Nominee Shareholder Agreement Template

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Nominee shareholder agreement template – If you’re a creative individual who wishes to convert your”creative juices” into an earning mechanism then you should educate yourself by knowing the ins and outs of having a business contract. These days, having verbal arrangements when engaging into company customers is no longer working as it most often results to disagreements and torn relationships. Why do you need a contract in the first place? A written contract can protect you in various ways. For starters, a written contract can help define the scope of work which includes your deliverables in addition to the project timeline.

Second, a contract outlines every detail associated with money. Payment disputes are a frequent issue that creatives often face. Apart from detailing how much you should get for your services, the contract should answer a few key questions, including: whether you are going to get upfront payment; when you will receive payments; what happens when the job falls through, and if there will be late fees and reimbursements for expenses.

A written contract will also determine who gets the ownership of the deliverables. For some kinds of work, the possession is clear cut. However, for some works like logos or written posts, the client and the service provider should come into an agreement as to who eventually owns the job. As the service provider, you can choose between two options: assign or give ownership to the client, or grant a license to the customer while you retain ownership of the end product.

Contracts may also serve as a clear guide for both parties when it comes to effecting changes to your project. Sometimes, customers will request changes to the initially agreed upon concept and it’s critical for contractors to spell out the conditions of what counts as extra work and additional charges for your customer. Drafting a contract could be confusing – intimidating, even – for a lot of people. If you do not have the time or money to go to a lawyer for contract drafting tips, your next best option is to use a business contract template. Using a business agreement template, you can simply add the relevant details related to your project. The important thing is that you have an invaluable tool which clearly provides the essentials of your arrangement with a customer. Have a look the sample of nominee shareholder agreement template at the attachment page.

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