Independent contractor agreement glossary
Invoice Sender: The individual performing the assignment for the Invoice Recipient and sending invoices to the Invoice Recipient using the Invoice Issuer’s services. This individual can also be referred to as a Freelancer, Member, Customer, or Independent Contractor.
Invoice Recipient: The individual or company assigning the tasks will make payments to the Invoice Sender for the assigned work using the Invoice Issuer’s services.
Invoice Issuer: NORDICTECH LTD provides intermediary services for the creation and management of invoices, ensuring the efficient handling of the invoicing process. The company acts on behalf of clients to manage invoicing and charges a percentage fee based on the invoice amount. NORDICTECH LTD offers a comprehensive invoice management service and platform designed for seamless invoice processing.
Invoice Senders are responsible for paying any fees or taxes in the country where they reside. NORDICTECH LTD does not deduct any taxes or pension contributions. Additionally, NORDICTECH LTD does not collect any VAT, and the Invoice Recipient is responsible for VAT under the reverse VAT mechanism.
Invoice Senders must ensure compliance with all applicable tax regulations in their respective jurisdictions. NORDICTECH LTD is not liable for any tax obligations or penalties incurred by the Invoice Sender or Recipient.
Invoice Sender Application and Assignments
Invoice Sender have applied for using the invoice management service with NORDICTECH LTD and have indicated Invoice Sender willingness and intention to undertake successive assignments for various clients at different locations.
The Invoice Sender is responsible for ensuring that assignments do not include false invoices and that the Invoice Sender has fulfilled all obligations towards the Invoice Recipient for the work performed.
The Invoice Sender is also responsible for sourcing work and entering into agreements with the Invoice Recipient.
Additionally, the Invoice Sender must ensure that they are working with a registered and active company.
Furthermore, the Invoice Sender must comply with all relevant laws and regulations, maintain accurate records of all transactions, and promptly address any disputes or issues that may arise.
Legal Right to Work
This agreement is conditional upon Invoice Sender having the legal right to work in the country where Invoice Sender are both working and living, provided Invoice Sender are not residing in the UK, Sweden, Denmark, Finland or Norway.
Authority Limitations
Invoice Sender are not authorized to enter or conclude contracts on behalf of NORDICTECH LTD. Additionally, Invoice Sender are not authorized to amend, change, or terminate contracts on behalf of NORDICTECH LTD.
Collective Agreements:
No collective agreement will apply to Invoice Sender with NORDICTECH LTD.
Employment Status
Invoice Sender collaborates with NORDICTECH LTD as an independent contractor, utilizing NORDICTECH LTD’s invoice management service and platform for project-based or hourly tasks as needed.
Termination
Either party may terminate this contract with appropriate notice as stipulated in the company’s termination policy, unless otherwise agreed upon in writing.
Registration and Fees
Registration in our invoice system is free of charge. A percentage fee will be applied to the invoice amount when Invoice Sender send an invoice.
Access to Services
By registering, Invoice Sender gain access to NORDICTECH services, which include invoicing, invoice administration, payments, and information. Invoice Sender are responsible for paying any applicable taxes and fees in the country where Invoice Sender work or reside.
Fee Structure
NORDICTECH will charge a percentage on the invoice amount, which will be displayed when Invoice Sender create an invoice in our system. Invoice Sender can preview both the invoice and Invoice Sender payment within the system. NORDICTECH does not charge any hidden fees or additional costs.
Payment Calculation
Invoice Sender payment will consist of the invoice amount minus the NORDICTECH service fee. Invoice Sender are responsible for paying any taxes or fees in the country where Invoice Sender reside.
Payments
Payments will be made to the bank account specified in our invoice system and will only be processed once the client has paid the invoice. Payments are made exclusively to the bank account Invoice Sender have specified in our invoice system. Payments can only be processed once the client has paid the Invoice Sender invoice.
Payment Guarantee
NORDICTECH LTD guarantee that Invoice Sender payment will be deposited within 24 hours after NORDICTECH LTD receive the funds in Wise bank account.
