Are you thinking of entering into a contract? Get a written agreement
There is a whole list of reasons why one should consider getting a written agreement whenever they want to enter into a contract. On the other hand, one doesn’t just sign the contract agreement because it has been presented to them. First, you should read and understand everything that is stated in the contract. This agreement is one that defines the parameters of your working relationship and everything should be clearly stated. Below are some guidelines that should help you to initiate and maintain a partnership which is satisfying to you and your employer;
Written agreements help you stay profitable
In case of future misunderstandings, an agreement which has been well drafted will help solve things amicably. You should ensure that you clearly define all of your responsibilities and all of your fees. If you are an employee who is paid a flat fee, then you will want to consider enumerating your obligations. This will avoid you ending up doing work which may cost you money as well as time. For instance, if you are employed as a computer software developer and you are working as a consultant, then you can use the agreement. It will be the one which will limit your work to a software developer and will exclude all the other works such as program testing.
Define when and how you are paid
In most cases, you will find that a consultant will negotiate a standard up-front retainer. They will then specify a timetable in which they get paid. In the event that they are not paid on time, then there is no work which proceeds. Those payment arrangements which are specifically defined will ensure your client clearly understands when payment should be done. They will also make sure that you as their consultant, you are paid without any delay.
It helps to avoid costly litigation processes
Commercial Litigation is a very expensive affair to engage in. Whenever you are signing a written agreement, there should be a clause which addresses on how the various disputes will be handled. This will save you and your client all the fees that will be paid to the lawyer as well as other costs incurred in the court. It will also save you time which could have been wasted during the lengthy proceedings.
Clarify intellectual property ownership
one may be entitled to ownership of copyrights as well as patents for all of their efforts. However, when you are an employee, all of your copyright ownership usually belong to the company which has employed you. As a consultant, you will retain the ownership of any intellectual property developed by the consultancy.
Finally, one should ensure that their agreement has been checked by a lawyer before using it. A Small Business Attorney Services will review and finalize on your agreement document.
See more Contract Law companies right here:
- Panakos Law
555 W Beech St, San Diego, CA 92101, USA
- Gehres Law Group
4275 Executive Square #200, La Jolla, CA 92037, USA
- Ortega Business Law Firm
12636 High Bluff Drive, Suite 400
San Diego, CA 92130
- San Diego Business Law
445 Marine View Ave, Del Mar, CA 92014, USA