Hi Neeti,
The important things in a Consultancy Contract are:
Regards,
Nobel George
Abner HR Consulting Services
Bangalore.
M: +91 9900145414
T: 080 - 23654001
The important things in a Consultancy Contract are:
- Commercials: Our standard rates are 0 to 4 years - 8.33%, 4 to 8 years - 10%, > 8 years - 12.5%. Taxes are charged extra.
- Guarantee Period: Usually for IT & Non-IT its 90 days from the DOJ. But for ITES sector its only 30 days.
- Payment Schedule: Usually the Payment has to be released within 30 days from the date of the Invoice.
- Validity of the Agreement: Usually 1 Year.
- Arbitration Clause: Usually settled at the courts of your City.
- Responsibilities of the Client (You) and the Consultant have to be clearly seggregated.
- Important Communication: All important communications shall be in written and no verbal communication shall be entertained.
Regards,
Nobel George
Abner HR Consulting Services
Bangalore.
M: +91 9900145414
T: 080 - 23654001