This is a simple format for an Internship Agreement and can be customised for a paid internship or unpaid internship.
What is an Internship Agreement?
An Internship Agreement is an agreement between the Company and the Intern with the Intern being hired as an independent contractor on a full time, part-time or hourly basis. The internship may be paid or unpaid.
What does an Internship Agreement include?
The key terms and conditions of an internship agreement are:
(a) the period of the internship
(b) remuneration and overtime pay
(c) primary place of work
(d) confidentiality obligation
Most importantly, the agreement establishes the parties' expectations that the internship does not guarantee future employment with the company.
The Intern assumes all of the risks of participating in the internship program. By signing the agreement, the intern also agrees to provide the Company with any intellectual property which they may devise or create during their employment, and they agree not to solicit any of the Company's clients.
The Individual Company and Intern should carefully read this document.
Both parties should sign and return a copy, and once signed, both parties should get a copy. To avoid any future disputes, both parties may wish to have their signatures witnessed.
The Work Period and Remuneration should all be clearly stated.
If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.
Create Document: Click on “Create document” button and fill in the details of the parties. You can click the “Fill with Member’s Information” button to complete the party’s information with your personal or business information saved to your account.
Please fill in any additional information by following the step-by-step guide on the left-hand side of the preview document and clicking the “Next” button.
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Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document. Each party should have a copy of the executed document.