Installment payment agreement template australia – Anytime you set out to hire a contractor or a subcontractor you’ll have to make sure that 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 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 in order to avoid any confusion or possibility of misinterpretation on either party’s behalf. To make sure the contract you fill out is formatted correctly you may look through various contract agreement samples to find one which best represents your need.
This form needs to be separated into several sections to make sure all details of the contract are covered and there is 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 individual or company is being hired to do. It may also cover any parts or materials that are to 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 which 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 business will be paid for the job they’ve been hired to perform. This is followed 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 during the job will be kept in the strictest confidence where deemed necessary by the employer. Finally the contract agreement should include information that covers if 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 will find many different sample contract agreements 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 make certain the one you choose is lawful in the state where you are headquartered. Since this is a legally binding contract it’s 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 point during the duration of the contract. Have a look the sample of installment payment agreement template australia below at the attachment page.