Professional Services Contract (PSC)

A Professional Services Contract (PSC) is a formal agreement between a client and a service provider—like a consultant, lawyer, or accountant—that outlines the scope of work, deliverables, timelines, and payment terms. It ensures both parties understand their responsibilities and expectations, providing legal protection and clarity. PSCs are common in specialized fields where services are provided based on expertise rather than physical products. They help manage risks, set performance standards, and facilitate smooth collaboration by clearly defining the terms of the professional relationship.