Hello, for a start-up software company are contracts necessary like one-year contracts, or are there any other options?
From India, Jaipur
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From India, Jaipur
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Contract Considerations for Start-Ups
Being a start-up company, it is advisable to go for a one-year contract for services like security, housekeeping, catering, etc., with a provision to extend it by another year on the same terms and conditions. It is better to outsource such activities and do it through established contractors; petty contractors may do the work cheaply and without any formality. In the long run, it will be better to avail services of established contractors and with proper documentation.
From India, Mumbai
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1593Being a start-up company, it is advisable to go for a one-year contract for services like security, housekeeping, catering, etc., with a provision to extend it by another year on the same terms and conditions. It is better to outsource such activities and do it through established contractors; petty contractors may do the work cheaply and without any formality. In the long run, it will be better to avail services of established contractors and with proper documentation.
From India, Mumbai
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Please specify which type of contracts you want to know about. As mentioned by Mr. KK, if your concern is related to support services, then yes, hiring all support services through contractors is really helpful for a startup firm. For a new company, it is very difficult to manage such small tasks on a regular basis. For such services, there is no need to go for long-term contracts.
From India, Noida
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From India, Noida
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Non-compete clause in service contracts.pdf