Service Agreement Format Sri Lanka

SERVICE AGREEMENT

Document ID: TR-SRV-2026-001
Effective Date: [____/____/2026]

Instructions for Use

• Completion: This document must be completed by the Authorized Representatives of both the Client and the Service Provider. Ensure all fields are filled to avoid ambiguity in performance obligations.
• Retention: Both parties shall retain a fully executed original copy of this Agreement for a period of no less than seven (7) years following the expiration or termination of the engagement for audit and tax purposes.
• Attachments: Mandatory attachments include: (A) Detailed Scope of Work (SOW), (B) Fee Schedule, and (C) Non-Disclosure Agreement (NDA).

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1. PARTIES

This Agreement is entered into by and between:

Client: [____________]
Address: [____________]
Company Registration No (SL): [____________]

Service Provider: [____________]
Address: [____________]
Company Registration No (SL): [____________]

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2. SERVICES

The Service Provider agrees to perform the services as defined in the attached SOW:

• Services Description: [____________]
• Service Location: [____________]
• Standard of Performance: All services shall be performed in a professional manner consistent with prevailing industry standards in Sri Lanka.

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3. TERM AND TERMINATION

• Initial Term: Begins on [____/____/2026] and ends on [____/____/2026].
• Termination for Convenience: Either party may terminate this agreement with [____] days written notice.
• Termination for Cause: Either party may terminate immediately upon written notice if the other party breaches a material term of this agreement.

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4. PAYMENT TERMS

• Total Contract Value: LKR [____________]
• Payment Schedule: [ ] Upfront | [ ] Milestone-based | [ ] Monthly
• Invoicing: Invoices shall be submitted to [____________]. Payment is due within [____] days of invoice receipt.

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5. INTELLECTUAL PROPERTY & CONFIDENTIALITY

• Work Product: All work product created specifically for the Client shall be considered "work for hire" and ownership shall vest with the Client upon full payment.
• Confidentiality: Both parties agree to maintain the confidentiality of all proprietary information disclosed during the term of this agreement.

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6. GOVERNING LAW AND DISPUTE RESOLUTION

This Agreement shall be governed by and construed in accordance with the laws of the Democratic Socialist Republic of Sri Lanka. Any disputes arising out of this agreement shall be subject to the exclusive jurisdiction of the courts of [____________].

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7. EXECUTION

In witness whereof, the parties have executed this Agreement as of the Effective Date.

FOR THE CLIENT
Signature: __________________________
Printed Name: [____________]
Title: [____________]
Date: [____/____/2026]

FOR THE SERVICE PROVIDER
Signature: __________________________
Printed Name: [____________]
Title: [____________]
Date: [____/____/2026]

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Disclaimer: This document is provided as a standardized framework. Consult qualified legal counsel for jurisdiction-specific statutory compliance.