tiktok³ÉÈ˰æ

Independent Contractor Payment Terms Template for Malaysia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Independent Contractor Payment Terms

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Independent Contractor Payment Terms

"I need Independent Contractor Payment Terms for a Malaysian technology consultancy engaging international contractors, with monthly payments in USD and specific requirements for digital deliverables submission by March 2025."

Document background
This Independent Contractor Payment Terms document is essential for businesses operating in Malaysia that engage external contractors for various services. It serves as a crucial framework for establishing clear payment arrangements while ensuring compliance with Malaysian legislation, including the Contracts Act 1950 and Income Tax Act 1967. The document is designed to protect both parties by clearly defining payment terms, methods, schedules, and associated obligations. It includes necessary provisions for tax compliance, currency handling, and dispute resolution, while maintaining the clear distinction between independent contractor status and employment relationships as required under Malaysian law.
Suggested Sections

1. Parties: Identification of the company and the independent contractor, including registration/company numbers and addresses

2. Background: Brief context of the engagement and purpose of the agreement

3. Definitions: Key terms used throughout the agreement defined for clarity

4. Scope of Services: Clear outline of the services to be provided by the contractor

5. Payment Terms: Detailed payment structure, rates, and timing of payments

6. Invoicing Requirements: Specifications for invoice format, submission process, and required details

7. Payment Method: Approved payment methods and associated procedures

8. Independent Contractor Status: Clear statement of independent contractor relationship and not employment

9. Term and Termination: Duration of the agreement and conditions for termination

10. Taxes and Statutory Obligations: Contractor's responsibilities regarding taxes and statutory payments

11. Governing Law: Specification of Malaysian law as governing law and jurisdiction

Optional Sections

1. Currency Exchange: Terms for handling foreign currency payments, used when contractor is paid in non-MYR currency

2. Intellectual Property: IP rights and ownership terms, included when services involve creative or technical work

3. Confidentiality: Terms for handling sensitive information, included when contractor has access to confidential information

4. Non-Compete: Restrictions on working with competitors, used for contractors in sensitive positions

5. Insurance Requirements: Specific insurance coverage requirements, included for high-risk services

6. Performance Metrics: Specific performance standards and KPIs, used when payment is tied to performance

7. Dispute Resolution: Detailed dispute resolution procedures, included for high-value or complex engagements

Suggested Schedules

1. Schedule A - Service Description: Detailed description of services to be provided

2. Schedule B - Rate Card: Detailed breakdown of rates, fees, and payment structure

3. Schedule C - Invoice Template: Standard invoice format and required information

4. Schedule D - Performance Metrics: Detailed KPIs and measurement criteria if applicable

5. Appendix 1 - Required Documentation: List of required documents for payment processing

6. Appendix 2 - Bank Details Form: Template for providing banking information

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions




























Clauses





























Relevant Industries

Technology

Professional Services

Construction

Creative Industries

Manufacturing

Education

Healthcare

Financial Services

Consulting

Real Estate

Energy

Telecommunications

Relevant Teams

Legal

Finance

Human Resources

Procurement

Operations

Compliance

Accounts Payable

Vendor Management

Relevant Roles

Finance Manager

Procurement Manager

Human Resources Director

Legal Counsel

Contract Administrator

Project Manager

Operations Manager

Hiring Manager

Accounts Payable Manager

Compliance Officer

Chief Financial Officer

Vendor Management Specialist

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Mou For Payment Terms

A Malaysian law-governed MOU establishing payment terms and financial transaction frameworks between business parties.

find out more

Broom Clean Condition Commercial Lease

A Malaysian law-governed commercial lease agreement specifying broom clean condition requirements and maintenance standards for commercial properties.

find out more

Terms And Conditions Of Partnership Deed

A Malaysian law-governed agreement establishing the terms and conditions for business partnership operations and partner relationships.

find out more

Terms & Conditions On Invoice

Malaysian-law compliant Terms & Conditions for invoices, outlining key business transaction terms and payment conditions.

find out more

Terms And Conditions Of Service Agreement

A Malaysian law-governed agreement establishing the terms and conditions for service provision between a service provider and its users.

find out more

Service Agreement Payment Terms

Malaysian law-compliant payment terms document outlining financial obligations and procedures for service agreements.

find out more

NDA In Legal Terms

A Malaysian law-compliant Non-Disclosure Agreement protecting confidential information exchange between parties.

find out more

General Terms Of Contract

Standard terms and conditions document under Malaysian law governing commercial relationships between contracting parties.

find out more

SOW Payment Terms

Malaysian-law governed document specifying payment terms and conditions for Statement of Work agreements, including payment schedules and financial obligations.

find out more

Dispute Resolution Terms

Malaysian law-governed dispute resolution terms establishing procedures for commercial dispute resolution through negotiation, mediation, and arbitration.

find out more

Trading Terms Agreement

A Malaysian law-governed agreement establishing core trading terms and conditions between commercial parties for ongoing business relationships.

find out more

Term Service Contract

Malaysian-law governed agreement establishing terms and conditions for ongoing service provision between service provider and client.

find out more

Key Man Agreement

A Malaysian law-governed agreement establishing terms between a company and its key employees, including insurance and compensation arrangements.

find out more

Hosted Services Agreement

Malaysian law-governed agreement for hosted services provision, covering service terms, data protection, and operational requirements.

find out more

Agreement Terms

Standard Agreement Terms template compliant with Malaysian law, providing essential contractual provisions for commercial relationships.

find out more

Independent Contractor Payment Terms

Malaysian-law governed payment terms agreement for independent contractors, outlining payment structure, invoicing requirements, and financial obligations.

find out more

Vendor Terms Contract

A Malaysian law-governed vendor terms contract establishing the commercial relationship between suppliers and customers, including key trading terms and compliance requirements.

find out more

Terms And Conditions Consent

A Malaysian law-compliant Terms and Conditions Consent document for obtaining user consent for data collection and processing under PDPA 2010.

find out more

Short Form Of Agreement

A streamlined agreement template under Malaysian law for routine business transactions, offering essential contractual protection while maintaining simplicity.

find out more

License Terms

Malaysian-law governed license agreement establishing terms for intellectual property or technology usage rights between licensor and licensee.

find out more

General Terms Agreement

A Malaysian law-governed master agreement establishing standard terms and conditions for business relationships between commercial parties.

find out more

Terms Of Engagement Contract

A Malaysian law-governed agreement defining the terms and conditions for professional service engagement between service providers and clients.

find out more

Cloud Service Agreement

A Malaysian law-governed agreement for cloud computing services provision, incorporating local data protection and regulatory requirements.

find out more

Merchant Agreement

A Malaysian law-governed agreement between payment service providers and merchants establishing terms for payment processing services and regulatory compliance.

find out more

Term Service Agreement

A Malaysian law-governed agreement establishing terms and conditions for ongoing service provision between service provider and client.

find out more

Terms Of Service Form

A Malaysian law-governed agreement establishing terms and conditions between service providers and users, ensuring compliance with local electronic commerce and consumer protection regulations.

find out more

Contract Payment Terms

Malaysian-law governed payment terms document outlining financial transaction requirements and obligations between contracting parties.

find out more

Month To Month Rental Form

A Malaysian-law compliant month-to-month rental agreement template establishing flexible rental terms and conditions.

find out more

Terms And Conditions For Service Invoice

Malaysian-compliant terms and conditions document governing service invoicing, payment terms, and related obligations between service providers and clients.

find out more

Terms Of Service Contract

A Malaysian law-governed agreement establishing terms and conditions for service provision, user rights, and obligations between service providers and users.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.