Consulting Agreement

Term: Consulting Agreement

Definition: Also be called an independent contractor agreement. A contract between a non-employee (i.e. a consultant or contractor) and an entity for a specific purpose or objective that specifies the work to be accomplished and payment to be made for services rendered. A consulting agreement should also specify the owner of the deliverable, such as IP rights.

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This article is provided for informational purposes only and does not constitute legal advice.