Notarized payment agreement template – Anytime you set out to hire a contractor or a subcontractor you will need 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 when the job was completed. It’s a legally binding contract according to the law once it has been signed and should be very specific in nature so as to prevent any confusion or chance of misinterpretation on each party’s behalf. To be certain the contract you fill out is formatted correctly you can look through various contract agreement samples to find one which best represents your need.
This form should be broken down into several sections to make sure all details of the contract are covered and there’s absolutely not any room for error. It should start with a section that explains who is doing the hiring and who’s being hired. This section can also be used to describe in detail the job which the individual or business is being hired to do. It could also cover any components or materials that are to be utilized and any technical equipment that will be needed. For example John Smith is hiring Fred Blogs to utilize his backhoe to dig a trench for utilities that is 3 feet wide by 6 feet deep and 200 yards long.
The next part of the contract agreement should cover compensation, meaning how much the individual or company will be paid for the job they have been hired to do. This is followed by an assurance of services that’s the contractor agreeing to provide the listed services for the agreed upon amount and that all information gained through the job will be kept in the strictest confidence where deemed necessary by the employer. Finally the contract arrangement should include information that covers if the contract is to start and when it to finish.
For those who have never needed to finish this type of contract you can look online where you will find a lot of different sample contract agreements that cover every imaginable sort of job. You’ll most likely find several that relate directly to the job you have in mind and should make certain that the one you select is lawful in the state where you’re headquartered. Because this is a legally binding contract it is your job to make sure that 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 notarized payment agreement template below at the attachment page.