This document is different from a virtual office agreement because it generally provides for more limited work opportunities. An agreement on the coworking space aims above all to give a job to the customer. It is also different from a commercial lease, as it is a document to rent an empty physical area for a normal rental period. If this agreement is fulfilled, it can be forwarded to the customer in two ways: the supplier can publish it on its website to be applicable to all future customers, or provide each customer with a copy that he must sign. Billing and Payment – A summary of the payment transaction, the parties involved and any services that could be billed for a fee. For example, timeable and printable services for shared meetings may be an additional expense if they exceed the amount allocated by a client described in the agreement. While our coworking agreement model is a great starting point for both operators and tenants to learn about the contractual side of the coworking equation, an experienced coworking advisor can also be an invaluable advantage. Do your due diligence, do a thorough and organized research, and coworking can be one of the best business decisions you`ve made for your organization and team. These types of agreements are generally not negotiated, i.e. an agreement on coworking space is not discussed and verified by both parties.

Instead, the coworking space provider decides on the specific conditions it wants to have for its customers. Customers have no say. Subsequently, the supplier reserves the agreement either in an accessible location (usually the De Coworking Space site) or the customer signs it. We talked at length about the benefits of coworking space, first of all about the flexibility it offers businesses. However, some additional benefits are often overlooked, particularly in the accounting and legal aspects of a coworking agreement. Please read these conditions carefully, as they violate your legal rights. These conditions include your consent, with the exception of certain types of litigation described in the Governing Law, Arbitration and Class Action Waiver Section below, you accept that disputes between you and us will be resolved through binding individual arbitration and you waive your right to participate in a class-wide class action or mediation. By using the Services, you agree to meet these conditions and to be bound to them. Keep in mind that a coworking contract is much closer to an agreement signed by a customer in a hotel, or even a gym membership than a typical CRE leasing contract.

Operators provide tenants with access to a wide range of services and economic benefits, not just the physical workstation itself. This is another reason why coworking does not involve the legal complications of traditional space, where in the flexible working areas operators is much more hosts than owners.