Employee repayment agreement template – Anytime you set out to hire a contractor or a subcontractor you’ll need 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 that will be paid when the job was 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 chance of misinterpretation on either party’s behalf. To be certain that the contract you fill out is formatted properly you may look through various contract agreement samples to find one that best represents your need.
This form needs to be broken down into several sections to make sure all details of the contract are covered and there is 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 which the person or business is being hired to perform. It could also cover any components or materials that should be used 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 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’ve been hired to do. This is followed by an assurance of services which is the contractor agreeing to provide 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 agreement must include information that covers when the contract is to begin and when it to end.
For people who have never had to finish this sort of contract you can look online where you’ll find a lot of different sample contract agreements that cover every possible type of job. You will most likely find several that relate directly to the job you have in mind and should be certain that the one you select is legal in the state where you’re headquartered. Because this is a legally binding contract it is your job to make sure you cover all the bases and leave no room for the independent contractor you hire to create a problem at any stage during the duration of the contract. Take a look the sample of employee repayment agreement template below at the attachment page.