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INDEPENDENT CONTRACTOR BROKER AGREEMENT
THIS AGREEMENT made and entered into on the date last written below, by and betwee n
__________________ (hereinafter "Employer"), and __________________, an independent
contractor (hereinafter "Broker");
WHEREAS, the Employer desires to retain the services of Broker, and Broker desires to rende r services
to the Employer, upon the terms and conditions hereinafter stated:
NOW, THEREFORE, the parties hereto, intending to be legally bound hereby, do hereby promise
and agree as follows:
SECTION 1 – SCOPE OF DUTIES TO BE PROVIDED
1.1 Term . Employer agrees to hire Broker, at will, for a term commencing on
__________________ , 20 and continuing until terminated in accordance with Section
4 of this agreement.
1.2 Duties . Broker agrees to perform work for the Employer on the terms and conditions set forth in
this agreement and agrees to devote all necessary time and attention (reasonable periods of illness
excepted) to the performance of the duties specified in this agreement. Broker's duti es shall
include the following:
_________________ _.
Broker further agrees that in all aspects of such work, Broker shall comply with the poli cies,
standards, regulations of the Employer from time to time established, and shall perform the duties
assigned faithfully, intelligently, to the best of his/her ability, and in the best int erest of the
Employer.
SECTION 2 – CONFIDENTIALITY
2.1 Confidentiality . Broker acknowledges and agrees that all records, lists and information
pertaining to clients and cases and other Employer and client data and i nformation related to its
business (hereinafter collectively "Confidential Information") are valuable assets of the
Employer. Except for disclosures required to be made to advance the business of the Employer
and information which is a matter of public record, Broker shall not, during the term of this
Agreement or after the termination of this Agreement, disclose any Confidential Informa tion to
any person or use any Confidential Information for the benefit of Broker or any other person,
except with the prior written consent of the Employer. Employer understands that certai n
Confidential Information may be required to be disclosed to certain individuals: direct ors,
officers, employees, agents, or advisors (collectively, Representatives) of Broker. Broker shall
maintain records of the persons to whom Confidential Information is distributed, will inform all
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such persons of the confidential nature of the information, will direct them to treat such
information in accordance with this agreement, will exercise such precautions or me asures as may
be reasonable in the circumstances to prevent improper use of Confidential Information by t hem,
and will be responsible for any breaches by them of the provisions of this agreement. The term
“confidential information” does not include information that is or becomes publicly a vailable
(other than through breach of this Agreement) or information that is or becomes available to
Broker on a non-confidential basis, provided that the source of such information was not known
by Broker (after such inquiry as would be reasonable in the circumstances) to be bound by a
confidentiality agreement or other legal or contractual obligation of confidentialit y with respect to
such information. In the event that Broker or any of Broker’s representatives, assigns, or agents
are requested or required by law or legal process to disclose any of the Confidential Informa tion,
the party required to disclose such information shall provide Employer with prompt oral and
written notice before making any disclosure. In addition, Confidential Information may be
disclosed to the extent required in the course of inspections or inquiries by federal or state
regulatory agencies to whose jurisdiction Broker is subject and that have the legal ri ght to inspect
the files that contain the Confidential Information, and Broker will advise Employer prom ptly
upon such disclosure.
2.2 Return of Documents . Broker acknowledges and agrees that all originals and copies of records,
reports, documents, lists, plans, memoranda, notes and other documentation related to the
business of the Employer or containing any Confidential Information shall be the sole and
exclusive property of the Employer, and shall be returned to the Employer upon the terminat ion
of this Agreement or upon the written request of the Employer.
2.4 No Release . Broker agrees that the termination of this Agreement shall not release Broker from
any obligations under Section 2.1 or 2.2.
SECTION 3 - COMPENSATION
3.1 Compensation . In consideration of all services to be rendered by Broker to the Employer, the
Employer shall pay to said ________________ __ the amount of $ per bi-
weekly
month year other ________________ __ .
