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Independent Contractor Agreement

Agreement between a company and an independent contractor defining the scope of work, payment terms, and intellectual property ownership.

Instructions

Parties: Identify the hiring party (company) and the contractor

Scope of Work: Describe the services in detail — attach an exhibit if complex

Compensation: Specify rates (hourly, project-based, or milestone), payment schedule, and invoicing process

Term: Set start and end dates, or define project completion triggers

IP Ownership: Assign all work product to the company (work-for-hire clause)

Relationship: Confirm contractor status — this is NOT an employment agreement

Termination: Define how either party can end the relationship

Important: Misclassifying employees as contractors can result in IRS penalties, back taxes, and lawsuits.