Services Terms & Conditions
KRIZTEK PROJECT MANAGEMENT SERVICES TERMS AND CONDITIONS
1. INTRODUCTION
This document (hereinafter referred to as the "Agreement") is entered into by and between KrizTek, a duly registered project management services provider (hereinafter referred to as "KrizTek"), and the Client, collectively referred to as the "Parties." This Agreement outlines the terms and conditions governing the provision of Project Management Services by KrizTek to the Client.
2. SCOPE OF SERVICES
2.1 KrizTek agrees to provide comprehensive Project Management Services to the Client as mutually agreed upon in a separate Statement of Work (SOW) or proposal.
2.2 The Project Management Services may include but are not limited to project planning, scheduling, risk management, resource allocation, progress tracking, and reporting.
3. DURATION OF SERVICES
3.1 The term of this Agreement shall commence on the Effective Date and continue until the completion of the Project Management Services, unless terminated earlier by either Party in accordance with the terms of this Agreement.
3.2 The Parties may agree to extend the duration of the Project Management Services through written consent.
4. FEES AND PAYMENT
4.1 In consideration for the Project Management Services, the Client agrees to pay KrizTek the fees outlined in the SOW or proposal.
4.2 Payment terms, including invoicing frequency and due dates, shall be as specified in the SOW or proposal.
4.3 Late payments may incur interest at a rate of 3% per month.
5. CLIENT RESPONSIBILITIES
5.1 The Client agrees to provide timely and accurate information to KrizTek necessary for the provision of Project Management Services.
5.2 The Client shall designate a project representative with the authority to make decisions on behalf of the Client.
6. CONFIDENTIALITY
6.1 Both Parties agree to maintain the confidentiality of all non-public information obtained during the term of this Agreement.
6.2 Confidential information includes, but is not limited to, project plans, financial information, and any proprietary data shared between the Parties.
7. TERMINATION
7.1 Either Party may terminate this Agreement upon written notice to the other Party for a material breach of the terms outlined herein, unless the breaching Party cures the breach within 10 business days of receiving notice.
7.2 Either Party may terminate this Agreement with or without cause upon 10 business days' written notice.
8. INTELLECTUAL PROPERTY
8.1 Any deliverables, reports, or other work product created by KrizTek in the course of providing Project Management Services shall be the property of the Client upon full payment of all fees.
9. LIMITATION OF LIABILITY
9.1 KrizTek's liability for any claim arising out of or related to this Agreement shall be limited to the total fees paid by the Client under this Agreement.
10. GOVERNING LAW
10.1 This Agreement shall be governed by and construed in accordance with the laws of the jurisdiction in which KrizTek is domiciled.
11. MISCELLANEOUS
11.1 Any amendments or modifications to this Agreement must be in writing and signed by both Parties.
11.2 This Agreement constitutes the entire understanding between the Parties and supersedes all prior agreements, oral or written, between the Parties.