This form is a "Residuals" Clause for a Consultant Agreement usable in consulting agreements where consultant exposure to commercial trade secrets or other confidential information is a factor. The residuals clause allows some disclosures of confidential information under certain limited circumstances.
The Kings New York Residuals Clause for Consultant Agreement is an essential aspect that ensures the protection of intellectual property rights and confidential information between consultants and their clients. This clause delineates the conditions under which the consultant may be entitled to residual payments or royalties even after the agreement has ended. The Residuals Clause allows consultants to receive compensation for any continuing benefit derived from their work, even if it extends beyond the term of the Consultant Agreement. This payment is typically given when the consultant's expertise, ideas, or contributions continue to be utilized or generate revenue post-contractual obligations. Within the Kings New York Residuals Clause for Consultant Agreement, there might be different types of residual payment provisions depending on the nature of the consulting services provided. Here are a few notable variations: 1. General Residuals Clause: This is a broad provision that covers all types of residual payments that may be applicable. It ensures consultants receive compensation for various types of ongoing benefits stemming from their work. 2. Royalty-Based Residuals Clause: If the consultancy involves creating intellectual property, such as writing or software development, this clause entitles the consultant to receive royalties on future sales or licenses of their produced work. 3. Revenue-Sharing Residuals Clause: In some cases, consultants may contribute to the growth of a business's revenue stream. This clause ensures they receive a percentage or share of any profits or revenue generated through their efforts. 4. Intellectual Property Residuals Clause: This type of clause entitles the consultant to receive compensation when their intellectual property, such as patents, trademarks, or trade secrets, are utilized or commercialized after the agreement's termination. 5. Non-Compete Residuals Clause: When consultants are restricted from working with competitors or starting similar ventures for a specified period after the agreement ends, this clause guarantees compensation if the client continues to benefit from the consultant's expertise during this timeframe. The Kings New York Residuals Clause for Consultant Agreement serves as a crucial legal framework for protecting the rights of both consultants and clients. It establishes fair compensation for consultants' ongoing contributions and ensures the client can continue to benefit from their expertise beyond the contractual obligations.The Kings New York Residuals Clause for Consultant Agreement is an essential aspect that ensures the protection of intellectual property rights and confidential information between consultants and their clients. This clause delineates the conditions under which the consultant may be entitled to residual payments or royalties even after the agreement has ended. The Residuals Clause allows consultants to receive compensation for any continuing benefit derived from their work, even if it extends beyond the term of the Consultant Agreement. This payment is typically given when the consultant's expertise, ideas, or contributions continue to be utilized or generate revenue post-contractual obligations. Within the Kings New York Residuals Clause for Consultant Agreement, there might be different types of residual payment provisions depending on the nature of the consulting services provided. Here are a few notable variations: 1. General Residuals Clause: This is a broad provision that covers all types of residual payments that may be applicable. It ensures consultants receive compensation for various types of ongoing benefits stemming from their work. 2. Royalty-Based Residuals Clause: If the consultancy involves creating intellectual property, such as writing or software development, this clause entitles the consultant to receive royalties on future sales or licenses of their produced work. 3. Revenue-Sharing Residuals Clause: In some cases, consultants may contribute to the growth of a business's revenue stream. This clause ensures they receive a percentage or share of any profits or revenue generated through their efforts. 4. Intellectual Property Residuals Clause: This type of clause entitles the consultant to receive compensation when their intellectual property, such as patents, trademarks, or trade secrets, are utilized or commercialized after the agreement's termination. 5. Non-Compete Residuals Clause: When consultants are restricted from working with competitors or starting similar ventures for a specified period after the agreement ends, this clause guarantees compensation if the client continues to benefit from the consultant's expertise during this timeframe. The Kings New York Residuals Clause for Consultant Agreement serves as a crucial legal framework for protecting the rights of both consultants and clients. It establishes fair compensation for consultants' ongoing contributions and ensures the client can continue to benefit from their expertise beyond the contractual obligations.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
