The Consultancy Agreement Between Company And Individual is essential for businesses in Singapore seeking to engage independent professionals for specific projects or expertise. This document establishes clear boundaries between employment and consultancy relationships, addressing key aspects such as service scope, compensation, intellectual property rights, and confidentiality. It ensures compliance with Singapore's regulatory requirements while protecting both parties' interests. The agreement is particularly relevant in today's growing gig economy and is structured to avoid potential misclassification of employment status.
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Key Requirements PROMPT example:
Consultancy Agreement Between Company And Individual
"I need a Consultancy Agreement Between Company And Individual for hiring a financial strategy consultant who will work remotely from Malaysia for our Singapore office, starting March 2025, with strict IP protection clauses and monthly payment terms."
1. Parties: Identification of the company and consultant with full details
2. Background: Context of the agreement and general purpose of engagement
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of consulting services to be provided
5. Term and Termination: Duration of agreement and termination provisions
6. Fees and Payment: Compensation structure and payment terms
7. Confidentiality: Protection of confidential information
8. Intellectual Property: Ownership and rights to work product
1. Non-Compete: Restrictions on competing activities - use when protecting company's competitive interests
2. Insurance: Insurance requirements for consultant - use when services involve significant risks
3. Performance Metrics: Specific KPIs or deliverables - use when requiring measurable outcomes
4. Equipment and Resources: Provision of tools and resources - use when specific equipment is needed for the services
1. Schedule 1 - Scope of Services: Detailed description of deliverables and responsibilities
2. Schedule 2 - Fee Schedule: Detailed breakdown of fees and payment structure
3. Schedule 3 - Service Levels: Performance standards and metrics if applicable
4. Appendix A - Data Protection Requirements: PDPA compliance requirements and data handling procedures
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