Online payment agreement form – Anytime you set out to hire a contractor or a subcontractor you will need to make sure 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’s a legally binding contract according to the law once it’s been signed and should be very specific in nature in order to prevent any confusion or possibility of misinterpretation on each party’s behalf. To make sure that the contract you fill out is formatted properly you may look through various contract arrangement samples to find one that best represents your requirement.
This form should be broken down 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 is doing the hiring and who is being hired. This section may also be used to describe in detail the job which the person or company is being hired to perform. 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 that is 3 feet wide by 6 feet deep and 200 yards long.
The next section of the contract agreement must cover reimbursement, meaning how much the individual or company will be paid for the job they have been hired to perform. This is followed by an assurance of services that’s the contractor agreeing to offer the listed services for the agreed upon amount and all information gained through the job will be held in the strictest confidence where deemed necessary by the employer. Finally the contract arrangement must include information that covers when the contract is to start and when it to end.
For those who have never needed to complete this type of contract you can look online where you will find a lot of different sample contract arrangements that cover every possible sort of job. You will almost certainly find several that relate directly to the job you’ve got in mind and should be sure that the one you choose is legal 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. Check it out the sample of online payment agreement form below at the attachment page.