Key Statutory Clauses Included in Our United Kingdom (London) Independent Contractor Agreement
- Governing Law & Venue: Explicitly designates the courts and statutory commercial code of England and Wales.
- Independent Contractor Safe-Harbor: Clarifies tax withholding autonomy before the HM Revenue & Customs (HMRC).
- Intellectual Property Transfer Conditional on Payment: Protects the freelancer/agency by holding copyright title until invoice settlement in cleared funds.
- Net-15 Payment Schedule & Late Interest Penalty: Enforces commercial discipline with a 1.5% monthly late fee on overdue balances.