INTERNSHIP AGREEMENT
This INTERNSHIP AGREEMENT (hereinafter referred to as “the Agreement”) is made on [ DATE ON WHICH THE AGREEMENT COMES INTO FORCE] hereinafter referred as the “Effective Date”) between:
[INSERT NAME OF THE COMPANY], having registered office at [INSERT ADDRESS OF THE COMPANY] (hereinafter referred as the “Company”). which expression shall, unless repugnant to the context or meaning thereof, means and includes its legal representatives, executors, administrators and permitted assigns);
And
[INSERT OF THE INDIVIDUAL] residing at [INSERT OF THE INDIVIDUAL] (hereinafter referred as the “Intern”). which expression shall, unless repugnant to the context or meaning thereof, means and includes its legal representatives, executors, administrators and permitted assigns);
The “Company” and the “Intern” shall be collectively referred as “Parties” and individually as “Party”.
WHEREAS
- The Company is engaged in [INSERT BRIEF DESCRIPTION OF COMPANY'S BUSINESS];
- The Company recognizes the value of providing hands-on learning experiences to individuals interested in [INSERT FIELD/AREA OF INTERNSHIP], and desires to offer an internship opportunity to the Intern;
- The Intern is [INSERT BRIEF DESCRIPTION OF INTERN’S BACKGROUND] and seeks to gain practical experience and insight into their chosen field;
- The parties wish to enter into a contract in writing.
NOW, THEREFORE IN CONSIDERATION OF THE MUTUAL PREMISES, THE PARTIES HERETO AGREE AS FOLLOWS:
- INTERNSHIP POSITION
- The Company agrees to provide the Intern with the opportunity to work as an intern in the capacity of [INSERT INTERNSHIP POSITION]. The Intern's responsibilities and duties will be outlined in a separate document, which will be provided to the Intern at the beginning of the internship.
- DURATION
- The internship will commence on [INSERT START DATE] and continue until [INSERT END DATE]. The Parties acknowledge that the internship period may be subject to change, and any modifications to the duration will be communicated in writing.
- COMPENSATION
- The internship is an unpaid position. The Intern acknowledges and understands that there will be no financial compensation or benefits provided for the services rendered during the internship.
- CONFIDENTIALITY
- During the course of the internship, the Intern may have access to confidential information belonging to the Company. The Intern agrees to maintain the confidentiality of all proprietary and sensitive information and not to disclose, reproduce, distribute, or use such information for any purpose other than in connection with the internship.
- INTELLECTUAL PROPERTY
- Any work product, ideas, inventions, or creations developed by the Intern during the internship that relate to the Company's business or arise out of the internship shall be the exclusive property of the Company. The Intern agrees to promptly disclose and assign any such work product or creations to the Company.
- TERMINATION
- Either party may terminate this Agreement at any time for any reason or no reason, with or without cause, by providing written notice to the other party. Upon termination, the Intern shall promptly return any Company property and information in their possession.
- CODE OF CONDUCT
- The Intern agrees to abide by all Company policies, rules, and regulations during the course of the internship. This includes maintaining a professional demeanor, respecting colleagues, and adhering to workplace norms.
- INDEMNIFICATION
- The Intern agrees to indemnify and hold the Company harmless from any claims, liabilities, losses, or expenses arising out of or in connection with the Intern's actions or omissions during the internship.
- GOVERNING LAW
- This Agreement shall be governed by and construed in accordance with the laws of [INSERT STATE/COUNTRY OF APPLICABLE LAWS].
- DECLARATION
- The parties hereby understand and expressly agree to the provisions laid down in the present agreement and in good faith, undertake that both parties shall follow the terms of this agreement in good conscience in order to secure better growth of both the Parties.
IN WITNESS WHEREOF, the parties, intending to be legally bound, have each executed this agreement as of the effective date.
Signed, sealed and delivered on behalf of the Company:
Name: [NAME OF THE COMPANY/SIGNING AUTHORITY AND DESIGNATION]
Signature:
Date:[SIGNING DATE OF COMPANY]
Signed, sealed and delivered on behalf of the Intern:
Name: [NAME OF THE INDIVIDUAL]
Signature:
Date: [SIGNING DATE OF INDIVIDUAL]