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payroll template

Outsource HR Payroll Service Agreement

This agreement was made and entered into on February 27, 2023 between [name of company] (hereinafter referred to as “Company”) and [name of HR Payroll Outsourcing Company] (hereinafter referred to as “Outsourcer”). WHEREFORE, Outsourcer provides HR and payroll services, and Company requires them; THEREFORE, the parties hereby agree as follows in consideration of the mutual covenants and promises set forth below:

1. Services: Outsourcer shall provide all necessary services related to HR and payroll, including but not limited to:

  1. Processing payroll, including the processing of new hires, terminations, and other changes in payroll;
  2. Calculating and preparing tax payments;
  3. Processing of benefits and retirement contributions;
  4. Preparation of reports related to payroll and HR functions;
  5. Any other HR and payroll services as mutually agreed upon by the parties.

2. Fees: The Company shall pay Outsourcer a fee for services rendered in accordance with the terms of this Agreement. The fee shall be [amount] per month, payable on the first day of each month.

3. Term: This Agreement shall commence on February 27, 2023 and shall remain in effect for a period of [length of term], unless earlier terminated by either party upon [length of notice].

4. Termination: Either party may terminate this Agreement upon [length of notice] if the other party breaches any of its obligations under this Agreement.

5. Indemnification: Outsourcer shall indemnify and hold Company harmless from any and all claims, losses, damages, or liabilities arising out of or related to Outsourcer’s services provided under this Agreement.

6. Miscellaneous:

  1. This agreement shall be governed by the laws of the state.
  2. This agreement constitutes the entire agreement between the parties.
  3. This agreement may not be modified or amended except in writing and signed by both parties.

In witness thereto, the parties have executed this agreement as of the date first written above.

[Name of Company]

[Name of HR Payroll Outsourcing Company]