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What Is an Independent Contractor? An independent contractor is a self-employed person or entity contracted to perform work foror provide services toanother entity as a non-employee.
On private projects, Massachusetts Prompt Pay law requires property owners to make progress payments to Prime Contractors within 45 days after approval of invoice. The invoice must be approved or denied within 15 days.
A contractor is a business or entity that agrees to perform work under terms of a contract. Contractors are distinct from employees in that they are generally in charge of how work will be performed and are obligated to provide a specified result for the employer.
An attorney or accountant who has his or her own office, advertises in the yellow pages of the phone book under Attorneys or Accountants, bills clients by the hour, is engaged by the job or paid an annual retainer, and can hire a substitute to do the work is an example of an independent contractor.
Overall, a general contractor is responsible for planning, executing, overseeing, and inspecting a construction project. Their responsibility extends from the start of the project to the projects finish, irrespective of its scope.
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Contractors are professionals who provide skills or services to companies for a fixed period. They may be contracted for a set number of hours, a specific time frame, or for a projects duration. Contractors can be self-employed, work independently as sole traders, or run their own limited company.
Name Identifying the Signatory It specifies the individual or entity entering into the contract. This clear identification prevents ambiguity about the parties involved, ensuring that the contract is enforceable against the correct entities.
The entity providing the services is the contractor; the person receiving the services is the contractee. A contract is an agreement that involves at least two parties. All parties involved have to agree on certain terms and conditions and sign the contract in order for it to be legally official.

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