Service Consideration

[Harsh Jindal]

When a sevice is considered as Provided or Agreed to be Provided?

AI Summary

Understanding When a Service is 'Provided' vs. 'Agreed to be Provided' Under Contract Terms A service is deemed 'provided' when the service provider delivers the service to the recipient and issues an invoice post-delivery. It is considered 'agreed to be provided' when there is an intention to deliver services in the future, typically formalized through memorandums of understanding or agreements. In such cases, an advance payment is often made by the potential service recipient to the prospective service provider.