The Risks of Borderless Contracting
When you contract for foreign companies, legal disputes are extremely expensive to resolve. A well-written contract ensures you get paid and clearly defines ownership rights. Platforms like Deel provide standard contracts, but you must audit these clauses.
Key Clauses to Check
1. Late Payment Fees
Specify a penalty percentage (e.g. 1.5% per month) if invoices are paid late. This discourages accounting delays.
2. Jurisdiction & Governing Law
Ensure any contractual disputes are settled under a neutral jurisdiction or your home country laws, to prevent being forced to hire lawyers in the USA.