Automatic payment agreement template – Anytime you set out to hire a contractor or a subcontractor you will 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 that will be paid once the job was completed. It’s a legally binding contract according to the law once it has been signed and should be very specific in nature so as to avoid any confusion or possibility of misinterpretation on each party’s behalf. To be sure the contract you fill out is formatted correctly you can look through various contract arrangement samples to find one that best represents your requirement.
This form needs to be broken down into several sections to be sure all aspects of the contract are covered and there is no room for error. It should begin with a section that describes who’s doing the hiring and who is being hired. This section can also be used to describe in detail the job which the person or company is being hired to do. It could also cover any parts or materials that should be utilized 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 must cover compensation, meaning how much the individual or company will be paid for the work they have been hired to do. This is followed by an assurance of services which is the contractor agreeing to offer the listed services for the agreed upon amount and that all information gained during the project will be kept in the strictest confidence where deemed necessary by the employer. Finally the contract arrangement should include information that covers when the contract is to start and when it to finish.
For those who have never had to finish this type of contract you can look online where you’ll find many different sample contract arrangements that cover every possible sort of job. You will almost certainly find several that relate directly to the job you’ve got in mind and should make sure that the one you select is lawful in the state where you’re headquartered. Since this is a legally binding contract it is 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. Check it out the sample of automatic payment agreement template below at the attachment page.