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An independent contractor agreement is a contract for hiring a contractor for a specific job. Also known as a 1099 agreement, independent contractors must file taxes on their own. This differs from employees, who have taxes deducted automatically. There are legal distinctions between independent contractors and employees, with contractors having more flexibility but less stability. Independent contractor positions have grown rapidly in the last decade due to changing technology. Before drafting an independent contractor agreement, consider the eligibility of the work and important legal considerations.
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