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FREELANCE SERVICE AGREEMENT
On , between (hereinafter "THE CLIENT") and (hereinafter "THE FREELANCER"), this independent service agreement is entered into, which shall be governed by the following clauses:
FIRST: PURPOSE OF THE AGREEMENT
THE FREELANCER agrees to provide professional services to perform: . THE CLIENT agrees to pay the agreed economic consideration for said services.
SECOND: VALUE AND PAYMENT METHOD
The total value of this agreement is . This amount shall be paid by THE CLIENT to THE FREELANCER as follows: 50% upon commencement of work and 50% upon delivery and satisfactory completion of the final product.
THIRD: TERM OF EXECUTION
The term for the execution of services shall be from until . Any modification to the term must be agreed upon in writing by both parties.
FOURTH: OBLIGATIONS OF THE FREELANCER
Deliver the services by the agreed date, maintain confidentiality regarding THE CLIENT's information, and invoice for services in accordance with applicable regulations.
FIFTH: OBLIGATIONS OF THE CLIENT
Provide the necessary information for the execution of the service, make payments on the agreed dates, and review and approve deliverables within no more than 5 business days.
SIXTH: INTELLECTUAL PROPERTY
Upon full payment, all intellectual property rights over the work performed shall be transferred to THE CLIENT.
SEVENTH: CONFIDENTIALITY
Both parties agree to maintain the confidentiality of all information exchanged during the term of this agreement.
EIGHTH: TERMINATION
Either party may terminate this agreement with 15 calendar days' prior notice. In the event of breach, the affected party may terminate this agreement immediately.
In witness whereof, this agreement is signed in the city of , on .