Simplify Your Billing Process with Our Independent Contractor Billing Template for Businesses

Independent contractor billing template for businesses

this video will guide you through eight steps needed to write an independent contractor agreement for your business contractor agreement drafting is a frequently requested service on the contracts Council platform since business owners want to make sure they are legally protected when hiring contractors if you need to write an independent contractor agreement this video is for you before we start just a brief disclaimer the following information is provided for educational purposes and in no way constitutes legal advice for legal advice we encourage you to consult a licensed attorney we will cover the purpose of independent contractor agreements key terms to include in your agreement and eight steps to follow to write your independent contractor agreement we've also added a link below with information on lawyer pricing if you want to know the cost of hiring a lawyer now let's get started purpose of independent contractor agreements independent contractor agreements are leg legally binding written agreements between a business and a contractor the purpose of independent contractor agreements is to clearly Define the terms of the working relationship protect the rights of both parties and ensure Mutual understanding of job expectations without using contracts a business can open itself up to legal issues some reasons why using an independent contractor agreement is important are as follows one they create a clear agreement of job duties and expectations two they protect both the business and the contractor's rights three they lessen the possibility of disputes four they ensure compliance with relevant laws and five they Safeguard against potential liabilities and risks what to include in your independent contractor agreement there are common terms used in independent contractor agreements here are some you will find one names of the parties the agreement in includes the names of the business and the contractor two job title and description this describes the role and responsibilities of the contractor three compensation and payment this specifies the payment terms including rate schedule and Method four work schedule this outlines the expected work hours and deadlines five contract duration this States the duration of the contract whether it is for a fixed term or a Project based six confidence confidentiality this protects any confidential information shared during the contract seven termination this sets rules on how the contract can be terminated by either party and eight dispute resolution this details the procedure the parties can take in the event of a dispute eight steps to writing an independent contractor agreement here is a list of eight steps you can follow to draft your independent contractor agreement One review VI the commonly used Clauses discussed earlier in this video or find a template online to use as a reference this will allow you to know what to include two identify the key information you want to include in your agreement this may include details about job responsibilities compensation and work schedule three it is critical to use clear and concise language that both parties can understand four once you've written your Clauses organize them so that they are logical for example you likely want to have have the job title and description section come before the compensation and payment section five be sure to incorporate any applicable laws and regulations that govern your industry or business activities note this may require doing some research six if you are unsure about anything consider using contracts council's platform to seek advice from an experienced technology lawyer seven once you've drafted your Clauses review and revise them to make the language clearer and confirm you have included everything needed and eight create a single document to serve as your independent contractor agreement and ensure both parties have access to it drafting an independent contractor agreement for your company is a vital step in protecting both the business and the contractor in a working relationship if you need help from an experienced lawyer feel free to search contract Council or visit contracts council.com and post a job to get quotes from lawyers to help you thanks for watching