Security Provision Agreement A Security Provision Agreement outlines terms for providing security services, specifying security requirements, responsibilities, and fees, often used in security and protection industries.
1.1. Security Services
Service Provider hereby agrees to provide the security services (the "Services") described in Exhibit A attached hereto and incorporated herein by this reference. The Services shall be provided at the location(s) specified in Exhibit A ("Premises").
Service Provider shall provide trained and qualified personnel to perform the Services. Service Provider shall ensure that all personnel comply with the requirements of this Agreement, applicable laws, and any rules and regulations established by Client.
Service Provider shall perform the Services in a competent, professional, and diligent manner, consistent with industry standards, and in accordance with all applicable federal, state, and local laws, rules, and regulations.
Client shall cooperate with Service Provider and provide access to the Premises as reasonably necessary for the performance of the Services. Client shall provide such information and assistance as Service Provider may reasonably request in order to provide the Services.
Client shall pay Service Provider for the Services at the rates set forth in Exhibit B attached hereto and incorporated herein by this reference.
4.2. Invoices and Payment
Service Provider shall invoice Client monthly for Services provided. Client shall pay each invoice within thirty (30) days of receipt. All payments shall be made in United States Dollars.
This Agreement shall commence on the date first above written and shall continue for a period of one (1) year ("Initial Term"), unless earlier terminated in accordance with the terms hereof. This Agreement shall automatically renew for additional one (1) year periods (each a "Renewal Term") unless either party provides written notice of non-renewal at least thirty (30) days prior to the expiration of the then-current term.
5.2. Termination for Convenience
Either party may terminate this Agreement for any reason upon thirty (30) days' written notice to the other party.
5.3. Termination for Cause
Either party may terminate this Agreement for cause if the other party breaches a material term of this Agreement and fails to cure such breach within thirty (30) days of receipt of written notice specifying the breach.
Each party shall maintain in strict confidence all confidential and proprietary information of the other party disclosed or obtained in connection with this Agreement ("Confidential Information"), and shall not disclose or use such Confidential Information without the disclosing party's prior written consent, except as necessary to perform its obligations under this Agreement.
Each party shall indemnify, defend, and hold harmless the other party, its employees, and agents from and against any and all claims, liabilities, damages, and expenses (including, without limitation, reasonable attorneys' fees and costs) arising out of or resulting from the indemnifying party's breach of this Agreement or its negligence or willful misconduct.
IN NO EVENT SHALL EITHER PARTY BE LIABLE FOR ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL, EXEMPLARY, PUNITIVE, OR SPECIAL DAMAGES ARISING IN CONNECTION WITH THIS AGREEMENT, EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
This Agreement shall be governed by and construed in accordance with the laws of the United States and the State of [State], without giving effect to any conflict of laws principles. Any legal action or proceeding arising under or in connection with this Agreement shall be brought exclusively in the state or federal courts located in [County], [State], and the parties hereby consent to the personal jurisdiction and venue thereof.
This Agreement, together with its Exhibits, contains the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior oral and written agreements, understandings, and negotiations between the parties with respect thereto.
No amendment, modification, or waiver of any provision of this Agreement shall be effective unless it is in writing and signed by both parties.
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In this Security Provision Agreement, you will see the following sections:
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