3.2 Withholding; Other Benefits . Compensation paid pursuant to this Agreement shall not be
subject to the customary withholding of income taxes and other employment taxes. Broker shall
be solely responsible for reporting and paying any such taxes. The Employer shall not provide
Broker with any coverage or participation in the Employer's accident and health insuranc e, life
insurance, disability income insurance, medical expense reimbursement, wage continuati on plans,
or other fringe benefits provided to regular employees.
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SECTION 4 - TERMINATION
4.1 Termination at Will. This Agreement may be terminated by the Employer immediately, at will,
and in the sole discretion of Employer. Broker may terminate this Agreement upon days
written notice to Employer. This Agreement also may be terminated at any time upon the mutual
written agreement of the Employer and Broker.
4.2 Contract Duration Notwithstanding Section 4.1of this Agreement, the duration of this contract
shall be for a period of months years and shall terminate on
__________________ , 20
.
SECTION 5 - INDEPENDENT CONTRACTOR STATUS
5.1Broker acknowledges that he/she is an independent contractor and is not an agent, partner, joint
venturer nor employee of Employer. Broker shall have no authority to bind or otherwise obligate
Employer in any manner beyond that specified in the Agreement, nor shall Broker represent t o
anyone that it has a right to do so. Broker further agrees that in the event that the Employer
suffers any loss or damage as a result of a violation of this provision Broker shall indemnify and
hold harmless the Employer from any such loss or damage.
5.2 Assignment. The Broker shall not assign any of his/her rights under this agreement, or delegate
the performance of any of his/her duties hereunder, without the prior written consent of the
Employer.
SECTION 6 - REPRESENTATIONS AND WARRANTIES OF BROKER
6.1 Broker represents and warrants to the Employer that there is no employment contract or othe r
contractual obligation to which Broker is subject, which prevents Broker from entering i nto this
Agreement or from performing fully Broker's duties under this Agreement.
6.2 Broker represents that he/she is licensed by the appropriate licensing agency for the __________________ profession and that he/she is in good standing with such agency.
6.3The following are the required licenses and certifications held by broker:
_________________ _ .
SECTION 7 - INSURANCE .
Broker shall obtain and maintain in force, at its own expense, throughout the performance of
his/her/its obligations under this Agreement, insurance coverage against claims, regardless of
when asserted, that may arise out of, or result from, Broker's operations in connection with the
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services or duties described above. This insurance shall include the following coverage(s) that
is(are) checked below:
General Malpractice Liability or General Errors and Omissions coverage for losses
incurred as a result of professional malpractice or professional errors and omissions made in the
performance of this agreement.
Fidelity coverage for losses incurred as a result of dishonesty on the part of Broker's
employees, agents or sub-brokers.
Other Insurance Requirements : _________________ _ .
SECTION 8 - MISCELLANEOUS PROVISIONS
8.1The provisions of this Agreement shall be binding upon and inure to the benefit of the heirs,
personal representatives, successors and assigns of the parties. Any provision hereof which
imposes upon Broker or Employer an obligation after termination or expiration of this Agreement
shall survive termination or expiration hereof and be binding upon Broker or Employer.
8.2 No waiver of any provision of this Agreement shall be deemed, or shall constitute, a waiver of
any other provision, whether or not similar, nor shall any waiver constitute a continuing wai ver.
No waiver shall be binding unless executed in writing by the party making the waiver.
8.3 This Agreement shall be governed by and shall be construed in accordance with the laws of the
State of _________________ _ .
8.4This Agreement constitutes the entire agreement between the parties pertaining t o its subject
matter and supersedes all prior contemporaneous agreements, representations and understandings
of the parties. No supplement, modification or amendment of this Agreement shall be bi nding
unless executed in writing by all parties.
8.5 Severability. If any provision of these policies and regulations or the application thereof to any
person or circumstances is held invalid, such invalidity shall not affect other provisions or
applications of these policies and regulations which can be given effect without the i nvalid
provision or application, and to this end the provisions of these policies and regulations are
severable. In lieu thereof there shall be added a provision as similar in terms to such illegal,
invalid and unenforceable provision as may be possible and be legal, valid and enforceable .
WITNESS OUR SIGNATURES, this the day of
__________ ,20 .
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_________________ _
EMPLOYER
_________________ _
BROKER
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