Maintenance Agreement

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Maintenance agreements are legal contracts.
Maintenance agreements are legal contracts. (Image: contract 20309 image by pablo from Fotolia.com)

Maintenance agreements govern the repair of any type of equipment. These legal agreements also contain cost and purchasing information.

Repairs or Service

Maintenance agreements are technically contracts that detail either the repair of or service to any type of equipment.

Cost

Maintenance agreements include information about the annual cost of repairs that are necessary to maintain the equipment; the maintenance agreement itself may also carry a cost.

Parties

Maintenance agreements are contracts between two people or businesses. For example, there can be a maintenance agreement between a property owner and his local government regarding water maintenance.

Scheduled Maintenance

Maintenance agreements set forth specific times when the designated maintenance will take place. Most maintenance agreements require yearly inspections and maintenance repairs or services.

Problems

A maintenance agreement will also set forth what happens if the contractual agreement is not met. This could mean extra costs or liens against property.

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