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This area of international transactions refers to providing professional or technologically advance performance of services. Thus, providing of international financial, accounting, management and legal service fall under this category. A deleopment contrantract between an engineering firm and a manufacturer may belong to this class as well. The term is also sometimes used to describe a formal contract of employment, particularly where the employee has high status, like a company director.

The term, ˇ°service contract,ˇ± also often describes a contract between two businesses, where one agrees to provide a specified service, like cleaning or running a staff canteen, to the other, or between a landlord and a tenant, where the landlord is going to provide services e.g heating, lift maintenance to the tenant.
 
 
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