Payment agreement template south africa – Anytime you set out to hire a contractor or a subcontractor you will need to make certain that 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 when the job was 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 avoid any confusion or possibility of misinterpretation on either party’s behalf. To make certain that the contract you fill out is formatted properly you can look through various contract arrangement samples to find one that best represents your need.
This form needs to be separated into several sections to make sure all aspects of the contract are covered and there is no room for error. It should begin with a section that describes who is doing the hiring and who is being hired. This section may also be used to describe in detail the job that the individual or business is being hired to perform. It may also cover any parts 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 section of the contract agreement must cover reimbursement, meaning how much the person or business will be paid for the work they’ve been hired to do. This is followed by an assurance of services which is 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 finish.
For people who have never needed to finish this sort of contract you can look online where you will find a lot of different sample contract agreements that cover every possible sort of job. You’ll almost certainly find several that relate directly to the job you have in mind and should make 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 make sure you cover all the bases and leave no room for the independent contractor you hire to make a problem at any stage during the duration of the contract. Take a look the sample of payment agreement template south africa below at the attachment page.