Independent contractor contracts help protect both the contractor and the contracting party.
Independent contractor contracts can be used for any type of work where a self-employed professional is hired for a period of time to complete a task. These documents help protect both the contracting party and the independent contractor and ensure that project specifications are defined in advance. Generally, independent contractor contracts specify the nature of the project, the amount of time it is expected to complete, and the estimated charges for the project. Additional information, such as nondisclosure agreements or cancellation clauses, may also form part of these agreements.
To get started, independent contractor contracts will specify the name of the company or individual who hires the freelancer, as well as the independent freelancer’s name and contact information. The contract start date will also be specified, followed by a description of the job or project for which the freelancer is being hired. The specifics of this job description may vary depending on its length and the degree to which the company or contractor is concerned that the work will be completed as specified. It should at least specify the minimum requirements for the project.
The agreed payment for the work or project must also be specified in independent contractor contracts. This may change if the project takes longer than anticipated or there are additional expenses, but it is important that payment terms and conditions are specified. The time when payments will be made, such as biweekly or monthly, must also be specified. This will help to avoid confusion or problems and ensure that work on the project can continue smoothly without interruptions due to non-payment.
The terms by which the agreement can be broken should also be included in independent contractor contracts. Generally, the employer and employee can terminate the contract for any reason if specified in the original written document, although it may require a certain payment of funds in some cases. These clauses help protect both the employer and the contractor by ensuring that if the job is not working out, they are free to look elsewhere for help. Anyone especially concerned about what is included or not included in a contract, especially for large projects, may want to go over it with a lawyer just to make sure it is acceptable before signing it. It may even be helpful to search online for example contracts to get ideas of what to include.