From Longman Business Dictionaryservice contractˈservice ˌcontract [countable]COMMERCE1an agreement between a company and a customer in which the company agrees to repair equipment the customer has bought or rented from itThe Revenue Service confirmed its award of a $1.4 billion service contract to AT&T.2an agreement between a company and one of its DIRECTORs, stating what the director will do, how much they will be paid etcSYNSERVICE AGREEMENTA director is likely to be restricted by his service contract from competing with his employer.3an agreement between a company and a customer, stating what product or service the company will provide, and any arrangements for delivery, payment etcSYNSERVICE AGREEMENTShop Television had a service contract to provide programming for the satellite television channel. → contract
