This Terms of Service Agreement (the "Agreement") is entered into by and between Onn Point Advisory (referred to as The Company), and the person(s) name and business listed on the contract (referred to as The Client) collectively referred to as the "Parties".
WHEREAS, The Company provides bookkeeping services to businesses; and
WHEREAS, the Client desires to engage the Onn Point Advisory services under the terms and conditions herein.
NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, the Parties agree as follows:
The Company agrees to provide professional bookkeeping services to the Client, which may include but are not limited to: organizing financial records, processing financial transactions, maintaining accurate ledgers, reconciling bank accounts, generating financial reports, and conducting other related tasks as determined necessary by the Company.
The initial term of this Agreement shall commence on the date of signing and continue for a period of one (1) year ("Initial Term"). Upon expiration of the Initial Term, this Agreement will automatically renew for successive one (1) year periods (each a "Renewal Term") unless terminated in accordance with the terms of this Agreement or by either Party providing written notice of termination at least thirty (30) days prior to the expiration of the then-current term.
The Client agrees to pay the Company the fees as set forth in the attached Fee Schedule, which is incorporated by reference into this Agreement. The fees are payable in advance for each month of service, and payment shall be made by the Client to the Company within [number of days] days of the invoice date. Late payments may be subject to additional charges, such as interest or penalties, as specified in the Fee Schedule.
The Company and its staff shall maintain the confidentiality of all Client information disclosed in connection with the provision of bookkeeping services. The Client also agrees to maintain the confidentiality of any proprietary or confidential information shared by the Company.
The Client acknowledges and agrees that the Company's liability for any claims arising out of or related to the performance of its bookkeeping services shall be limited to the amount paid by the Client to the Company for the services rendered in the three (3) months prior to the claim.
Either Party may terminate this Agreement upon a material breach by the other Party, provided reasonable notice is given in writing to allow for an opportunity to cure the breach. In the event of termination, the Client shall be liable for payment of all fees for services rendered up until the effective date of termination.
Any intellectual property, including but not limited to software, methodologies, or techniques, used by the Company in the provision of its services shall remain the property of the Company and shall not be reproduced, distributed, or used without prior written consent.
This Agreement and any dispute arising out of or in connection with it shall be governed by and construed in accordance with the laws of California, without regard to its conflict of laws principles.
This Agreement constitutes the entire understanding between the Client and the Company and supersedes any prior agreements, whether written or oral, relating to the subject matter hereof.