Independent Contractor Agreement Template Word

INDEPENDENT CONTRACTOR AGREEMENT

This Independent Contractor Agreement (the "Agreement") is entered into as of this ______ day of __________________, 20____ (the "Effective Date"), by and between:

COMPANY: ________________________________________________ (the "Company"), with its principal place of business located at ________________________________________________ (the "Company Address"),

AND

CONTRACTOR: ________________________________________________ (the "Contractor"), an individual/entity with a principal place of business/residence located at ________________________________________________ (the "Contractor Address").

1. SERVICES TO BE PERFORMED

The Contractor agrees to perform the following services (the "Services"): ____________________________________________________________________________________________________ ____________________________________________________________________________________________________

2. TERM

This Agreement shall commence on the Effective Date and shall continue until the completion of the Services, or until terminated by either party in accordance with the provisions herein. The expected completion date is __________________, 20____.

3. COMPENSATION

In consideration for the services rendered, the Company shall pay the Contractor as follows: [ ] A flat fee of $__________ for the completion of the project. [ ] An hourly rate of $__________ per hour. [ ] Other: ________________________________________________.

Payment shall be issued within ______ days of receipt of an itemized invoice from the Contractor.

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 solely responsible for the payment of all federal, state, and local taxes, including self-employment taxes, and shall not be entitled to any employee benefits, including but not limited to health insurance, retirement plans, or paid leave.

5. WORK PRODUCT AND INTELLECTUAL PROPERTY

Any work, inventions, ideas, or materials created, developed, or discovered by the Contractor during the course of this Agreement ("Work Product") shall be deemed "work made for hire" and shall be the sole and exclusive property of the Company. The Contractor hereby assigns all right, title, and interest in the Work Product to the Company.

6. CONFIDENTIALITY

The Contractor acknowledges that in the course of performing services, they may have access to confidential information. The Contractor agrees to maintain the confidentiality of all such information and shall not disclose it to any third party without the prior written consent of the Company.

7. TERMINATION

Either party may terminate this Agreement upon ______ days' written notice to the other party. In the event of termination, the Contractor shall be compensated for all services performed up to the date of termination.

8. INDEMNIFICATION

The Contractor agrees to indemnify, defend, and hold harmless the Company from any claims, damages, liabilities, or expenses (including reasonable attorney fees) arising out of or related to 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/Province of __________________.

10. ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the parties and supersedes all prior discussions or understandings. Any modifications to this Agreement must be in writing and signed by both parties.

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IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

COMPANY:

Signature: ___________________________ Print Name: __________________________ Title: ________________________________

CONTRACTOR:

Signature: ___________________________ Print Name: __________________________ Tax ID/Social Security No: _____________