Morning,
Received my first contract and have a few queries about it.
How does the following sound?
Thanks.
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3. Consultant’s Services
3.1 During the period of this agreement, the Consultant may accept and perform engagements from other companies, firms or persons which do not impinge upon his ability to provide the Services at such times and in such manner as may be convenient to the Bank provided that the Consultant shall not accept any employment or engagement by any person, firm or company which is similar to or in any way competitive with the business of the Bank without the prior written consent of the Bank.
3.2 The Consultant shall provide the Services at such location as the Bank and the Consultant shall agree from time to time.
3.3 The Consultant shall provide the Services at such times and dates as the Bank and the Consultant shall agree from time to time.
4.5 The Consultant undertakes and agrees to take out adequate insurance cover to cover the liability accepted by him in this agreement and forthwith on the Bank’s request agrees to produce the insurance policy for inspection.
5.1 In consideration of the Services provided by the Consultant, the Bank shall, within 28 days of receipt of an invoice submitted in accordance with clause 5.2 below, pay to the Consultant a consultancy fee at the rate of £xxx (exclusive of any VAT, if applicable) per day.
5.2 The Consultant shall, on the last day of each calendar month during which he has provided Services under this agreement, submit an invoice to the Bank giving details of the hours which he has worked, the Services which he has provided and the amount of the fee payable (plus VAT, if applicable) for such Services during that calendar month.
5.3 The Consultant shall be entitled to include in any invoice an amount in respect of reasonable travel, hotel and subsistence expenses incurred by him in the performance of the Services provided that relevant receipts are attached to such invoice and provided that the Consultant had prior consent to incur such expenses.
5.3 Payment by the Bank shall be without prejudice to any claims or rights which the Bank may have against the Consultant and shall not constitute any admission by the Bank as to the performance of the Consultant of his obligations hereunder. Prior to making any such payment the Bank shall be entitled to make deductions in respect of any disputes or claims whatsoever with or against the Consultant.
10. Termination
10.1 This agreement may be terminated by either party giving to the other not less than 20 working days written notice.
13. Third Parties
13.1 Where the Consultant considers it necessary to use the services of a third party, whether for information or the supply of goods or services, the Consultant shall (except in matters of a minor and obvious nature) first obtain the consent of the Bank.
14. General
14.1 This agreement is personal between the Bank and the Consultant, and neither may sell, assign or transfer any duties, rights or interests created under this agreement without the prior written consent of the other.
Received my first contract and have a few queries about it.
How does the following sound?
Thanks.
-------
3. Consultant’s Services
3.1 During the period of this agreement, the Consultant may accept and perform engagements from other companies, firms or persons which do not impinge upon his ability to provide the Services at such times and in such manner as may be convenient to the Bank provided that the Consultant shall not accept any employment or engagement by any person, firm or company which is similar to or in any way competitive with the business of the Bank without the prior written consent of the Bank.
3.2 The Consultant shall provide the Services at such location as the Bank and the Consultant shall agree from time to time.
3.3 The Consultant shall provide the Services at such times and dates as the Bank and the Consultant shall agree from time to time.
4.5 The Consultant undertakes and agrees to take out adequate insurance cover to cover the liability accepted by him in this agreement and forthwith on the Bank’s request agrees to produce the insurance policy for inspection.
5.1 In consideration of the Services provided by the Consultant, the Bank shall, within 28 days of receipt of an invoice submitted in accordance with clause 5.2 below, pay to the Consultant a consultancy fee at the rate of £xxx (exclusive of any VAT, if applicable) per day.
5.2 The Consultant shall, on the last day of each calendar month during which he has provided Services under this agreement, submit an invoice to the Bank giving details of the hours which he has worked, the Services which he has provided and the amount of the fee payable (plus VAT, if applicable) for such Services during that calendar month.
5.3 The Consultant shall be entitled to include in any invoice an amount in respect of reasonable travel, hotel and subsistence expenses incurred by him in the performance of the Services provided that relevant receipts are attached to such invoice and provided that the Consultant had prior consent to incur such expenses.
5.3 Payment by the Bank shall be without prejudice to any claims or rights which the Bank may have against the Consultant and shall not constitute any admission by the Bank as to the performance of the Consultant of his obligations hereunder. Prior to making any such payment the Bank shall be entitled to make deductions in respect of any disputes or claims whatsoever with or against the Consultant.
10. Termination
10.1 This agreement may be terminated by either party giving to the other not less than 20 working days written notice.
13. Third Parties
13.1 Where the Consultant considers it necessary to use the services of a third party, whether for information or the supply of goods or services, the Consultant shall (except in matters of a minor and obvious nature) first obtain the consent of the Bank.
14. General
14.1 This agreement is personal between the Bank and the Consultant, and neither may sell, assign or transfer any duties, rights or interests created under this agreement without the prior written consent of the other.
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