Supplier exclusivity 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 which will be paid when the job has been completed. It is a legally binding contract according to the law once it’s been signed and should be very specific in nature so as to prevent any confusion or chance of misinterpretation on either party’s behalf. To be sure that the contract you fill out is formatted properly you may look through various contract agreement samples to find one that best represents your requirement.
This form should be separated into several sections to make sure all details of the contract are covered and there’s absolutely no room for error. It should start 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 which the person or business is being hired to perform. It could also cover any parts or materials that are to 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 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’ve been hired to do. This is accompanied by an assurance of services which is the contractor agreeing to provide the listed services for the agreed upon amount and all information gained during the job will be kept in the strictest confidence where deemed necessary by the employer. Finally the contract agreement should include information that covers if the contract is to begin and when it to end.
For those who have never had to complete this type of contract you can look online where you’ll find many different sample contract arrangements that cover every possible type of job. You will most likely find several that relate directly to the job you’ve got in mind and should make sure the one you choose is legal in the state where you’re headquartered. Because this is a legally binding contract it’s your job to make sure that 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 supplier exclusivity agreement template below at the attachment page.