Payment agreement letter samples – Anytime you set out to hire a contractor or a subcontractor you will have to make sure that you have a written contract in place. This document represents an agreement between both parties as to what is expected and the compensation which will be paid when the job was completed. It’s a legally binding contract based on the law once it’s been signed and should be very specific in nature in order to avoid any confusion or chance of misinterpretation on either party’s behalf. To make sure that the contract you fill out is formatted properly you may look through various contract agreement samples to find one that best represents your requirement.
This form needs to be separated into several sections to be sure that all aspects of the contract are covered and there’s absolutely not any room for error. It should begin with a section that explains who is doing the hiring and who is being hired. This section can also be used to describe in detail the job that the person or company is being hired to perform. It could also cover any components or materials that are to be used and any specialized 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 part 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 do. This is accompanied 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 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 when the contract is to begin and when it to finish.
For those who have never had to complete this type of contract you can look online where you’ll find a lot of different sample contract arrangements 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 be certain the one you choose is legal in the state where you are headquartered. Because this is a legally binding contract it is your job to make sure you cover all the bases and leave no room for the independent contractor you hire to make a problem at any point during the duration of the contract. Check it out the sample of payment agreement letter samples below at the attachment page.