Month: July 2016

The student/freelancer’s guide to contracts.

Introduction As a relatively young founder of a social media consulting firm based in Singapore, I’d had various experiences in drafting contracts for hire, of hire, and of service. I know a lot of young people out there freelancing either to make a living, or to earn some pocket money. They trade a huge part of their time, labour, youth and service for money, but are sometimes exploited due to no contract or a badly written one. Disclaimer: I am no legal counsel but have definitely been through some tough times because my contract was either vaguely written, or worse–there was no contract. It is indeed a pity that I had to write off bad debts of up to four/five figures in some cases. This post is therefore written with the intention to share my experiences of what you can consider looking out for in your contracts. The omission of any one of the eight clauses had caused me some form of trouble in the past. ~ What is a contract? According to dictionary.com, a contract is: “an agreement between …