangement and affirms that an employer/employee relationship is not created. A written Bookkeeping Services Agreement will prove beneficial in the event of disagreements or misunderstandings.

Among others, these important provisions are included in this agreement:
  • Parties: This provision contains the identity and names of the parties entering into the agreement;
  • Services: Sets out the specific and detailed services to be performed;
  • Time of Completion and Payment: Sets forth the specific timeframe in which the services will be performed and the manner of payment for services or any additional expenses;
  • Confidentiality: The confidential information of the business is not to be disclosed by the service provider.

Protect yourself, your rights and your business by using our professionally prepared up-to-date forms.

This lawyer-prepared packet includes:
  1. General Information
  2. Instructions and Checklist
  3. Bookkeeping Services Agreement for use in India
Law Compliance: This form complies with the laws of the states and territories of India
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Bookkeeping Services Agreement
(India)

 

 
This Service Agreement (the “Agreement”) is dated as of ___________________________, 20____, by and between _____________________________________________________ (“Contractor”) and _________________________________________________________ (“Client”) (collectively the “Parties”).
 
The Parties agree as follows:
 
1.  SERVICES:  The Client hereby engages the Contractor to provide accounting and bookkeeping services for the Client. The services to be rendered by Contractor will include: preparation of billing statements, collection of accounts receivables, payment of association bills, reconciliation of Clients bank statements, preparation of unaudited financial statements, assistance with independent auditor for preparation of audit report, general ledger audit, journal entries, monthly financials, bank reconciliations, payroll recording, general record retention, ________________________________________________ [add or delete any items] (hereinafter referred to as “Services”).
 
 
2.  TIME OF COMPLETION:  (Mark the applicable provision):
 
   The services described above shall be commenced on or before _________________, 20__, and shall be substantially completed by ______________________, 20__.  Time is of the essence.
 
   The services described above are ongoing, and shall be completed _______________ (e.g. weekly, bi-weekly, daily, etc.).
 
3.  PAYMENT:  (Mark the applicable provision):
 
   The Client shall pay the Contractor for the material and labour to be performed under the Agreement the sum of  ________________________Rupees (Rs.__________).  (This is more appropriate for a one-time project)
 
   The Client shall pay the Contractor _________________________ Rupees (Rs.__________) per ___________.  ( e.g. week, month, per session, etc.--this is more appropriate for ongoing services)
 
The payments shall be paid in the following manner: ________________________________________________________________________________________________________________________________________________________________________________________________________________________
(Here you will need to describe how the payments will be made.  Will you make the payments weekly, at the completion of the project, etc.)
 
 
 
4.  Other Expenses:  The Client shall reimburse the Contractor for the following expenses only:_______________________________________________________________________ ______________________________________________________________________________________________________________________________________________________(If none, write “none.)
 
5.   Financial Information:
 
(a)  Client shall have the sole responsibility to provide updated and accurate financial information to the Contractor. The Client will be responsible for all costs, expenses, and lawyers fees incurred in an independent financial review for the purpose of correcting financial data of the Client.
 
(b)    Parties agree all materials and information furnished to Contractor are owned by Client and Client will hold harmless, protect and defend Contractor from any claim or action which may arise from the use of such materials and information.
 
6.   Ownership:
 
The financial statements, financial reports and any other documents that the Contractor prepares for the Client hereunder shall be the sole property of the Client. Any other documents created by Contractor, including general working papers and draft documents will remain the property of Contractor at all times. Upon termination of this Agreement the Contractor shall be entitled to retain all documents and any other information until payment in full of all outstanding fees.
 
 
7. Work For Hire:
 
The Work contributed by Contractor hereunder shall be considered a work made for hire. Client shall be the sole and exclusive owner and copyright proprietor of all rights and title in and to the Work of Contractor in whatever stage of completion. If for any reason the results and proceeds of Contractor services hereunder are determined at any time not to be a work made for hire, Contractor hereby irrevocably transfer and assign to us all right, title and interest therein, including all copyrights, as well as all renewals and extensions thereto.8. Confidentiality:
 
Contractor acknowledges that he/she may receive or have access to information which relates to the Client, its operations, clientele or any other information concerning the business of the Client including but not limited to the names of its customers, phone numbers, e-mail addresses, marketing strategies, pending projects and proposals, and other proprietary information (the "Proprietary Information"). The Contractor further agrees not to disclose or communicate Proprietary Information in any way whatsoever. The Contractor acknowledges that the information described in this clause is material to the profitability of the Client. The Proprietary Information shall not include information that is already in the public domain or by way of brochures, newsletters or other media that may be released to the public by the Client from time to time.
 
