Installment agreement form ftb – Anytime you set out to hire a contractor or a subcontractor you will have to be certain you have a written contract in place. This document represents an agreement between both parties about what is expected and the compensation that will be paid once the job was 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 prevent any confusion or possibility of misinterpretation on each party’s behalf. To be sure that the contract you fill out is formatted properly you can look through various contract arrangement samples to find one that best represents your need.
This form should be broken down into several sections to make sure that all aspects of the contract are covered and there’s absolutely no room for error. It should begin with a section that explains who’s doing the hiring and who is being hired. This section may also be used to describe in detail the job which the person or business is being hired to do. It may also cover any components or materials that should be utilized 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 which is 3 feet wide by 6 feet deep and 200 yards long.
The next part of the contract agreement must cover reimbursement, meaning how much the individual or business will be paid for the work they’ve been hired to do. This is accompanied by an assurance of services which is the contractor agreeing to offer the listed services for the agreed upon amount and that all information gained through 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 begin and when it to finish.
For those who have never needed 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’ll most likely find several that relate directly to the job you’ve got in mind and should be sure that the one you select is lawful in the state where you’re headquartered. Since this is a legally binding contract it’s your job to be sure that 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. Take a look the sample of installment agreement form ftb below at the attachment page.