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Independent Contractor Agreement
"I need an Independent Contractor Agreement for a freelance software developer in Singapore who will be working on our fintech project for 6 months starting January 2025, with specific IP protection clauses and monthly milestone payments."
1. Parties: Identifies and defines the contracting parties - the company engaging services and the independent contractor
2. Background: Outlines context and purpose of the agreement, including the nature of the business relationship
3. Definitions: Defines key terms used throughout the agreement including Services, Deliverables, Intellectual Property, etc.
4. Scope of Services: Details the specific services to be provided by the contractor, including deliverables and performance standards
5. Term and Termination: Specifies agreement duration, renewal terms, and conditions for termination by either party
6. Compensation: Details payment terms, rates, invoicing procedures, and expenses policy
7. Independent Contractor Status: Explicitly establishes nature of relationship and contractor's responsibility for taxes, CPF, and other obligations
8. Intellectual Property Rights: Addresses ownership and transfer of IP created during the engagement
9. Confidentiality: Provisions for protecting confidential information and trade secrets
10. Representations and Warranties: Contractor's confirmations regarding capacity, qualifications, and ability to perform services
11. General Provisions: Standard boilerplate clauses including notices, entire agreement, governing law, etc.
1. Non-Compete: Restrictions on competing activities during and after the engagement
2. Equipment and Resources: Specifies responsibility for providing work tools, equipment, and resources
3. Insurance Requirements: Details required insurance coverage and liability provisions
4. Performance Metrics: Defines specific KPIs, quality standards, and performance evaluation criteria
5. Compliance with Policies: Requirements to comply with company policies while performing services
1. Schedule A - Scope of Services: Detailed description of services, deliverables, and technical specifications
2. Schedule B - Rate Card: Detailed breakdown of fees, charges, and payment terms
3. Schedule C - Project Timeline: Milestone dates, delivery schedule, and project phases
4. Schedule D - Insurance Requirements: Specific insurance types and coverage amounts required
5. Schedule E - Company Policies: Relevant company policies applicable to contractors
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