Individuals or companies that use this document may have to consider the difference between a contractor and an employee. This service contract allows you to recruit a service provider as a contractor. This is different from an employment contract that would allow the claimant to hire as a worker and would require the provision of all kinds of benefits under labour law. The service contract is legally binding if it is printed on non-judicial stamp paper or electronic stamp paper, signed and dated by both the service provider and the customer. The value of the buffer paper depends on the state in which it is executed. Each state of India has provisions on the amount of stamp duty payable on these agreements. Information on stamp duty can be found on the government`s websites. For example, the Karnataka State website provides stamp duty details on payment agreements, such as the Delhi site. 6. Confidentiality . The contractor acknowledges that, during the engagement, it has access to various trade secrets, inventions, innovations, processes, information, registrations and specifications owned or licensed by the company in connection with the operation of its activities, including, but not only, the business and product processes, methods, customer lists, accounts and procedures of the company. The contractor accepts that none of these contracts are disclosed or used in any way, directly or indirectly, either for the duration of this agreement, or at any time after, unless necessary in the context of this cooperation with the company.
All files, records, documents, designs, specifications, information, letters, notes, media lists, original/creator graphics, notebooks and other related items relating to the business, whether created by the contractor or transferred in their possession, remain the exclusive property of the company. The licensee will not keep copies of the above without the company`s prior written permission. When the agreement expires or terminates or at the request of the entity, the contractor immediately makes available to the Company all files, records, documents, specifications, information and other objects in its possession or control. In addition, the contractor agrees not to disclose his withholding agreement as an independent contractor or the terms of this contract to third parties without the company`s prior written consent and to preserve at all times the confidentiality of its relationship with the company and the services provided by the company.