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An independent contractor agreement is a contract that allows a client to hire a contractor for a specific job. It may also be referred to as a 1099 agreement, based on the IRS form number. Unlike employees, independent contractors are responsible for paying their own taxes. There are significant legal differences between independent contractors and employees, with contractors having more flexibility but less stability. Independent contractor positions have been growing rapidly, especially due to technology advancements. Before creating an independent contractor agreement, consider factors such as the eligibility of the work being contracted.
