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Accounting Services Agreement

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Prepared for:
[Client Company]

Prepared by:
[Sender Company]

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Accounting Services Agreement

This Accounting Service Agreement (hereinafter referred to as the "Agreement") is made for the purpose of rendering Accounting Services by [Sender Company] to [Client Company] and shall stand effective as of [Effective Date] (hereinafter referred to as the "Effective Date") 

by and between 

[Sender Company] (hereinafter referred to as "Company") residing at [Sender Company Address], [State] and 

[Client Company] (hereinafter referred to as the "Client") with the official address at [Client Company Address], [State]

Hereinafter, the Company and Client shall be collectively regarded as "Parties" and individually as "Party".

Now, therefore, in consideration of the foregoing and mutual promises and covenants herein the Agreement, both the parties hereby agree to abide by the following terms and conditions.

Terms and Conditions

1. Introduction

The Accounting Department has set out in this Agreement Company's basic terms and conditions of business (the “Terms”), which, together with the Proposal (together called “this Agreement”), will apply to all work undertakes for the Client with respect to this engagement. If there is any conflict between these Terms and Company's Proposal, then the Proposal shall prevail. For the purposes of the Terms, the Company includes its partners, employees, subcontractors, advisers, and all its related entities. 

2. Information

The quality of the Company's services will depend on full and timely instructions from the Client. The Company will rely on the accuracy and completeness of the information the Client provides them. The Company will not independently verify the information unless requested to do so as a term of this engagement. 

The Company shall be entitled to rely upon the accuracy of all information provided by the Client, or by others on their behalf, without independently verifying it. 

The Client shall retain responsibility for the use of, or reliance on, advice or recommendations supplied by us in the delivery of the services. 

The Client undertakes that, if anything occurs after the information is provided by the Client, to render such information untrue, unfair, or misleading, the Client will promptly notify the company and, if required by the Company, take all necessary steps to correct any announcement, communication or document issued which contains, refers to or is based upon, such information. 

Acknowledge that information made available by the Client, or by others on their behalf, or which is otherwise known by, partners or staff of the Company who are not engaged in the provision of the Services shall not be deemed to have been made available to the individuals within the Company who are engaged in the provision of the Services.

3. Delays

The Client will not hold the Company responsible for any failure or delay in connection with their engagement caused by any outside Company's control. This could include another person's actions or omissions. The Company's fees may reflect any additional cost that the Company incurs from such a delay. If the delay is substantial, the Client may terminate the Company's appointment.

4. Resources

To deliver the best work, the Company may require access to the Client's files, records, information technology systems, premises, and people. Other resources may be required to ensure timely approval, development, and sign-off of all project plans, specifications, accounts, and deliverables. The Company would require the Client to provide them with reasonable access to these resources without charge.

5. Disbursements

In addition to the Company's fees, the Client agrees to pay other reasonable extra expenses that it may incur in course of rendering the services. These may include copying/printing, call costs, and travel (but will exclude any input tax credit that the Company is entitled to claim). Details of all applicable disbursements will be itemized on the Company's fortnightly bills. 

The Company will charge the Client at Company's standard billing rate if they are required to produce documents or attend court as a result of this appointment at proceedings to which they are not a party. This may include reasonable legal fees incurred in responding to such requests. 

6. Estimates

The Company may provide the Client with an estimate of likely fees and costs. The final fees and costs may differ from the estimate. For example, the scope or nature of the appointment may change, or unforeseen circumstances may arise. Any estimate will be based on the information the Client has provided and may be given subject to assumptions. The Company will make its best efforts to inform the Client of any increased costs. 

7. Fees

The Company may review the quoted fees if the Client does not proceed with the Company's engagement within [Number of Days] days of the Proposal, or if the Company is still performing the services more than [Time Period] from the date of the Proposal. The time-based fees, if any, quoted in the Proposal or as separately quoted in a fee letter will remain in force until [Date] or [Date] (whichever occurs first) and may increase fees for work continuing past that date. 

