Yesterday I mentioned that Weblogs, Inc. is rumored to be preparing a personal finance blog. Here's a look at the contract that the corporation uses when hiring bloggers (as independent contractors).

Here are some highlights:

* Bloggers are paid $4 per post, with a maximum of $500 per month.
* All published writing is property of Weblogs, Inc.
* Writers may not work for any "competing" publication, online or offline, during and for six months after the term of the contract.

Mrs. D commented on the contract:

They are essentially looking for work-for-hire (as in they own all the rights) and they pay far far less than any reputable publication pays for freelance work -- ie, work that you're able to take and then resell to other clients. And on top of that, they throw in a non-compete clause?

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