Payment agreement template australia – 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 about 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 has been signed and should be very specific in nature in order to prevent any confusion or chance of misinterpretation on each party’s behalf. To make certain that the contract you fill out is formatted correctly you may look through various contract arrangement samples to find one which best represents your requirement.
This form needs to 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 begin with a section that describes who’s doing the hiring and who’s being hired. This section may also be used to describe in detail the job that the individual or company is being hired to do. 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 utilize 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 should cover reimbursement, meaning how much the person or company will be paid for the work they’ve 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 during the project will be held 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 finish.
For people who have never had to complete this type of contract you can look online where you’ll find a lot of different sample contract agreements that cover every imaginable sort of job. You will most likely 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. Because this is a legally binding contract it’s your job to be sure that you cover all the bases and leave no room for the independent contractor you hire to create a problem at any stage during the duration of the contract. Have a look the sample of payment agreement template australia below at the attachment page.