Tour Overview
Description:
You may need to amend contractor contracts for various reasons, such as changes in project scope, budget adjustments, or performance issues. The contract termination method allows you to formally end an existing contract and initiate a new one, streamlining the process.
This article outlines the process of amending contractor contracts using the contract termination method through the portal. We will explore the perspectives of the client to ensure clarity and understanding of the steps involved.
Step by step guide:
Step 1: Log into the Portal
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Enter your client credentials to access the contractor management dashboard.
Step 2: Access Contractor’s Profile
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Navigate to the "Team" section.
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Use the search feature to locate the specific contractor whose contract needs amendment.
Step 3: New Contract Trigger
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Click on the contractor’s profile to review the current contract details.
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If necessary, suggest edits to the following contractor details:
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Personal Details: Name, Last Name, Date of Birth, Billing or Mailing Address.
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Job Details: Job Title, Scope of Work, Country, Contract Currency, Wage Type, Contractor Rate, Receiving Currency, Payment Frequency, Start/End Date.
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Step 4: Generate New Contract Pop-up
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A pop-up will appear, prompting you to choose one of the following options:
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Generate a New Contract
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Upload a Pre-signed Contract
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Skip to Stay with the Current Contract
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If you choose to generate a new contract:
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You will need to do the following steps:
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Confirm the company’s information
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Confirm the signatory
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Review the contract
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E-sign the contract
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Send the new contract
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An email notification will be sent to the contractor promoting them to E-sign
If you choose to upload a pre-signed contract:
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A pop-up will appear asking if you would like to upload the contract.
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If you select "Yes," you will be given the option to upload the pre-signed contract, and an email notification will be sent to the contractor.
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If you select "No," the process will stop.
Step 5: New Contract Added
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Once the contractor finalizes e-signing the new contract, the old contract will automatically become inactive, and the new contract will become active.
Finalizing the Agreement
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Upon acceptance, ensure you download a copy of the new contract for your records.
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Maintain open lines of communication with the client to foster a positive working relationship moving forward.
FAQ
1. Should we notify any third parties about the amendment?
If the original contract involves third parties (e.g., subcontractors, clients, or regulatory bodies), it may be necessary to inform them of significant changes that could affect their interests.
2. Can amendments affect the original contract’s termination clause?
Yes, amendments can modify the termination clause. It’s important to clarify any changes to the termination rights and procedures in the amendment document.
3. What if the contract amendment involves additional costs?
If an amendment leads to increased costs, ensure that these are clearly outlined in the amendment and that both parties agree to the new financial terms.