Bilateral Service Agreement

A Bilateral Service Agreement is a formal contract between two parties—such as companies or organizations—that outlines the terms for providing specific services to each other. It details each party’s responsibilities, the scope of services, deadlines, and payment terms. This agreement ensures both sides have clear expectations, helps prevent misunderstandings, and provides legal protection in case issues arise. Essentially, it serves as a mutually agreed-upon roadmap for how the service relationship will proceed, fostering transparency and commitment.