Contractual arrangements and Terms of Agreement for individual assignments are negotiated on a case-by-case basis.

In general, different arrangements apply depending on whether the assignment is a Prism Finance assignment (for a financial sector client) or a Prism Professional assignment (for a professional or academic client outside the financial sector).

Prism Finance

Typically Prism Finance clients are banks/firms with pre-existing requirements for service providers to sign their (the client’s) Terms of Agreement rather than Prism-Clarity putting forward its own Terms. In these circumstances Prism-Clarity would expect to be asked to sign whatever agreements the client requires as standard for such engagements.

Any client Terms of Agreement signed by Prism-Clarity in these circumstances would normally be supplemented with a bespoke schedule describing the details of the individual assignment.

Prism Professional

Typically Prism Professional clients might not have such requirements for service providers to sign pre-existing engagement documentation. In these circumstances, Prism-Clarity has developed a standard Terms of Agreement document which can form the basis of a bilateral negotiation between the two parties.

A PDF version of this document is attached for reference. It is emphasised that this document is only the basis for further discussion and subject to amendment at the discretion of the two signing parties. [This standard Terms of Agreement document is based on recommended Society for Editors and Proofreaders (SfEP) contractual arrangements, set out in the members’ area of the SfEP website.]

Again any such document would normally be supplemented with a bespoke schedule describing the details of the individual assignment (Schedule A in the attachment).

Alternative Arrangements

To the extent a Prism Finance client does not have its own standard engagement documents or Terms of Agreement, the arrangements set out in the previous section can be adopted for them as an alternative, with the agreement of both parties.

Conversely if a Prism Professional client does have its own Terms of Agreement documentation, Prism-Clarity is happy to consider signing that as an alternative to its own standard Terms of Agreement.