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An independent contractor agreement allows a client to hire a contractor for a specific job, also known as a 1099 agreement. Unlike employees, independent contractors must file their own taxes and do not have taxes automatically deducted from their payment. There are significant legal differences between independent contractors and employees, with contractors typically having more flexibility but less stability. The growth of independent contractor positions has been rapid in recent years due to evolving technology. Before finalizing an independent contractor agreement, both parties should consider if the work is eligible for independent contracting.
