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Merged
markholdex merged 1 commit into from
Jun 9, 2026
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docs(compensation): assign transfer fees to contractor #7

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11 changes: 11 additions & 0 deletions CHANGELOG.md
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Expand Up @@ -6,6 +6,17 @@ at least 14 days before changes take effect.

---

## v1.4.0 — 2026-06-09

**Standard Terms:**

- New clause in Compensation: Transfer Fees — the Company pays the exact
invoice amount; any fees charged by the contractor's bank, receiving
payment network, correspondent banks, or intermediaries in transit are
the contractor's responsibility.

---

## v1.3.0 — 2026-04-24

**Standard Terms:**
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13 changes: 9 additions & 4 deletions STANDARD_TERMS.md
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Expand Up @@ -144,7 +144,12 @@
Modes. The Company is not in breach of this obligation if a delay is caused
by the Contractor's failure to submit a compliant invoice or provide
information reasonably required to process payment.
8. **Quality Adjustment.** For Retainer engagements, the monthly payout is
8. **Transfer Fees.** The Company pays the exact invoice amount as stated
in the valid invoice. Any fees charged by the Contractor's bank,
the receiving payment network, correspondent banks, or intermediaries
in transit are the Contractor's responsibility and are not added to
the payment by the Company.
9. **Quality Adjustment.** For Retainer engagements, the monthly payout is
reduced by any hours attributed to the Contractor as bugs that month:

`payout = max(0, (totalHours - bugHours) × hourlyRate)`
Expand All @@ -164,9 +169,9 @@
notification of that attribution. A successfully disputed attribution is
excluded from the bug hours calculation.

9. **Taxes.** The Contractor handles all their own taxes, withholdings,
and benefits. The Company makes no deductions.
10. **Finality of Payment.** Any payment made by the Company for approved hours,
10. **Taxes.** The Contractor handles all their own taxes, withholdings,
and benefits. The Company makes no deductions.
11. **Finality of Payment.** Any payment made by the Company for approved hours,
completed projects, or accepted milestones constitutes full and final settlement
of all claims relating to the Services covered by that payment. The Contractor
waives any right to dispute or make further claims in respect of that payment
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