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The entire agreement should cover the following:General information about the contractor and client.Services and scope of work.Permission to hire subcontractors.Equipment and facilities.Compensation for the services provided.Expenses, travel, and reimbursement policies.Effective date of the agreement.More items...?
Labor contractor means an individual or entity that supplies, either with or without a contract, a client employer with workers to perform labor within the client employer's usual course of business.
The most common way of accounting for this labor when the dollars are insignificant is to allocate the costs to "other direct costs" when the work is for a contract or as "indirect cost" when the work is for an indirect function.
Ten Tips for Making Solid Business Agreements and ContractsGet it in writing.Keep it simple.Deal with the right person.Identify each party correctly.Spell out all of the details.Specify payment obligations.Agree on circumstances that terminate the contract.Agree on a way to resolve disputes.More items...