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While verbal agreements are enforceable, it is best to have Service Agreements in writing.

Creating a contract gives you the opportunity to outline expectations on both sides of the agreement. Contracts define the scope of the work, how much the job will cost, when payments need to be made, and how disputes are to be handled. If you do not have the agreement in writing, disagreements or misunderstandings may arise.

Yes.

Having executed a Service Agreement, both the parties are clear in terms of their expectations from what services would be offered, how the payment has to be paid, who will own the ownership rights, etc. This minises the chances of disputes, and goes a long way towards creating a healthy and long business relationship between the parties.

Yes, a service agreement can be modified after it is signed, provided that both parties agree to the changes in writing. Amendments or addendums can be added to the original agreement to reflect any mutually agreed-upon modifications to the terms and conditions of the service relationship.

If either party breaches the terms of the service agreement, the non-breaching party may have the right to seek legal remedies, such as damages or specific performance. The specific consequences of a breach will depend on the nature of the violation and the provisions outlined in the agreement's termination and dispute resolution clauses. In some cases, the parties may attempt to resolve the issue through negotiation or mediation before resorting to legal action.

A comprehensive service agreement should include the following key elements:

   - Scope of work and deliverables

   - Pricing and payment terms

   - Timeline and milestones

   - Intellectual property rights and confidentiality clauses

   - Termination conditions

   - Liability and indemnification provisions

   - Dispute resolution mechanisms

   - Governing law and jurisdiction