Also known as a consultant or freelancer, an independent contractor is a business or individual that is typically self-employed and provides a product or service for a customer in exchange for monetary compensation. This contract will stipulate the services needing rendering, the time requirements around them, and the compensation expected in exchange.
This Independent Contractor Agreement is a written contract that spells out the terms of the working arrangement between a contractor and client, including:
This should not be used as a mechanism to avoid providing de facto employees with rights which they are deserved of under law. Because this mechanism has been abused within South Africa, regulatory authorities are very strict about protecting the employee. Here is a general differentiation:
A Partnership Agreement is an agreement between you and your partner(s) that sets out the duties and obligations of the partners to each other and to the partnership. It establishes the rights and responsibilities of general partners, and the rules of a for-profit partnership. As a general rule of thumbs, once operations are more established, a shareholder agreement will better dictate the terms of the relationship going forward.
A Non-Disclosure Agreement is a contract used to maintain privacy in agreements where sensitive information is exchanged between two parties but with information sensitive to one group.
A Non-Disclosure Agreement is a contract used to maintain privacy in agreements where sensitive information is exchanged by one party to another. This Mutual agreement aims to protect both parties within the agreement who have the potential to be sharing information to each other.
In addition to outlining how the company will use the information, it also includes how it will meet its legal obligations, and how those sharing their data can seek recourse should the company fail to meet those responsibilities