Independent Contractor Agreement Template Free

INDEPENDENT CONTRACTOR AGREEMENT

This Independent Contractor Agreement (the "Agreement") is entered into as of [___________] (the "Effective Date") by and between:

COMPANY: [________________________________________________] (“Company”), with its principal place of business located at [________________________________________________]

AND

CONTRACTOR: [________________________________________________] (“Contractor”), with a principal place of business/residence located at [________________________________________________]

(Collectively, the "Parties").

1. SERVICES

The Company hereby engages the Contractor to perform the following services (the “Services”): [____________________________________________________________________________________________________] [____________________________________________________________________________________________________]

2. TERM

This Agreement shall commence on [___________] and shall continue until the completion of the Services, unless terminated earlier in accordance with the provisions set forth herein.

3. COMPENSATION

In consideration for the Services performed, the Company shall pay the Contractor as follows:

• Rate: [________________________________________________]
• Payment Schedule: [________________________________________________]
• Total Not-to-Exceed Amount: [________________________________________________]

4. INDEPENDENT CONTRACTOR STATUS

The Parties agree that the Contractor is an independent contractor and not an employee, agent, or partner of the Company. The Contractor shall be responsible for all federal, state, and local taxes, withholdings, and any other obligations associated with the payments made hereunder. The Contractor is not eligible for any Company benefits, including but not limited to health insurance, retirement plans, or paid time off.

5. WORK PRODUCT AND INTELLECTUAL PROPERTY

Any work product, designs, inventions, or materials developed by the Contractor in connection with the Services (the “Work Product”) shall be the sole and exclusive property of the Company. The Contractor hereby assigns all rights, title, and interest in and to the Work Product to the Company.

6. CONFIDENTIALITY

The Contractor acknowledges that during the engagement, they may have access to confidential information of the Company. The Contractor agrees to maintain the strict confidentiality of such information and shall not disclose it to any third party without prior written consent from the Company.

7. TERMINATION

Either party may terminate this Agreement at any time by providing [___________] days' written notice to the other party. In the event of termination, the Company shall pay the Contractor for all Services performed up to the effective date of termination.

8. INDEMNIFICATION

The Contractor agrees to indemnify and hold harmless the Company from any claims, damages, or expenses arising out of the Contractor's performance of the Services or any breach of this Agreement.

9. GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the State of [___________].

10. ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the Parties and supersedes all prior agreements, understandings, or representations.

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IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.

COMPANY:

Signature: ___________________________ Date: _______________

Print Name: __________________________ Title: _______________

CONTRACTOR:

Signature: ___________________________ Date: _______________

Print Name: __________________________ Tax ID/SSN: ___________