How an Information Services Business Hired a Lawyer to Draft a Service Agreement in New Mexico (2022)

In 2022, a business in New Mexico sought assistance with drafting a service agreement to facilitate their operations in helping clients retrieve unclaimed property. The client aimed to ensure compliance with state regulations, which necessitate a clearly defined agreement outlining the nature of the property, property identification numbers, services to be rendered, and the valuation of properties before and after deducting any fees. This careful documentation was essential to establish transparent terms for both the clients and the business. As a result, the client received one proposal from a licensed lawyer, with a flat fee bid of $1,250. This proposal was submitted promptly to meet the client's deadline, ensuring the business could proceed without delay in its operations.