Owner operator contract template, Anytime you put out to hire a contractor or a subcontractor you will need to be certain you have a written contract in place. This document represents an agreement between both parties as to what is expected and the compensation that will be paid when the job was completed. It’s a legally binding contract according to the law when it has been signed and should be quite specific in character so as to avoid any confusion or possibility of misinterpretation on each party’s behalf. To make sure that the arrangement you fill out is organised properly it’s possible to look through various contract arrangement samples to locate one that best represents your requirement.
This type should be broken down into several segments to make sure that all facets of the contract have been covered and there’s absolutely no room for mistake. It should begin with a section that describes who is doing the hiring and who is being hired. This section may also be used to describe in detail the job that the person or business is being hired to carry out. It might also cover any components or materials which should be used and any technical equipment which will be necessary. For example John Smith is hiring Fred Blogs to use his backhoe to dig a trench for utilities that is 3 ft wide by 6 feet deep and 200 yards long.
The following part of this contract agreement should cover reimbursement, meaning how much the person or company is going to be paid for the work they’ve been hired to do. This is followed by an assurance of providers which is the builder agreeing to provide the listed services for the agreed upon amount and that all information obtained during the project will be kept in the strictest confidence where deemed necessary by the employer. Finally the contract agreement should include information that covers when the contract is to start and when it to end.
For those who have never needed to complete this type of contract you’ll be able to look online where you’ll come across many different sample contract arrangements that cover every imaginable kind of job. You’ll most likely find many that link directly to the job you’ve got in mind and should be certain the one you select is lawful in the state where you’re headquartered. Since this is a legally binding contract it’s your job to be sure you cover all of the bases and leave no space for the individual contractor you employ to create a problem at any stage during the duration of the contract.