The inclusion of a liquidation clause is not without risks. The agreed amount may not be sufficient to cover the entirety of the damage suffered by the owner. Or perhaps larger than the amount ordered by a court. However, with a liquidated compensation clause, the owner can be assured of recovering a certain amount for construction delays and the contractor may limit his exposure. When it`s time to issue and execute an agreement that commits an independent contractor and clients to play their respective roles in relation to a project and payment, check out the three buttons below the preview on this page. Note that three types of files form the names of these buttons. Simply click on the name of the file version you want to use. The desired agreement can also be accessed through the “Adobe PDF,” Microsoft Word (.docx) or “Open Document Type” links in this section. The statement in “I. The contracting parties” are being sued with another marked area. Here we will make a production of the independent contractor who wants to take responsibility for the work on the client project, assignment or production as non-collaborators or independent contractors. The full name of this part must be mentioned in the first blank line after the word “contracting” in bold, while the first line to the address of the holder immediately after the term “… with a postal address. Then fill in the postal address of the independent contractor by entering the city and the corresponding state in the next two available lines.
The parties “, we will document the independent contractor and the client involved in the employment contract. The bold “Customer” label introduces this section, in which the party must be fully identified, which agrees to pay the independent contractor a specified amount of money in exchange for the completion of a project, task, work or production.