Installment payment agreement template doc – Anytime you set out to hire a contractor or a subcontractor you will have to be sure that 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 is 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 be sure that the contract you fill out is formatted properly you may look through various contract agreement samples to find one which best represents your requirement.
This form needs to be separated into several sections to be sure that all details of the contract are covered and there is no room for error. It should start with a section that explains who’s doing the hiring and who’s 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 could also cover any components or materials that should be utilized and any specialized 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 must cover compensation, meaning how much the individual or company will be paid for the work they’ve been hired to perform. This is accompanied 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 through the project will be kept 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 end.
For those who have never needed to finish this sort of contract you can look online where you will find a lot of different sample contract agreements that cover every possible type of job. You will almost certainly find several that relate directly to the job you’ve got in mind and should make sure the one you select is legal in the state where you’re headquartered. Since this is a legally binding contract it’s your job to make sure that you cover all of the bases and leave no room for the independent contractor you hire to make a problem at any stage during the duration of the contract. Check it out the sample of installment payment agreement template doc below at the attachment page.