Debt 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 when the job has been completed. It’s a legally binding contract according to the law once it’s 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 make certain the contract you fill out is formatted correctly 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 be sure all details 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 is 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 could also cover any parts or materials that should be used and any technical equipment that will be needed. For example John Smith is hiring Fred Blogs to utilize his backhoe to dig a trench for utilities that is 3 feet wide by 6 feet deep and 200 metres long.
The next section of the contract agreement must cover reimbursement, meaning how much the person or business will be paid for the job they have been hired to perform. This is followed 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 agreement must include information that covers if the contract is to begin and when it to finish.
For people who have never needed to finish this type 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 will almost certainly find several that relate directly to the job you have in mind and should make certain the one you choose is lawful in the state where you are headquartered. Because this is a legally binding contract it is your job to be sure that 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. Have a look the sample of debt payment agreement template below at the attachment page.