Updated on: Oct 19th, 2023
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5 min read
When an independent contractor and service provider come together to form a business proposition, an official agreement is signed between them to acknowledge the future prospects of the business. This official document dictates the particulars of the partnership and governs the roles and responsibilities of both the independent contractor and the service provider.
An independent contractor can be an individual, a company, or a business that provides goods and services to a service provider under specified terms which are officially recorded.
This agreement is an official record, capturing all the essential details of the partnership, and can also be used in the court of the law, if needed. The details it consists of are:
This agreement also captures basic details of the independent contractor and the service provider like the address, phone number, complete name of both the parties, company names, and the date when the agreement was signed.
When an independent contractor and service provider partner, they sign an official agreement outlining partnership details. This document includes duration, duties, expenses, confidentiality, intellectual property, warranties, termination, rights, insurance, and conflict of interests. It's legally binding and comprehensive. It captures key information about both parties. Expert services for ITR, GST returns, and more available at affordable prices.