Consulting Agreement With Equity

State:
Multi-State
Control #:
US-02899BG
Format:
Word; 
Rich Text
Instant download

Description

A consultant is someone who gives expert or professional advice. Consultants are ordinarily hired on an independent contractor basis, therefore, the hiring party is not liable to others for the acts or omissions of the consultant. As distinguished from an employee, a consultant pays their own Social Security, income taxes without payroll deduction, has no retirement or health plan rights, and often is not entitled to worker's compensation coverage.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

A contract for services between an independent contractor (a self-employed individual) and the client company for the provision of consultancy services.

The consulting agreement is an agreement between a consultant and a client who wishes to retain certain specified services of the consultant for a specified time at a specified rate of compensation.

A contract for equity is a type of employment agreement that allows employees to earn a share of ownership in your company. Typically, employers use equity agreements in addition to traditional compensation. Equity stake employees will earn a portion of their compensation through a salary or hourly wage.

Consultancy agreements usually contain clauses covering the following:Duration of contract.Services to be provided.Duties of the consultant.Fees and payment terms.Supply of equipment.Substitution.Tax and NICs.Liability.More items...

Here's a short list of what should be included in every consulting contract:Full names and titles of the people with whom you're doing business. Be sure they're all spelled correctly.Project objectives.Detailed description of the project.List of responsibilities.Fees.Timeline.Page numbers.

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Consulting Agreement With Equity