What is an independent contractor agreement?

An independent contractor agreement is a contract between a business or individual and an independent contractor. In Tennessee, this agreement outlines the terms and conditions of the hiring, responsibilities, and payment of the independent contractor. An independent contractor agreement is used when an individual or company is hired to provide services to another party. The agreement states that the independent contractor is responsible for providing certain services in exchange for monetary compensation. It also outlines the contractual relationship between the two parties, including the expected duties of the independent contractor, payment terms, and other important details. The agreement also explains that the agreement is not an employment relationship; rather, the independent contractor is considered a self-employed individual. This means that the independent contractor is responsible for their own taxes, and is not eligible for benefits like health insurance and retirement plans. The agreement should also indicate any special conditions or limitations on the independent contractor’s services, such as a non-compete agreement or use of confidential information. The agreement must be signed by both parties and it is important to have an experienced business formation law attorney review the agreement to ensure that all of the terms and conditions comply with the laws of Tennessee. This will help protect both parties in the event of a dispute.

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What is an independent contractor agreement?

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