INDEPENDENT CONTRACTOR AGREEMENT
An Independent Contractor Agreement is a legally binding contract which governs the relationship between a person or business providing industry specific freelancing services to another business.
Unlike an employee, an independent contractor does not work regularly for the employer, but rather on an “as needed” or short term basis, and is paid on a per-job basis. Independent contractor agreement Virginia.
Independent Contractor Agreement Key Terms
Key terms in an independent contractor agreement template will include:
It is always important to remember to properly define the role of an independent contractor, particularly for tax reasons, and protection against employee misclassification.
The parties should be as detailed as possible when discussing the specifics of the tasks and deliverables that the independent contractor is expected to complete. Obviously, it’s important that the parties are clear on the work and tasks that will govern their relationship.
The independent contractor agreement should clearly define how the independent contractor will be paid, and how he/she wants to be billed.
This section under an independent contractor agreement is all the more important when dealing with larger entities with a multitude of departments or units. An effective process of communication should also be established from the outset. Independent contractor agreement sample.
Any project timelines or deadlines should be clearly identified in the independent contractor agreement. If this is not possible, approximate dates are also suitable to set expectations.
Further, there should be an explanation of what standard would constitute a successful deliverable. For example, this can be done through the use of actionable metrics. This will also allow the independent contractor to understand the step-by-step process and ensure progress is being made towards the goals.
Product ID: 23922AJ13
⇒ Revisions Approved
⇒ Plain English & Easy Editing
⇒ Guidance Notes Included
⇒ Money Back Guarantee
⇒ Length: 4 pages (min.)
⇒ Last Revision: 10 July 2020
⇒ Format: MS Word (.DOCX)
⇒ Rev. Number: 12980119
⇒ Product ID: 23922AJ13
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