Your Independent Contractor Agreement formalizes the relationship between your business and an independent contractor. Unlike employees, contractors typically operate as their own business entities, providing specialized services or completing specific tasks or projects. This agreement sets clear boundaries, expectations, and protections for both parties.
Key clauses within this agreement often include scope of work (outlining tasks, responsibilities and deliverables); compensation and payment terms; intellectual property ownership and license; and CYA provisions ensuring neither party is legally or financially responsible for the mistakes of the other.
This agreement is a critical tool for businesses looking to engage external professionals to safeguard their interests while creating a transparent and mutually beneficial working relationship. By spelling out the terms and conditions of the engagement, this agreement helps ensure clarity, compliance, and confidence throughout the collaboration.