Internship Contract Agreement by EasyLegalDocs
This Internship Contract Agreement defines the terms between a company and an intern, detailing the intern's position, duties, and working hours. It explicitly states that the internship is unpaid, with the intern receiving knowledge and experience as compensation. The agreement also covers important clauses such as confidentiality, intellectual property, and conditions for termination.
INTERNSHIP CONTRACT
This Internship Contract Agreement (hereinafter referred to as the "Agreement") is made and effective [effective date] (the “Effective Date”),
BY AND BETWEEN: | [company name], with an address of [company address], hereinafter referred to as the “Company”. |
AND: | [intern name], with an address of [intern address], hereinafter referred to as the “Intern”, collectively referred to as the “Parties”. |
INTERNSHIP POSITION
The Intern has been assigned to the position of [intern position] in the [intern department] department.
DUTIES AND RESPONSIBILITIES
During the internship period, the Intern shall be responsible for performing the following duties:
PAY AND COMPENSATION
The Parties acknowledge and agree that this internship is unpaid. The Intern will not receive any compensation or financial remuneration for the services rendered at the Company. Instead, the Intern acknowledges that the compensation for their duties and responsibilities under this Agreement will be in the form of knowledge, education, and experience gained.
WORKING HOURS
The Intern agrees to work from ________________ to ________________, Monday to Friday, with a ________________ lunch break. The Intern further agrees to work an average of ________________ hours per week.
JOB LOCATION
The Parties agree that all work will be performed virtually or in person at [company address]. If a Hybrid schedule is agreed upon, the Intern must be present at said location 2-3 days a week, with the specific days being ________________.
TERM OF AGREEMENT
This Agreement shall be effective from the date of signing (the "Effective Date") and will continue until [internship end date].
TERMINATION
This Agreement may be terminated under the following circumstances:
Immediate termination if the Intern breaches this Agreement.
Either party may terminate this Agreement by providing written notice [notice period days] days in advance. Upon termination, the Intern must promptly return all Company materials, products, or any other content within [material return days] days.
CONFIDENTIALITY
The Intern agrees to maintain the confidentiality of all terms and conditions of this Agreement and any materials provided during the internship, unless required by law. Unauthorized disclosure or use of such information beyond the scope of this Agreement is strictly prohibited without the prior consent of the Company.
INTELLECTUAL PROPERTY
The Intern acknowledges and agrees that any intellectual property provided by the Company during the internship will remain the exclusive property of the Company. This includes, but is not limited to, copyrights, patents, trade secret rights, and any other intellectual property rights associated with ideas, concepts, techniques, inventions, processes, works of authorship, confidential information, or trade secrets.
REPRESENTATIONS AND WARRANTIES
Both Parties represent and warrant that as of the Effective Date, they have the authority and capacity to enter into this Agreement and fulfill their obligations herein. Furthermore, both Parties warrant that the execution of this Agreement does not violate the rights of any third party or any other agreement between the Parties and any other person, organization, business, or applicable laws and regulations.
LIMITATION OF LIABILITY
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