Under this section, the designer has the right to claim default interest. The interest rate of this clause is indeed lower than the interest rate that would apply if the agreement were concluded in England: the Late Payment of Commercial Debts (Interest) Act 1998 gives a contracting party the right to charge interest at a fairly high interest rate – currently about 8% per annum above the Bank of England`s base rate – even if the treaty does not contain anything to that effect. A slightly lower interest rate is generally more commercially acceptable and the fact that such a clause is included probably facilitates a request for late payment by the designer. Let`s break down the most common types of contracts that a freelance designer will encounter sooner or later in his professional life and try to remove the secrecy and fear from them. A contract is a pretty important business decision, and you should understand 100% what you are signing. So keep reading and try not to fall asleep. PandaTipp: Use the delivery component table in the next section of this template to list the items you pass on to the customer as part of this freelance graphic design contract. Often, design contracts are concluded in the form of consulting contracts or independent subcontracts. The “operational” part normally remains the same (SOW, milestones, etc.), but the contract normally contains an IP (intellectual property) assignment to ensure that everything you create during the project is automatically assigned to the client. This is very different from the licensing flexibility we have just seen and leaves room for clauses that are not favourable to designers, especially with regard to the design of contracts by the customer.
13.1 Confidential information is all technical or commercial information (including all specifications, drawings and projects that are disclosed in writing, on Cd, orally or by consultation of documents or according to conversations between the parties) if the information is available: 18.2 This agreement is concluded in favour of the parties and shall not benefit from it, or be applicable by another person. PandaTip: As a freelancer, you want to summarize your legal conditions. These conditions cover the essential aspects of a design contract. The last section 2.3, which deals with additional costs, aims to protect the designer from any major changes to the briefing. PandaTip: With pandaDoc electronic signatures, this template can be signed from any computer or mobile device. This agreement was concluded on the date indicated at the beginning. 21.1 This Agreement and any dispute or claim arising out of or relating to its subject matter shall be governed by and construed in accordance with the law of the [applicable jurisdiction]. The Designer may not assign or transfer his or her rights or obligations under this Agreement….