This sample contract agreement outlines the elements to be considered and included in an Independent Contractor Agreement. This sample shall be amended to suit the particular assignment.
Agreement for Services
Parties: The parties to this agreement are Cunningham Advisors LLC, hereafter known as "Cunningham," and (To be completed) hereafter known as (To be completed) their heirs and/or assigns.
Purpose: The purpose of this agreement is to set forth the terms and conditions by which Cunningham will provide models, plans and other financial studies and services to: (To be completed)
Scope of Work: Cunningham is hereby retained to prepare models, plans and studies using various financial software on the following property: . The overarching purpose of this assignment is to determine: (To be completed)
Representations: Cunningham is not responsible for representations made to third parties, particularly lenders and investors, as to the merchantability or fitness of Cunningham’s work, without Cunningham’s review and approval of such representations.
Fee: The price and fee schedule shall be as follows: (To be completed)
Payment and Terms: If the assignment is one a Project Basis, the total estimated fee shall be paid in one-third increments; one-third at the start, one-third upon 50 percent completion, and the balance upon delivery of cash flow models and other work. If the assignment is on a Hourly Basis, invoices shall be submitted the 15th and last day of every month. Payment to be received 10 days from receipt of invoice.
Cancellation: This agreement may be cancelled by Cunningham, provided he gives 30 days written notice to client. Client may cancel this agreement at any time, provided it pays the fee for services up to the point of such cancellation.
Resolution of Disputes: The parties agree that any and all disputes concerning this agreement shall be submitted for arbitration to the Colorado Board of Arbitration, and that both parties agree to abide by the decision of that Board.
Confidentiality and Non-Disclosure: Cunningham agrees to hold all information concerning the project itself and/or the results of his financial analysis confidential and shall not disclose it without prior approval of client.
Authorization: The signatories to this Agreement agree they have authority to sign on behalf of their respective parties.
Miscellaneous: This agreement shall be governed by and construed under the laws of the State of Colorado. Each party represents and warrants that it has full power and authority to execute, deliver and perform this agreement.
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