þjónustusamningi
þjónustusamningur (Icelandic for "service agreement") is a legal contract that establishes the terms and conditions under which a service provider delivers services to a client. These agreements are common in both the public and private sectors and cover a broad range of activities, from IT consulting and maintenance to construction, consulting and freelance work. The purpose of a þjónustusamningur is to protect the rights and responsibilities of both parties, clearly defining scope, compensation, deadlines and quality expectations.
Key provisions typically include a description of the services, milestones, payment schedule, duration and termination clauses.
An effective þjónustusamningur should be drafted with clear, unambiguous language to avoid misinterpretation. Parties normally negotiate