Training repayment agreement template – Anytime you set out to hire a contractor or a subcontractor you will need to make 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 was completed. It’s a legally binding contract according to 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 make certain that the contract you fill out is formatted properly you can look through various contract arrangement samples to find one which best represents your need.
This form needs to be separated into several sections to make sure that all aspects of the contract are covered and there’s absolutely not any room for error. It should start with a section that describes who’s doing the hiring and who is being hired. This section may also be used to describe in detail the job that the person or company is being hired to perform. It could 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 that 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 work they’ve been hired to do. This is followed by an assurance of services that’s the contractor agreeing to provide the listed services for the agreed upon amount and all information gained during the project will be kept 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 end.
For those who have never needed to complete this type of contract you can look online where you’ll find a lot of different sample contract arrangements that cover every possible sort of job. You will most likely find several that relate directly to the job you have in mind and should make sure that the one you select is lawful in the state where you’re headquartered. Since this is a legally binding contract it is your job to make sure that you cover all of the bases and leave no room for the independent contractor you hire to create a problem at any point during the duration of the contract. Have a look the sample of training repayment agreement template below at the attachment page.