An Independent Contractor Agreement is a legally binding contract between a company (or individual) and an independent contractor. This agreement outlines the terms and conditions under which the contractor will provide specific services or complete a particular project. Key elements typically included in an Independent Contractor Agreement are:
Scope of Work
Payment Terms
Duration
Independent Contractor Status
Confidentiality
Intellectual Property
Termination
Liability and Indemnification
Dispute Resolution
Non-Compete and Non-Solicitation
The purpose of this Agreement is to lay down the terms and conditions of the relationship between the Company and the Contractor so that both parties know their rights as well as obligations. This will help in avoiding any miscommunication or court cases because it creates a structure through which people can manage how they work together.
Furthermore, an agreement includes standard legal forms like independent contracts, partnerships, services agreements, notes and drafts, memoranda, and supplemental sheets.
In a nutshell, an independent contractor agreement outlines the work scope, deliverables, and payment method which makes the process free from ambiguities for concerned parties. However, one can also get the payment agreement sample with a customization feature to determine the terms and conditions regarding payments.
Here are previews and download links for these Independent Contractor Agreement Templates in MS Word format.
