Debt repayment agreement template – Anytime you set out to hire a contractor or a subcontractor you will need to be sure you have a written contract in place. This document represents an agreement between both parties about what is expected and the compensation which will be paid when the job has been completed. It’s a legally binding contract based on the law once it has been signed and should be very specific in nature so as to avoid any confusion or chance of misinterpretation on each party’s behalf. To make 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 requirement.
This form needs to be broken down into several sections to make sure all details of the contract are covered and there is not any room for error. It should start with a section that describes who is 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 perform. It may also cover any parts or materials that are to be used and any technical equipment that will be needed. 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 metres long.
The next section of the contract agreement should cover compensation, meaning how much the person or company will be paid for the work they’ve been hired to do. This is followed by an assurance of services that’s 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 people who have never needed to finish this sort of contract you can look online where you will find many different sample contract arrangements that cover every imaginable sort of job. You’ll most likely find several that relate directly to the job you’ve got in mind and should be certain 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 be sure you cover all of the bases and leave no room for the independent contractor you hire to create a problem at any point during the duration of the contract. Check it out the sample of debt repayment agreement template below at the attachment page.