This document is a bond agreement between an administering authority of the Local Government Pension Scheme (LGPS) and a guarantor of obligations owed to the relevant LGPS fund by an admission body.
A bond agreement is a contract between a surety and an obligee that establishes the surety's obligations to the obligee. The agreement sets forth the terms and conditions of the surety's guarantee, including the amount of the bond, the premium to be paid, and the length of time the bond will be in effect.
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Use this agreement when bringing an advisor on board to formalize variables such as job role and responsibilities, duration of contract and compensation. The agreement also sets forth certain key terms such as confidentiality and intellectual property.
This template is to be used the next time your company needs to set out terms with an individual (i.e. not to be used for agreements involving a personal service company as defined within IR35). It sets out the terms on which a contractor provides services to a client company, and is perfect for freelance software developers, marketing consultants, designers, PR/HR/recruitment consultants.
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