Insurance: You can’t really change much here.

If the client wishes to use any additional equipment or items, he/she must inform the owner in advance to avoid any penalties or chargers. The access of the workspace must also be clearly mentioned in the agreement including the timings and days of the week.įurthermore, there should be an additional pointer talking about the use of illegal downloads or infringement of copyrights/trademarks.

Use of Premises: This is one of the most important clauses and should be laid down quite clearly by the owner of the co-working space.

The deposit refund in case of termination of the agreement must also be clearly specified in the agreement. Make sure that all the information related to the mode of payment is specified along with the penalty fee. While this could vary from contract to contract, monthly fees and payments are usually payable on the first day of every month to the owner of the co-working space.

Monthly Fees and Payments: The monthly fees, payments, additional fees and renewal fees should be mentioned in the co-working space agreement.

The agreement must also clearly state the duration and the validity of a service agreement and the mode through which it will be extended, if and when the need arises.

While the possession, ownership and control of the location will be with the owner of the area, the member client can utilize the services freely.

The nature of the co-working space agreement should be such that it gives full liberty and permission to the member of the co-working space to use the premises and the ancillary facilities transparently. Nature of the Agreement: First thing first.Let’s see what they are and why you should keep them in mind: Most people tend to ignore these factors when opting for a coworking space. Since now you know what the co-working agreements are, we will take you through six things to keep in mind when entering a coworking agreement.

Office space sharing agreement template