Description
What is an Independent Contractor Agreement?
An independent contractor agreement is a contract that governs the relationship when an individual or entity provides services to another individual or business. Individuals are often independent contractors, whether on their own or through an entity. It’s vital to legitimately establish the relationship upfront as that of an independent contractor, and not one of employment. An important distinction between an employment relationship and an independent contractor relationship is that the business does not have to provide benefits or insurance to the contractor. In addition, the contractor is responsible for paying his/her own taxes and expenses.
Why do I need an Independent Contractor Agreement?
Any business hiring a worker who is not an employee, whether on a project or a long-term basis, should enter into a written agreement to govern the contract terms. Also, if you are an independent contractor doing work for a business, you benefit by having a written contract to ensure you are paid as agreed upon by the parties.
What’s included in the Legal Wise Enterprise Independent Contractor Agreement?
Legal Wise Enterprise downloadable templates come in an easy-to-use Word format. There are prompts for you to fill in and customize for your business.
Our Independent Contractor Agreement allows you to spell out important terms, including:
- That the relationship of the parties is that of an independent contractor and not employment
- The consultant is responsible for all taxes and his/her own insurance
- The length of the term of the agreement, and how it can be terminated
- A description of the services to be provided by the contractor
- The amount of the contractor’s fees, and also how the contractor will be paid
- Protection of the Company’s trade secrets and other confidential data and documents
- Standard contract provisions such as assignment, governing law, waiver, and permitting electronic signatures
We also provide a set of instructions and helpful tips to make sure you get the most out of your template purchase!
Please note the following:
State laws regarding independent contractors differ; therefore, consult with an attorney licensed in your state if you have any questions regarding the independent contractor relationship.
Legal Wise Enterprise documents are only for use in the United States.
The document is for general use only and is not intended as, and shall not be understood or construed as, legal, tax, or any other professional advice. Your purchase and/or use of this document does not form an attorney-client relationship. If you have legal questions or need advice, please consult the advice of an attorney licensed in your state of residence. While the document has been prepared with due care, we do not warrant or represent that the document is free from errors or omissions. Legal Wise Enterprise does not guarantee any particular result from the use of this document.
Legal Wise Enterprise retains all copyrights and intellectual property rights in and to this document. The purchase of this document provides you with a limited, personal, non-exclusive, non-transferable, non-commercial license to use the document for your own personal or business use.
