Bill payment agreement template – Anytime you set out to hire a contractor or a subcontractor you will have 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 has been completed. It is a legally binding contract according to the law once it’s been signed and should be very specific in nature so as to avoid any confusion or chance of misinterpretation on either party’s behalf. To be sure that the contract you fill out is formatted properly you can look through various contract agreement samples to find one which best represents your requirement.
This form should be broken down into several sections to be sure that all aspects of the contract are covered and there is not any room for error. It should begin with a section that explains 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 business is being hired to do. It could also cover any parts or materials that are to be utilized and any specialized 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 compensation, meaning how much the person or business will be paid for the job they’ve been hired to do. This is accompanied by an assurance of services that’s the contractor agreeing to provide 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 should include information that covers if the contract is to begin and when it to end.
For people 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 type of job. You will most likely find several that relate directly to the job you’ve got in mind and should be certain that the one you choose is lawful in the state where you’re headquartered. Since this is a legally binding contract it’s your job to be sure you cover all of the bases and leave no room for the independent contractor you hire to make a problem at any point during the duration of the contract. Take a look the sample of bill payment agreement template below at the attachment page.