Supplier development agreement template – Anytime you set out to hire a contractor or a subcontractor you will need to be 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 that will be paid when the job has been completed. It’s a legally binding contract based on the law once it has been signed and should be very specific in nature so as to avoid any confusion or chance of misinterpretation on each party’s behalf. To be sure that the contract you fill out is formatted correctly you may look through various contract arrangement samples to find one that best represents your requirement.
This form should be broken down into several sections to be sure that all details of the contract are covered and there’s absolutely no room for error. It should begin with a section that explains who’s doing the hiring and who’s being hired. This section may also be used to describe in detail the job that the person or company is being hired to do. It may also cover any components or materials that are to be used and any specialized equipment that will be needed. 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 metres long.
The next part of the contract agreement should cover compensation, meaning how much the individual or company will be paid for the job they’ve been hired to perform. This is accompanied by an assurance of services that’s the contractor agreeing to provide 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 should include information that covers if the contract is to start and when it to finish.
For those who have never needed to complete 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 most likely find several that relate directly to the job you have in mind and should make 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 supplier development agreement template below at the attachment page.