Service Agreement

This Service Agreement (“Agreement”) is entered into as of the date of last signature below (“Effective Date”) between the [COMPANY] (“University”), and       (“Sponsor”).

Whereas, the parties agree as follows:

Statement of Work

The Sponsor desires to have the University undertake a service project entitled “     ” (“Project”), in accordance with the scope of work described in Attachment A. The University agrees to use reasonable effort to perform the Project. The Sponsor acknowledges that the University makes no express or implied warranties for results of the Project.

Principal Investigator

The Project will be supervised by       (“Principal Investigator”). If for any reason he/she is unable to continue to serve as principal investigator and a successor acceptable to both the University and the Sponsor, is not available, this Agreement may be terminated as provided in Section 6.

Period of Performance

The period of performance of the Project shall commence on the Effective Date and end after       months. The period of performance may be extended by mutual written agreement of the parties. This Agreement shall expire ninety (90) days after the Term ends. Terms which by their nature are intended to survive shall not be affected by expiration or termination of this Agreement.

Project Costs

The Sponsor shall pay the University the amount of $      (U.S. Dollars) for completion of the Project. A detailed budget is provided in Attachment B. While it is estimated that this amount is sufficient to conduct the Project, the University may submit to the Sponsor a revised budget requesting additional funds. The Sponsor is not liable for any cost in excess of the amount specified herein without written authorization from the Sponsor.

Payment Schedule

Invoices shall be submitted to:

[insert invoice contact and address]