Ach payment agreement template – Anytime you set out to hire a contractor or a subcontractor you’ll need to make sure that you have a written contract in place. This document represents an agreement between both parties as to what is expected and the compensation which will be paid once the job was completed. It is a legally binding contract according to the law once it has been signed and should be very specific in nature so as to prevent any confusion or possibility of misinterpretation on either party’s behalf. To be sure that the contract you fill out is formatted properly you may look through various contract arrangement samples to find one which best represents your need.
This form needs to be separated 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 perform. It may also cover any parts or materials that should be used and any specialized equipment that will be needed. For example John Smith is hiring Fred Blogs to utilize his backhoe to dig a trench for utilities which is 3 feet wide by 6 feet deep and 200 yards long.
The next section of the contract agreement must cover reimbursement, meaning how much the person or business will be paid for the work they have been hired to perform. This is followed by an assurance of services which is the contractor agreeing to provide the listed services for the agreed upon amount and all information gained through the project will be held in the strictest confidence where deemed necessary by the employer. Finally the contract agreement must include information that covers when the contract is to begin and when it to end.
For people who have never needed to finish this sort of contract you can look online where you will find a lot of different sample contract agreements that cover every imaginable type of job. You will most likely find several that relate directly to the job you’ve got in mind and should be certain the one you select is legal in the state where you are headquartered. Since this is a legally binding contract it’s your job to make sure you cover all of the bases and leave no room for the independent contractor you hire to make a problem at any stage during the duration of the contract. Take a look the sample of ach payment agreement template below at the attachment page.