What is the purpose behind an Administrative Service Agreement?
In a service contract, the service provider administers a particular service for consideration. However, in an administrative services agreement, the service provider takes control of a large amount of, if not all, elements of the business division. An example of an administrative services agreement includes condominium associations that hire management companies to provide all services in the maintaining of the building.
Additionally, administrative services agreements can also alleviate the contracting party of many of the hassles and responsibilities of operating a complex business, while allowing the business to retain profits. Although an administrative services agreement can have many benefits, they are also complex and must be drafted to match needs and expectations.
Benefits of an administrative services agreement
- Outsourcing of necessary functions.
- Allows the rest of the company to focus on other tasks.
- Can potentially avoid litigation by having it drafted correctly.
How long does it take to have a custom Administrative Service Agreement?
Approximately 1-2 business days*
*Depending on Specifications
Why our firm to make your custom Administrative Service Agreement?
It is always a good idea to involve a legal professional to tailor or review your agreement beforehand. By having SG Law Group draft your administrative services agreement, the relationship intended by the parties will be achieved.
Hire an affordable, professional Attorney to properly draft a Contract that fits Your Needs Today!