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Share purchase agreement template singapore – If you are a creative individual who wishes to convert your”creative juices” into an earning mechanism then you need to educate yourself by understanding the ins and outs of having a business contract. These days, having verbal arrangements when engaging into business customers is no longer working as it often results to disagreements and torn relationships. Why do you need a contract in the first place? A written contract can protect you in a variety of ways. For starters, a written contract can help define the scope of work that includes your deliverables in addition to the project timeline.
Secondly, a contract outlines every detail related to money. Payment disputes are a common issue that creatives often confront. Apart from detailing how much you should get for your services, the contract should answer a few key questions, including: if you’re going to receive upfront payment; once 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 articles, the customer and the service provider should come into an agreement as to who finally owns the work. As the service provider, you can choose between two options: assign or give ownership to the client, or grant a permit to the client while you retain ownership of the end product.
Contracts may also serve as a clear guide for the two parties when it comes to effecting changes to a project. From time to time, customers will request changes to the originally agreed upon concept and it’s critical for builders to spell out the conditions of what counts as additional work and additional charges for your customer. Drafting a contract can be confusing – intimidating, even – for a lot of people. If you do not have time or money to go to an attorney for contract construction 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 client. Have a look the sample of share purchase agreement template singapore at the attachment page.