Annual Maintenance Contact for Maintenance Service Provider (Legal Assistant)

1 min


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Relevance of The Draft:

An annual maintenance contract (AMC) is an agreement with a service provider for repair and maintenance of property used by your company. The service can be of any property owned by your company from the large manufacturing machines creating your products down to the computers and printers used in your offices.

Common AMC provisions across all industries:

-Name and address of parties

-Details of equipment under the contract

-Expectations (number of visits)

-Comprehensive or non-comprehensive

-Timeline

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-Requirements

-Price

-Payment terms

-Penalty clause

-What is not included

-Termination of contract

-Signature and seal

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3
3 points