A predetermined retainer fee is a payment made in advance when the contract is signed, in order to guarantee the contractor`s commitment to the project (often within 10-50% of the total contract amount). You should tailor your independent contractor contract to the needs of your specific employment contract. However, certain clauses should be included to protect the interests of the customer and the service provider: this is a proven way of including a clause defining how the contract could end. It should contain the reasons why each party may terminate the contract and the period of notice that each party must give. The legalVision Contractors Agreement presentation is a very simple agreement for contractors. If your contractor relationship is more complex, it is important that you have a lawyer to help you develop the following clauses: a subcontractor is an independent contractor who is commissioned by another independent contractor to carry out a project, often to perform a discreet or specialized task. As the world moves towards a liquid global workforce, companies are beginning to favor independent contractors over full-time workers. To make these unconventional working relationships a success, a well-written and carefully considered contract is the most important ingredient. Or, in this case, an agreement with an independent contractor. This agreement is a form of employment contract used to engage an individual or company to perform a specific and defined task for the employer and contains details such as the type of work, the duration of employment, the rate of pay and any confidential obligations that may exist. This agreement can also be adapted for contractors, consultants or the liberal professions. An independent contractor contract is a legally binding document setting out the terms between a customer and an independent service provider. It contains clauses describing settlement methods, confidentiality agreements, intellectual property terms and other terms that are maintained throughout the duration of the relationship.