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72

Freelance_Agreement_2026.pdf

Freelance Agreement · 8 pages · Moderate Risk

Executive Summary

This freelance agreement between you (Contractor) and Acme Corp covers a 12-month engagement for software development services. The contract contains an unusually broad IP assignment clause and lacks a liability cap, which significantly increases your financial exposure.

Unlimited Liability

Section 8.2 — No cap on damages. Industry standard is 1-2x contract value.

Broad IP Assignment

Section 5.1 — All work product, including pre-existing IP, transfers to the client.

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High Risk

Unlimited Liability

Section 8.2 — You're personally liable for all damages with no cap. Industry standard is 1-2x contract value.

Medium Risk

Auto-Renewal Clause

Section 12.1 — Contract auto-renews for 2-year terms with only a 30-day opt-out window.

Missing Clause

Termination for Convenience

No termination clause found. Either party should be able to exit with 30-60 days written notice.

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