Being self-employed has its advantages. You can set your own schedule, avoid commuter traffic, and have the freedom to negotiate your prices. Of course, there are drawbacks to working for yourself—such as paying quarterly taxes or forgoing employee health and retirement plans. For many contractors, however, one major source of frustration is determining whether or not a Work for Hire Agreement is in their best interest.
Before signing any written agreement, it is important that you, the contractor, consult an attorney who has experience in contract litigation. Your attorney will review the terms and conditions of the agreement to identify any liabilities and also to ensure that the scope of work and responsibilities (for both parties) are clearly defined and documented.
An Independent Contractor Agreement, or any contract-based agreement, is designed to provide legal protection to both the company and the hired contractor, and it should include the following terms:
- Scope of Work
- Roles and Responsibilities
Depending on the nature of contract services, an agreement may also contain conditions regarding intellectual property rights or a non-disclosure agreement, especially if you are creating a product for a business.
Remember to pay close attention to the language surrounding the aforementioned terms, as a misinterpretation may lead to a contract dispute that requires either legal mediation or legal arbitration, depending on the terms and conditions of the agreement in question.
If you are in need of experienced contract drafting services or professional legal representation regarding a contract dispute or contract breach, The Minneapolis attorneys at KTF Law Firm are here to help! We are committed to tailoring our legal services to support your business needs.
Contact our Minnesota Law Firm today to schedule a consultation.