Service payment agreement template – Anytime you set out to hire a contractor or a subcontractor you’ll have to be 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 based on 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 either party’s behalf. To make sure the contract you fill out is formatted correctly you may look through various contract agreement samples to find one which best represents your requirement.
This form should be separated into several sections to make sure all aspects of the contract are covered and there’s absolutely no room for error. It should begin with a section that explains who is doing the hiring and who’s being hired. This section may also be used to describe in detail the job which the individual or company is being hired to perform. 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 use 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 must cover reimbursement, meaning how much the individual or business will be paid for the job they’ve been hired to do. This is followed by an assurance of services which is the contractor agreeing to provide the listed services for the agreed upon amount and that all information gained during the project will be held in the strictest confidence where deemed necessary by the employer. Finally the contract agreement should include information that covers when the contract is to start and when it to finish.
For those who have never needed to finish this sort of contract you can look online where you’ll find many different sample contract agreements that cover every imaginable sort of job. You will almost certainly find several that relate directly to the job you’ve got in mind and should be certain the one you select is lawful in the state where you’re headquartered. Because this is a legally binding contract it is your job to make 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 service payment agreement template below at the attachment page.