Contractor Agreement Key Sections
A freelancer agreement between a US company and a Filipino contractor should include the following important items:
- Scope of work: A detailed description of the work to be performed by the contractor.
- Payment terms: The payment amount, payment schedule, and payment method.
- Confidentiality and non-disclosure: A clause that outlines the confidentiality and non‐disclosure obligations of the contractor.
- Intellectual property rights: A clause that specifies who owns the intellectual property rights to the work produced by the contractor.
- Termination: A clause that outlines the conditions under which the agreement can be terminated by either party.
- Indemnification: A clause that specifies who is responsible for any damages or losses that may arise from the work performed by the contractor.
- Governing law: A clause that specifies which laws will govern the agreement.
- Dispute resolution: A clause that outlines the process for resolving any disputes that may arise between the parties.
- Insurance: A clause that specifies the insurance requirements for the contractor.
- Compliance with local laws: A clause that specifies that the contractor must comply with all applicable laws and regulations in the Philippines, including registration with the Bureau of Internal Revenue (BIR) and fulfilling reporting obligations throughout the year12.
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