 
9. Representations and Warranties
 
Contractor represents and warrants to the Client that:
 
(a)  It has the authority to perform its obligations under the Agreement;
 
(b) It has the necessary skills, experience and resources and is properly qualified to complete the Work to a marketable standard.
 
(c)  Contractor must immediately inform the Client of any matter that may at any time give rise to an actual or potential conflict of interest under this Agreement.
 
(d) The services to be provided under this Agreement are fit for their intended purpose.
 
10.  General Provisions:
 
(a)  Contractor will perform all services hereunder in accordance with generally accepted accounting practices and principles. Contractor acknowledges that all services provided will be of professional and workmanlike quality and will be provided within a reasonable time.
 
(b)  To the extent required by law all work shall be performed by individuals duly licenses and authorised by law to perform the work.
 
(c)  Contractor warrants that it is adequately insured for injury to its employees and others incurring loss or injury as a result of the acts of Contractor or its employees.
 
(d)  In the event Client shall fail to pay any periodic or instalment payment due hereunder, Contractor may cease work without breach pending payment or resolution of dispute.
 
(e)  Contractor shall not be liable for any delay due to circumstance beyond its control.
 
(f)  Contractor is an independent contractor and not an employee of Client.
 
(g)  Any changes to this document must be signed by both Contractor and Client.
 
(h) This Agreement shall be construed in accordance with the laws of India.        
 
(i) Neither the Client nor the Contractor may assign this Agreement without prior written consent from the non-assigning party.
 
(j) The headings of the sections herein are for convenience only, and shall not affect the meaning of the provisions of this Agreement.
 
(k) This Agreement constitutes the entire agreement between the Client and the Contractor, and supersedes any prior understanding or representation of any kind preceding the date of this Agreement.  There are no other promises, conditions, understandings or other agreements, whether oral or written, relating to the subject matter of this Agreement.
 
(l) If any part of this contract is deemed invalid, illegal or unenforceable, the remaining provisions of this contract will remain valid and enforceable as to both parties.
 
(m) In the event that it becomes necessary to enforce any of the terms of this Agreement, the defaulting party agrees to pay all reasonable lawyers' fees and costs incurred therein.
 
 
CLIENT:                        CONTRACTOR:
 
_______________________________      ______________________________
Signature                        Signature
 
_______________________________      ______________________________
Name (please print)                  Name (please print)
 
_______________________________      ______________________________
Title (if applicable)                  Title (if applicable)
Number of Pages8
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#38611
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Bookkeeping Services Agreement
(India)

 

 
This Service Agreement (the “Agreement”) is dated as of ___________________________, 20____, by and between _____________________________________________________ (“Contractor”) and _________________________________________________________ (“Client”) (collectively the “Parties”).
 
The Parties agree as follows:
 
1.  SERVICES:  The Client hereby engages the Contractor to provide accounting and bookkeeping services for the Client. The services to be rendered by Contractor will include: preparation of billing statements, collection of accounts receivables, payment of association bills, reconciliation of Clients bank statements, preparation of unaudited financial statements, assistance with independent auditor for preparation of audit report, general ledger audit, journal entries, monthly financials, bank reconciliations, payroll recording, general record retention, ________________________________________________ [add or delete any items] (hereinafter referred to as “Services”).
 
 
2.  TIME OF COMPLETION:  (Mark the applicable provision):
 
   The services described above shall be commenced on or before _________________, 20__, and shall be substantially completed by ______________________, 20__.  Time is of the essence.
 
   The services described above are ongoing, and shall be completed _______________ (e.g. weekly, bi-weekly, daily, etc.).
 
3.  PAYMENT:  (Mark the applicable provision):
 
   The Client shall pay the Contractor for the material and labour to be performed under the Agreement the sum of  ________________________Rupees (Rs.__________).  (This is more appropriate for a one-time project)
 
   The Client shall pay the Contractor _________________________ Rupees (Rs.__________) per ___________.  ( e.g. week, month, per session, etc.--this is more appropriate for ongoing services)
 
The payments shall be paid in the following manner: ________________________________________________________________________________________________________________________________________________________________________________________________________________________
(Here you will need to describe how the payments will be made.  Will you make the payments weekly, at the completion of the project, etc.)
 
