Payment plan agreement template australia – Anytime you set out to hire a contractor or a subcontractor you’ll have 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 which will be paid once the job has been completed. It is a legally binding contract based on the law once it’s been signed and should be very specific in nature so as to prevent any confusion or possibility of misinterpretation on either party’s behalf. To be sure the contract you fill out is formatted correctly you can look through various contract agreement samples to find one that best represents your need.
This form needs to be separated into several sections to be sure that all details of the contract are covered and there’s absolutely no room for error. It should start 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 which the person or business is being hired to perform. It may also cover any components or materials that are to be used and any technical equipment that will be necessary. For example John Smith is hiring Fred Blogs to utilize his backhoe to dig a trench for utilities which is 3 feet wide by 6 feet deep and 200 yards 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 have been hired to perform. 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 agreement must include information that covers if the contract is to begin and when it to finish.
For people who have never had to finish this type of contract you can look online where you will find many different sample contract agreements that cover every imaginable sort of job. You’ll almost certainly find several that relate directly to the job you have in mind and should be certain the one you choose is lawful in the state where you’re headquartered. Because 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 make a problem at any stage during the duration of the contract. Have a look the sample of payment plan agreement template australia below at the attachment page.