Free Contractor Agreement Templates

Download these Free Contractor Agreement Templates to help you easily draft your legal contractor agreement. Moreover, you can also check out our collection of Partnership Agreement Templates.

When a company or individual hires a contractor to provide services or supplies to the company. They sign the agreement with the contractor and it is known as the contractor agreement. This agreement is very common these days and benefits the contractor, owner, or project manager. Most of the time, both parties mutually agree to what will be included in the agreement and they create this official document where in case of big and high-profile projects, this process is done by attorneys and lawyers who create the agreement and decide what will be included as terms and conditions in the agreement for sack and benefit of both parties.

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Brief Description of Contractor Agreement:

When a company hires a contractor for some work or services, some liabilities come along with the project. For example, you hired a contractor to do some construction work on your property and the contractor is either not providing the best quality services or he is way behind the schedule. If there is an agreement between you and the contractor, you can’t ask him to change the way he works or sue him in court for not providing what he agreed to.

This is where the agreement comes in handy, as it forces the contractor to complete his work and tasks exactly as he agreed to in the agreement with the project owner. This agreement not only benefits the project owner but also the contractor. It is possible that even if the contractor has done everything according to the project’s terms and conditions, the owner denies paying him or asks him to extend the payment terms as he can’t arrange for the money to make the payment on time.

This can create problems for the contractor; if there is no agreement, he can’t do anything except wait for the project owner to arrange the money. When the contractor signs the agreement with the owner. He can take this matter to court if the owner refuses to make the payments on time or simply denies paying anything due for any reason. Another important feature of this agreement is that when there is contractor work, there will be some damages to your property or delays in providing goods for your company. When this agreement exists, both the contractor and the project owner can solve the matter without involving a third party in the dispute. This agreement also comes in handy in case of damage and insurance claims on the property, either by the project owner or the contractor.