An Independent Contractor Agreement is an agreement between a company and an independent contractor (not an employee) that provides the terms and conditions by which the independent contractor will provide services to the company.
The Independent Contractor Agreement serves a number of beneficial purposes: It provides the independent contractor with the basic conditions, project parameters and terms of payment for his/her service to the company; It can protect the company by clarifying the company’s expectations for the independent contractor, reaffirming that an employer/employee relationship is not created and laying out reasons for termination of the relationship.
The following key provisions are included:
Services: Describes the services the Independent Contractor will perform.
Term: Sets forth the length of the agreement.
Compensation: Identifies the amount the Independent Contractor will be paid for his services.
Expenses: Sets forth those expenses the Independent Contractor will not be liable for.
Status: Clarifies the contractor's status as independent, and not an employee of the company.
Termination: Describes the terms upon which the agreement may be terminated.
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This Independent Contractor Agreement also includes:
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