8. Intellectual Property

The Company will not acquire any ownership rights over any information the Client provides them with. Except as provided below, on payment of all amounts, the Client owes the Company. However, the Client irrevocably grants to the Company a free worldwide license to use, copy, modify, adapt and exploit those deliverables, so long as doing so would not disclose any of the Client's confidential information. 

The processes, know-how, ideas, concepts, and techniques used and developed by the Company in the course of providing services to the Client are confidential to the Company. The Company retains sole and exclusive rights to them. 

The Company will also retain all copyright and other intellectual property rights in:
Data, designs, models, methodologies, analysis frameworks, leading practices, specifications, and other elements of the deliverables which the Company owned or developed before, or independently from, this appointment; and
All tools (and any enhancement, improvement, or other derivatives of those tools) including but not limited to the software and working paper. 

The Company will retain all interests in and rights to their working papers and other internal documents and information.

9. Arbitration

In the event of any dispute arising in and out of this Agreement between the Parties, it shall be resolved by Arbitration. There shall be [Number of Arbitrators] Arbitrators which shall be appointed by [Party Name]. The venue of Arbitration shall be [Venue/Location of Arbitration] and the seat shall be [State]. The Arbitrators' decision shall be final and will be binding on both the Parties. 

10. Termination

Unless otherwise specified in the proposal/engagement letter, the Initial Term of this Agreement is for a period of [Time Period] from the date that this Agreement as is accepted by the Parties.

Unless otherwise specified in the proposal/engagement letter, after the Initial Term of this Agreement, either of the Parties may terminate the engagement by giving [Time Period] written notice, or immediately in the case of a material breach by the other. If this happens, the Client agrees to pay Company fees and disbursements incurred up to the termination and for any work that the Company is required to undertake after the termination. 

If at any time during the Initial or Subsequent Term of this Agreement the Client ceases to use Company services or wish to terminate this agreement without notice, for any reason other than any material breach, the Client agrees to pay the Company the remaining fees due under this Agreement to the end of the Term, as a Termination Payment. The Termination Payment is to be calculated on the basis of the Fee Estimation as set out in the Proposal, or the previous [Time Period] actual charges, whichever is the greater.

11. Indemnity

The Company hereby agrees to indemnify the Client against any damages and losses as well as legal fees or any cost incurred as a direct consequence of the act or omission by the Company. The Client hereby agrees to indemnify the Company against any damages and losses which arise as a result of any act or omission on the part of the Client.

12. Confidentiality

The Parties understand that they are vulnerable to the sharing of information, or documentation, written or oral, that is considered confidential or unpublished in nature. Thus, by accepting this clause, the Parties shall agree to keep all confidential information obtained during this term of the Agreement as private without the written consent of the other Party, during and after the execution of this Agreement.

13. Miscellaneous

Governing Law: The Agreement herein shall be governed by and construed with the jurisdiction laws of the state of [State].
Notice: Any notice that is required by this Agreement shall be in writing and shall be given to the appropriate Partner by personal delivery or certified mail, postage prepaid, or any such delivery service provided.
Modifications: The terms mentioned herein in the Agreement shall not be reformed, modified, or changed without the prior written consent of the parties respectively.
Force Majeure: Neither of the Parties shall be liable for any failure in performance of any obligation under this Agreement due to causes beyond that Party's reasonable control (including and not limited to any pandemic, fire, strike, act, or order of public authority and other acts of God) during the pendency of such event.
Severability: In the event that any provision in this Agreement is held to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality or unenforceability will not affect any other provisions of this Agreement and all other provisions will remain in full force and effect.
Entirety: The parties acknowledge that this agreement set forth and represents the entire agreement between both parties. If the parties are willing to change/add/modify any terms, they shall be in writing and signed by both parties.

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Acceptance And Signature

IN WITNESS THEREOF, the Parties hereby agree to have executed this Accounting Services Agreement on the mentioned date.

[Sender Company]

[Client Company]

Signature

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