A mentorship agreement template defines the terms of this agreement for two parties who consent to providing services of guidance and mentorship to the other. Mentorship agreements are usually signed between companies or organizations who hire other companies to train their employees. To expand their scope, companies and organizations keep making arrangements on an occasional basis for such ventures. It varies accordingly and can be made in a number of different templates depending upon the needs of the company issuing it. The mentorship agreement can act as a legitimate proof of the fact that the two parties have signed a pact or an agreement over a few terms between them that is going to benefit both of them. These agreements are based on mutual understanding of both the parties and their expectations.
Importance of Mentorship Agreement
A mentorship agreement template starts with the name and the official logo of the company generating the agreement. It then incorporates the details about the parties who are signing the agreement. A brief introduction to the company can also be added to the agreement. All the necessary details for the meetings that are needed to be held between the two parties must be mentioned in the agreement along with the details of the resources needed to carry out the venture. The contact details for both the parties, especially the one providing the mentorship services, must be added to the agreement. The agenda for the mentor and the other party must be made clear in the mentor ship agreement format. The other party must be informed in case any amendments have been made to the agreement. The mentorship agreement is signed by both the parties and the date of the issuance is put at the end.