If you are freelancer, then you know the importance of contracts. This is the assurance that both parties get what they expect from each other. You as the freelance contractor will be required to deliver a service or complete a project for a specified fee or compensation. The client, on the other hand, will be required by the contract to pay whatever fee upon delivery of the service or upon the completion of specific stages of a project. If both parties sign the freelance agreement, then both parties will be mandated to follow the contract to the letter. Normally, the contractor or freelancer is the one responsible for drafting the contract since he is the party that will be offering a service. This being the case, as the freelancer, the agreement you draft should be sound and solid. Here are some tips on how to create an ironclad freelance agreement.
- Start with the name of the agreement. Freelance agreements can vary when it comes to names. Some may call it an Independent Contractor Agreement while others may refer to it as a Consultancy or Project Management contract. Whatever you feel is appropriate; make sure that the agreement starts with it. This should be your header.
- State the names of each party. After the name of the agreement, you will need to specify that this contract will be entered into by the contractor (that is you), and the client. The exact names of the company or individual will be required to complete these statements. The address of each party’s office will be required as well.
- Define the generalities of both parties. The contract should include a provision describing and defining the roles of each party. Since you are the contractor or freelancer, you need to define your role and what service you will provide to the client. Defining the client’s role in the contract should be included as well.
- Include the scope of work and contract period. The agreement should specify and actually focus on the actual scope of work. This should be as specific as possible to cover any possible misunderstandings later on. The timeframe and contract period should be defined clearly as well. This means if the contract for the services is for 6 months only, then this should be clearly stated to avoid confusion.
- State the compensation terms. For both parties, the provisions pertaining to compensation should be clearly described. This will include the exact amount to be paid to the contractor for services rendered. The conditions of the compensation should be stated clearly as well.
- Include the standard provisions. The standard provisions in an agreement normally vary from industry to industry. This will basically consist of provisions for contract termination, non-disclosure, etc. Now the best way to know the standard provisions needed in your agreement is to actually peruse and emulate an existing contract. These provisions are very important since these will solidify and legitimize the agreement all the more.
At the end of the agreement, both parties should have spaces for
signatures. This will be a line followed by the name of the client.
Below these spaces for signatures will be the notary information that
you will need to legalize the contract. This may be optional since once
both parties sign the contract, it will become legal anyway. But, having
the agreement notarized will authenticate the document as genuine.