Common use of Definition of Charges Clause in Contracts

Definition of Charges. What charges are payable under this document? How should the time-based charging rates be described or specified? Will all the services be subject to time-based charging, or only some of the services? How are time-based charging units to be rounded? Definition of Deliverables What type of thing are the deliverables (e.g. written reports, software programs, graphical works)? Definition of Effective Date When will the contract come into force? Definition of Term Define "Term", the period during which the contract will subsist. Definition of Third Party Materials Must all third party materials incorporated into the deliverables be specifically identified in the specification of the deliverables or included subject to the parties' agreement? Clause 2: Credit Clause: Free documents licensing warning Optional element. Although you need to retain the credit, you should remove the inline copyright warning from this document before use. Clause 3: Term Clause 3.2 Is the term of the contract indefinite, or will it come to an end upon some agreed date, or upon the occurrence of a defined event? Upon what date will the contract terminate? Upon the occurrence of what event will the contract terminate? Clause 4: Services Clause 4.2 Optional element. Must the services meet any specified standard(s)? What standard(s) must the services meet? Clause 5: Deliverables Optional element. Clause 5.2 Optional element. Clause 5.3 Optional element. Is the obligation to supply deliverables in accordance with the agreed timetable: (i) absolute; or (ii) an obligation to use best endeavours; or (iii) an obligation to use reasonable endeavours? Clause 5.4