Free Independent Contractor Agreement Template
Independent Contractor Agreement
I. Introduction
This Independent Contractor Agreement (“Agreement”) is entered into as of 20th December, 2050, by and between:
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[Your Company Name], a corporation organized and existing under the laws of the State of Colorado, with its principal place of business located at [Your Company Address], represented by [Your Name], Chief Executive Officer (hereinafter referred to as “Company” or "Party A"); and
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Hank Wilkins, residing at Fort Wayne, IN 46801 (hereinafter referred to as “Contractor” or "Party B").
WHEREAS, the Company desires to hire the Contractor to provide certain services, and the Contractor agrees to perform such services under the terms of this Agreement;
NOW, THEREFORE, in consideration of the mutual covenants and agreements herein, the parties agree as follows:
II. Scope of Work
1. Services
Contractor agrees to provide the following services (the “Services”) to the Company:
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Consulting on business operations and strategy.
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Designing and implementing marketing strategies.
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Providing technical support and system management.
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Additional services as specified by the Company from time to time.
2. Deliverables
Contractor agrees to provide the following deliverables:
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Monthly reports on consulting activities.
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Marketing strategy documents and presentations.
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System performance and support assessments.
3. Timeline
Contractor will begin performing the Services on 20th December, 2050, and will continue to perform the Services until 20th June, 2051, unless terminated earlier as provided in this Agreement.
III. Compensation
1. Payment
Company agrees to pay the Contractor a total fee of $8,000 for the completion of the Services outlined in this Agreement. Payment will be made as follows:
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$4,000 upon execution of this Agreement, to be paid on 20th December, 2050.
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$4,000 upon completion of all Services and final deliverables on 20th June, 2051.
2. Payment Method
Payments will be made via bank transfer to the following account details:
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Bank Name: First Financial Bank
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Account Number: 987654321
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Routing Number: 123456789
Contractor will provide invoices upon completion of each payment milestone.
3. Late Payments
If Company fails to make any payment on the agreed date, a 5% late fee will apply for every 10-day period of delay.
IV. Independent Contractor Status
1. Relationship of the Parties
It is agreed that the Contractor is an independent contractor and not an employee of the Company. The Contractor will not be entitled to any benefits provided by the Company to its employees, including but not limited to health insurance, vacation, or retirement benefits. The Contractor has no authority to act on behalf of or bind the Company in any manner.
2. Taxes
The Contractor acknowledges that they are responsible for paying all applicable federal, state, and local taxes, including income taxes and self-employment taxes, related to the compensation received under this Agreement.
3. Insurance
The Contractor is responsible for maintaining their own insurance coverage, including health, liability, and any other insurance as required to perform the Services.
V. Confidentiality
1. Confidential Information
Contractor agrees to keep all proprietary and confidential information disclosed by the Company during the course of this Agreement confidential. This includes, but is not limited to, business plans, marketing strategies, financial data, and client information.
2. Non-Disclosure
Contractor agrees not to disclose any confidential information to third parties without the prior written consent of the Company.
3. Return of Property
Upon termination of this Agreement, Contractor agrees to return all materials and property belonging to the Company, including but not limited to documents, files, and any intellectual property.
VI. Termination
1. Termination by the Company
The Company may terminate this Agreement at any time, with or without cause, by providing seven (7) days’ written notice to the Contractor. Upon termination, the Contractor will be compensated for all services rendered up to the termination date.
2. Termination by the Contractor
The Contractor may terminate this Agreement by providing seven (7) days’ written notice to the Company. The Contractor will be compensated for services performed up to the termination date.
3. Effect of Termination
Upon termination, the Contractor will cease all Services and return any Company property. If termination occurs before the completion of the Services, the Contractor will receive compensation for all completed Services.
VII. Ownership and Intellectual Property
1. Work Product
Any work product, including designs, written content, reports, and other deliverables created by the Contractor during the term of this Agreement shall be the sole property of the Company.
2. Assignment of Rights
The Contractor agrees to assign any intellectual property rights in any work created during the course of this Agreement to the Company, and to take any actions necessary to protect the Company’s rights in such work.
VIII. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of Colorado, without regard to its conflict of law principles. Any disputes under this Agreement shall be resolved in the courts located in [Your Company Address], Colorado.
IX. Miscellaneous
1. Entire Agreement
This Agreement constitutes the entire understanding between the parties with respect to the subject matter hereof and supersedes all prior agreements, whether written or oral, relating to the subject matter of this Agreement.
2. Amendments
This Agreement may only be amended in writing and signed by both parties.
3. Severability
If any provision of this Agreement is found to be invalid or unenforceable, the remainder of the Agreement will continue in full force and effect.
X. Signatures
IN WITNESS WHEREOF, the parties have executed this Independent Contractor Agreement as of the date first written above.
[Your Company Name]
[Your Name], Chief Executive Officer
Date: 20th December, 2050
Hank Wilkins
Hank Wilkins, Contractor
Date: 20th December, 2050
For any inquiries regarding this Agreement, please contact [Your Name] at [Your Email] or [Your Company Name] at [Your Company Email].
