Business partnership contract template – Anytime you set out to hire a contractor or a subcontractor you’ll have to be certain 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 when the job has been 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 each party’s behalf. To be sure that the contract you fill out is formatted correctly you may look through various contract arrangement samples to find one which best represents your requirement.
This form should be separated into several sections to make sure all details of the contract are covered and there’s absolutely no room for error. It should start with a section that explains 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 components 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 that is 3 feet wide by 6 feet deep and 200 yards long.
The next part of the contract agreement should cover compensation, meaning how much the individual or business will be paid for the job they have been hired to do. This is accompanied 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 project will be held 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 end.
For people who have never had to complete this type of contract you can look online where you’ll find many different sample contract agreements that cover every imaginable type of job. You will almost certainly find several that relate directly to the job you have in mind and should be certain the one you choose is legal in the state where you’re headquartered. Because this is a legally binding contract it’s your job to make sure that you cover all 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 business partnership contract template below at the attachment page.