Weekly payment agreement template – Anytime you set out to hire a contractor or a subcontractor you will have to make certain 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’s a legally binding contract according to the law once it has been signed and should be very specific in nature in order to avoid any confusion or chance of misinterpretation on either party’s behalf. To make sure the contract you fill out is formatted properly you can 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 not any room for error. It should start with a section that describes who is doing the hiring and who’s being hired. This section can also be used to describe in detail the job that the person or business is being hired to perform. It may 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 utilize 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 person or company will be paid for the job they’ve been hired to perform. 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 held in the strictest confidence where deemed necessary by the employer. Finally the contract arrangement must include information that covers if the contract is to begin and when it to end.
For people who have never had to complete this sort of contract you can look online where you’ll find many different sample contract agreements that cover every possible sort of job. You’ll almost certainly find several that relate directly to the job you have in mind and should be sure the one you select is legal in the state where you’re headquartered. Because this is a legally binding contract it is your job to make sure you cover all of 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 weekly payment agreement template below at the attachment page.