Glossary

An independent contractor agreement is a valuable tool that helps establish a positive working relationship between a hiring company or individual and an independent contractor. 

It's important to note that the specific elements of an independent contractor agreement may vary depending on the nature of the engagement and the parties involved. 

However, an independent contractor agreement typically includes the following ten features:

1. Introduction — The introduction identifies the parties and defines their roles and responsibilities.

2. Services to be Performed — The services to be performed section outlines the specific services the independent contractor will perform for the client.

3. Payment — The payment portion details the payment structure, including the amount, payment schedule, and any expenses that will be reimbursed.

4. Term and Termination — The term and termination section specifies the duration of the agreement and the conditions under which either party can terminate the contract.

5. Confidentiality — The confidentiality section contains the confidentiality obligations of both parties, including protecting trade secrets and other confidential information.

6. Intellectual Property — The intellectual property portion addresses ownership of any intellectual property created during the engagement.

7. Indemnification — The indemnification area specifies who is responsible for any liabilities arising from the services' performance.

8. Insurance — The insurance segment shapes the insurance requirements for the independent contractor and the client.

9. Dispute Resolution — The dispute resolution sector details the process for resolving any disputes that may arise under the agreement.

10. Governing Law — The governing law portion provides the prevailing law to apply to the agreement.

Establishing clear expectations and rights in an independent contractor agreement is the key to fostering a productive and collaborative partnership while effectively preventing any potential disputes.