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Posted By Simon Davies
Hi All
Recently started as a consultant - ironically working for my previous employer - and now other work looms. Have any experienced consultant got an example of the sort of terms and conditions I should have? I'm a bit concerned that what I have is not adequate.
Appreciate if any of you could assist.
Simon
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Posted By Charley Farley-Trelawney
Simon
I tend to have the client agree to pay me whatever the requested works, I find that a confirmation letter detailing what the client wants gives the opportunity to make changes , then I send back a further basic doc detailing the works and confirming the cost, I request the client signs this for me prior to commencement and give basic terms for payment times.
If the client wants 'extras' during the work it is easy to seperate extras from agreed prices, I also ensure that extras are documented and signed for at every stage, it makes it easier when presenting the invoice.
With longer term contracts I tend to require stage payments, this saves waiting months before you can invoice. Other than these vevy basic details you can make it as detailed as you wish, personally I prefer it nice and simple, it leaves you more time to earn money.
CFT
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Posted By Ross Stirton
Consider joining the Professional Contractors Group. They publish a useful guide called 'Guide to Freelancing'. For small consultancy businesses, it's really important to get contracts/Ts & Cs sorted, and to understand the issues if you want to ensure that you don't fall foul of IR35 and Section 660 tax issues.
http://www.pcg.org.uk/freelancing.html
Regards,
Ross
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Posted By Simon Davies
Very many thanks gents.
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