A Maintenance Agreement is a contract between a service provider and a client that outlines the terms for ongoing maintenance services. These agreements typically specify the frequency of service, the types of maintenance covered, and the costs involved. They are commonly used for equipment, buildings, and vehicles to ensure they remain in good working condition. By having a Maintenance Agreement, clients can benefit from regular inspections and timely repairs, which can prevent larger issues from developing. This proactive approach helps extend the lifespan of assets and can lead to cost savings over time, making it a valuable investment for both individuals and businesses.