 
 
4.  Other Expenses:  The Client shall reimburse the Contractor for the following expenses only:_______________________________________________________________________ ______________________________________________________________________________________________________________________________________________________(If none, write “none.)
 
5.   Financial Information:
 
(a)  Client shall have the sole responsibility to provide updated and accurate financial information to the Contractor. The Client will be responsible for all costs, expenses, and lawyers fees incurred in an independent financial review for the purpose of correcting financial data of the Client.
 
(b)    Parties agree all materials and information furnished to Contractor are owned by Client and Client will hold harmless, protect and defend Contractor from any claim or action which may arise from the use of such materials and information.
 
6.   Ownership:
 
The financial statements, financial reports and any other documents that the Contractor prepares for the Client hereunder shall be the sole property of the Client. Any other documents created by Contractor, including general working papers and draft documents will remain the property of Contractor at all times. Upon termination of this Agreement the Contractor shall be entitled to retain all documents and any other information until payment in full of all outstanding fees.
 
 
7. Work For Hire:
 
The Work contributed by Contractor hereunder shall be considered a work made for hire. Client shall be the sole and exclusive owner and copyright proprietor of all rights and title in and to the Work of Contractor in whatever stage of completion. If for any reason the results and proceeds of Contractor services hereunder are determined at any time not to be a work made for hire, Contractor hereby irrevocably transfer and assign to us all right, title and interest therein, including all copyrights, as well as all renewals and extensions thereto.8. Confidentiality:
 
Contractor acknowledges that he/she may receive or have access to information which relates to the Client, its operations, clientele or any other information concerning the business of the Client including but not limited to the names of its customers, phone numbers, e-mail addresses, marketing strategies, pending projects and proposals, and other proprietary information (the "Proprietary Information"). The Contractor further agrees not to disclose or communicate Proprietary Information in any way whatsoever. The Contractor acknowledges that the information described in this clause is material to the profitability of the Client. The Proprietary Information shall not include information that is already in the public domain or by way of brochures, newsletters or other media that may be released to the public by the Client from time to time.
 
 
9. Representations and Warranties
 
Contractor represents and warrants to the Client that:
 
(a)  It has the authority to perform its obligations under the Agreement;
 
(b) It has the necessary skills, experience and resources and is properly qualified to complete the Work to a marketable standard.
 
(c)  Contractor must immediately inform the Client of any matter that may at any time give rise to an actual or potential conflict of interest under this Agreement.
 
(d) The services to be provided under this Agreement are fit for their intended purpose.
 
10.  General Provisions:
 
(a)  Contractor will perform all services hereunder in accordance with generally accepted accounting practices and principles. Contractor acknowledges that all services provided will be of professional and workmanlike quality and will be provided within a reasonable time.
 
(b)  To the extent required by law all work shall be performed by individuals duly licenses and authorised by law to perform the work.
 
(c)  Contractor warrants that it is adequately insured for injury to its employees and others incurring loss or injury as a result of the acts of Contractor or its employees.
 
(d)  In the event Client shall fail to pay any periodic or instalment payment due hereunder, Contractor may cease work without breach pending payment or resolution of dispute.
 
(e)  Contractor shall not be liable for any delay due to circumstance beyond its control.
 
(f)  Contractor is an independent contractor and not an employee of Client.
 
(g)  Any changes to this document must be signed by both Contractor and Client.
 
(h) This Agreement shall be construed in accordance with the laws of India.        
 
(i) Neither the Client nor the Contractor may assign this Agreement without prior written consent from the non-assigning party.
 
(j) The headings of the sections herein are for convenience only, and shall not affect the meaning of the provisions of this Agreement.
 
(k) This Agreement constitutes the entire agreement between the Client and the Contractor, and supersedes any prior understanding or representation of any kind preceding the date of this Agreement.  There are no other promises, conditions, understandings or other agreements, whether oral or written, relating to the subject matter of this Agreement.
 
(l) If any part of this contract is deemed invalid, illegal or unenforceable, the remaining provisions of this contract will remain valid and enforceable as to both parties.
 
(m) In the event that it becomes necessary to enforce any of the terms of this Agreement, the defaulting party agrees to pay all reasonable lawyers' fees and costs incurred therein.
 
 
CLIENT:                        CONTRACTOR:
 
_______________________________      ______________________________
Signature                        Signature
 
_______________________________      ______________________________
Name (please print)                  Name (please print)
 
_______________________________      ______________________________
Title (if applicable)                  Title (if applicable)

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