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NY · SERVICE-AGMT · Updated July 2026 · Free

New York Service Agreement

Review Status: PendingAuthor: Editorial TeamMethodology: Statutory Verification

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New York at a glance: Freelancer Protection: NYC Freelance Isn't Free Act applies to individuals · Late Payment Cap: Subject to 16% civil usury limit (N.Y. GOL § 5-501) · Governing Law: N.Y. General Obligations Law

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Overview

Service Agreements in New York

New York service agreements are subject to the General Obligations Law and contract common law. Note: If the service provider is an individual freelancer or single-person LLC performing services in New York City, the contract must comply with the NYC "Freelance Isn't Free" Act, requiring written contracts and payment within 30 days of completion.
Key Facts

New York Service Agreement — Quick Reference

RequirementNew York Rule
Freelancer ProtectionNYC Freelance Isn't Free Act applies to individuals
Late Payment CapSubject to 16% civil usury limit (N.Y. GOL § 5-501)
Governing LawN.Y. General Obligations Law
Legal Requirements

New York Legal Requirements

  • Freelancer contracts must detail the scope of services, compensation, and payment date.
  • Late fee interest must not exceed New York's civil usury threshold.
Governing Laws

New York Governing Laws

N.Y. GOL § 5-501
Rate of Interest
Establishes New York's legal and civil usury interest rates.

Read the full text of these laws at Cornell Law School's New York legal resources or your state legislature's official website.

Questions & Answers

New York Service Agreement — Frequently Asked Questions

Does the Freelance Isn't Free Act apply outside New York City?

Yes, New York has expanded statewide freelancer protections similar to the NYC ordinance, requiring written agreements for independent worker engagements.