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And this
is when the need for a freelancing contract is truly felt.
A contract drawn
between a freelancer and a client helps in defining the terms
by which both parties will associate with each other. Moreover,
a formal contract makes it easier to remove any uncertainties
or obscurities that may crop up during the course of completing
the project.
Some of the common elements that appear in a
freelancer's contract include:
1. Complete name and contact details of the
freelance contractor.
2. Complete name and contact details of the
client.
3. Short description of the project.
4. Break up of costs involved - rates charges
- hourly / flat rate for the project.
5. Details of the project / timelines
Such a contract
is signed by both parties and shows an approval to the terms
mentioned therein. Maintaining
such a format contract ensures that both the freelancer and
the client will abide by the terms agreed on in the contract.
In the event that there
is a problem later on, the contract can be referred to. What
also cannot be ignored is the fact that the contract alone
does not provide 100% protection against fraud.
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