Independent Contractor Agreement
All You Need to Know About an Independent Contractor Agreement
Have you ever heard of an independent contractor agreement? Well, if you have not, you do not have to worry at all. Here are some of the most important things that you need to know about this useful agreement.
What is an Independent Contractor Agreement?
An agreement is a written statement that you can use to define a certain deal that you make with another party. A contractor agreement is also known as the 1099 agreement. It is a contract between a client and a contractor.
This kind of agreement is usually made when a client agrees to pay for the services of a contractor. Because it is an agreement for an independent contractor, the client will be responsible for everything in the payment, including the tax withholdings.
Sample of Independent Contractor Agreement :
Why Do I Need a Contractor Agreement?
A contractor agreement is very important because of several reasons. First of all, this kind of agreement can help you specify the payments that you need to make to the contractor. Other than that, it is following the Internal Revenue Service, where independent contractors are not considered employees. That is why the client needs to pay them based on the job that they are doing. And that is why you need an independent contractor agreement.
Independent Contractor Agreement | word – download