30 day payment agreement template – Anytime you set out to hire a contractor or a subcontractor you’ll need to be certain that you have a written contract in place. This document represents an agreement between both parties as to what is expected and the compensation that will be paid when the job was completed. It is a legally binding contract based on the law once it has been signed and should be very specific in nature so as to prevent any confusion or chance of misinterpretation on each party’s behalf. To be certain that the contract you fill out is formatted properly you may look through various contract agreement samples to find one that best represents your requirement.
This form should be broken down into several sections to make sure that all aspects of the contract are covered and there is no room for error. It should start with a section that describes who is doing the hiring and who’s being hired. This section may also be used to describe in detail the job that the individual or company is being hired to do. It may also cover any components or materials that should be used and any technical equipment that will be necessary. For example John Smith is hiring Fred Blogs to use his backhoe to dig a trench for utilities which is 3 feet wide by 6 feet deep and 200 metres long.
The next part of the contract agreement should cover reimbursement, meaning how much the person or business will be paid for the work they’ve been hired to perform. This is followed by an assurance of services that’s the contractor agreeing to offer the listed services for the agreed upon amount and all information gained during the job will be held in the strictest confidence where deemed necessary by the employer. Finally the contract arrangement must include information that covers if the contract is to start and when it to end.
For people who have never needed to complete this sort of contract you can look online where you’ll find a lot of different sample contract agreements that cover every imaginable sort of job. You’ll most likely find several that relate directly to the job you have in mind and should be certain the one you choose is lawful in the state where you’re headquartered. Because this is a legally binding contract it is your job to make sure that you cover all of the bases and leave no room for the independent contractor you hire to create a problem at any stage during the duration of the contract. Have a look the sample of 30 day payment agreement template below at the attachment page.