Stipulation agreement template, Anytime you put out to hire a contractor or a subcontractor you’ll need to make sure that you have a written contract in place. This document represents an agreement between both parties regarding what is anticipated and the compensation that will be paid when the job has been completed. It is a legally binding contract according to the law when it’s been signed and ought to be quite specific in nature so as to prevent any confusion or chance of misinterpretation on each party’s behalf. To ensure the arrangement you fill out is formatted properly it’s possible to look through different contract arrangement samples to find one which best represents your requirement.
This type should be broken down into several segments to be certain that all facets of the contract are covered and there’s absolutely no room for mistake. It should start with a department that explains who’s doing the hiring and who is being hired. This section can also be used to describe in detail the job that the person or business is being hired to perform. It might also cover any components or materials which should be used and any technical equipment that will be necessary. For example John Smith is hiring Fred Blogs to use his backhoe to dig a trench for utilities which is 3 feet wide by 6 feet deep and 200 yards long.
The following section of this contract arrangement should cover reimbursement, meaning how much the person or company is going to be paid for the work they’ve been hired to perform. This is followed by an assurance of services which is the contractor agreeing to provide the listed services to the agreed upon amount and that all information obtained during the job is going to be held in the strictest confidence where deemed necessary by the employer. Ultimately the contract agreement should include information that covers when the contract is to begin and in regards to finish.
For those who have never had to finish this type of contract you’ll be able to look online where you will come across a lot of different sample contract agreements which cover every possible type of occupation. You will most likely find several that relate directly to the job you have in mind and should be sure that the one you select is legal in the state where you are headquartered. Because this is a legally binding contract it’s your job to make sure you cover all of the bases and leave no space for the independent contractor you hire to make a problem at any point during the length of the contract.