Indep Contractor Acknowledgement Agreement,
What is Indep Contractor Acknowledgement Agreement?
Indep Contractor Acknowledgement Agreement is a legal document that is to be signed by the person who is working as an independent contractor as well as the company or person that hires the contractors. There are various elements that are of prime importance and need to be mentioned clearly as these provide legal protection for the parties that sign this agreement.
What is to be included in the agreement?
The agreement primarily should define the relationship between the contractor and the party that is hiring the contractor. Since this is not the employer and employee relationship it needs to be defined properly. This relationship primarily can control the outcome of the work but not the way the work is performed. There are many things like description of the type of services that the independent contractor will perform for the party that is hiring the independent contractor as well as the time for which the contractor is being hired or the time frames in which various works are to be done. The agreement should also mention the way the payment must be made and the time when the payment will be made to the independent contractor. This agreement is important from the point of view of the hiring party because it provides legal protection, prevents conflicts of interest and binds the contractor to maintain confidentiality and compliance with the provisions of the company hiring the contractor. Basically, the agreement is a great tool for all the parties signing it.
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