What is an independent contractor agreement?
An independent contractor agreement is a legal document between a business and a person providing services for the business. This document outlines the responsibilities and expectations of both parties. In Colorado, this agreement should state that the person providing services is an independent contractor, not an employee. It should also clearly describe what services the contractor will provide, the payment terms, and any other relevant information. Both parties have to sign the document in order for it to be valid. Independent contractors are not employees, so they are not entitled to the same benefits or legal protections as employees. They are also responsible for their own taxes and for providing their own materials. Therefore, having an independent contractor agreement is important as it ensures that both parties know their rights and obligations. It also helps protect the business from any potential liabilities that may arise from an independent contractor performing work for them.
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