Invoice Issuance and Payment
Once an invoice has been issued in our system and sent to the recipient, the recipient is not permitted to pay the member directly for the same assignment.
Payment Methods
NORDICTECH LTD do not accept or deposit cash in any form. Only payments in EUR to our bank account are accepted, and NORDICTECH LTD will only transfer funds to a bank account, not in cash.
Confidentiality
Invoice Sender agree to maintain the confidentiality of all proprietary information and trade secrets of NORDICTECH LTD and its clients, both during and after Invoice Sender engagement with us.
Compliance with Policies
Invoice Sender agree to comply with all company policies and procedures, including those related to invoicing, payments, and data protection. Payments of salary / Invoice payment member
Direct Payment Prohibition:
When an invoice is issued, the invoice recipient does not have the right to pay the member directly for the same assignment.
Payment Calculation
The payment consists of the invoice sender’s invoice amount minus the NORDICTECH service fee.
Notification Responsibility
Invoice Senders are responsible for informing the invoice recipient that Invoice Sender has collaboration with NORDICTECH LTD and that all invoices for work performed will be issued by NORDICTECH LTD.
Invoice Delivery
NORDICTECH LTD will send invoices as email attachments to the email address Invoice Sender specify in our invoice system. NORDICTECH LTD will not send any paper invoices. The invoice recipient is responsible for checking their emails for the invoice.
Invoice Disputes
If an invoice recipient disputes an invoice, the invoice sender must make the necessary adjustments. This involves cancelling the original invoice and issuing a new, adjusted invoice through NORDICTECH LTD.
Invoice Creation and Sending
The invoice sender should create and send invoices using our system. The invoice sender should not download and send the invoice directly to the invoice recipient.
Currency and Payment Methods
NORDICTECH LTD do not accept or deposit cash in any form. Only payments in EUR to our bank account are accepted, and NORDICTECH LTD will only transfer funds to a bank account, not in cash
System Errors and Unforeseen Obstacles
NORDICTECH LTD is not responsible for damages resulting from system errors, conflicts, communication errors, or other unforeseen obstacles at NORDICTECH LTD or any of its partners.
Force Majeure and Legal Changes
NORDICTECH LTD is not liable for issues arising from force majeure events, new or amended laws and agreements, regulations, statutory orders, government actions, or other circumstances that NORDICTECH LTD could not reasonably have avoided or overcome.
Client and Third-Party Damages
NORDICTECH LTD is not liable for any damage caused to the client’s client or a third party due to our failure to take over the claim. This includes situations where the self-employed person has provided incorrect or incomplete information to NORDICTECH LTD or has otherwise breached this agreement.
Circumstances Beyond Control
Other obstacles, difficulties, or delays resulting from circumstances beyond NORDICTECH LTD’s control are also excluded from our liability.
Exclusion of Indirect Damages
Under no circumstances is NORDICTECH LTD liable for compensation for direct damage, loss of profit, or other indirect damage. This is typically covered by the client’s liability insurance.
Misuse of Services
If the self-employed person commits any offense, abuses, misuses, or carelessly uses the services provided by NORDICTECH LTD, NORDICTECH LTD reserves the right to terminate this agreement and associated services with immediate effect.
Data Protection and Privacy
NORDICTECH LTD is committed to protecting Invoice Sender personal data and privacy. NORDICTECH LTD will handle Invoice Sender data in accordance with applicable data protection laws and our privacy policy.
Dispute Resolution
Any disputes arising from this agreement will be resolved through mediation or arbitration, as agreed upon by both parties, before pursuing any legal action.
Amendments to the Agreement
NORDICTECH LTD reserves the right to amend this agreement as necessary. Any changes will be communicated to Invoice Sender in writing, and continued use of our services will constitute acceptance of the amended terms.
Data Protection and Privacy:
NORDICTECH LTD is committed to protecting Invoice Sender personal data and privacy. NORDICTECH LTD will handle Invoice Sender data in accordance with applicable data protection laws and our privacy policy.
Address / Contact
NORDICTECH LTD
128 CITY ROAD
LONDON
EC1V2NX
Company Number: 16096643
support@nordicworkers.com
