Late rent payment agreement template – Anytime you set out to hire a contractor or a subcontractor you’ll have to make 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 once 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 in order to avoid any confusion or possibility of misinterpretation on each party’s behalf. To be certain that the contract you fill out is formatted correctly you can look through various contract agreement samples to find one that best represents your requirement.
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 describes who is doing the hiring and who’s being hired. This section can also be used to describe in detail the job that the person or business is being hired to perform. It could also cover any parts 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 that is 3 feet wide by 6 feet deep and 200 yards long.
The next section of the contract agreement should cover compensation, meaning how much the person or company will be paid for the job they have been hired to perform. This is accompanied 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 held 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 end.
For people who have never had 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 almost certainly find several that relate directly to the job you’ve got in mind and should be certain the one you choose is lawful in the state where you are headquartered. Since this is a legally binding contract it is your job to be 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. Take a look the sample of late rent payment agreement template below at the attachment page.