When entering into a business partnership with a subcontractor, it`s important to have a formal agreement in place. This agreement outlines each party`s responsibilities, payment terms, and any other important details related to the project. In this article, we`ll provide a sample of a subcontractor agreement that you can use as a template.

Introduction

This subcontractor agreement (“Agreement”) is entered into on [date] by and between [company], a [state] corporation with a principal place of business at [address] (“Contractor”), and [subcontractor], a [state] corporation with a principal place of business at [address] (“Subcontractor”).

Scope of Work

Subcontractor agrees to perform the following services for Contractor in accordance with the specifications outlined in Exhibit A: [description of services].

Term and Termination

The term of this Agreement shall begin on [date] and shall continue until the completion of the services outlined in Exhibit A. Either party may terminate this Agreement for any reason with [notice period] days` written notice to the other party.

Payment Terms

Contractor shall pay Subcontractor the sum of [payment amount] for the services performed under this Agreement. Payment shall be made within [number] days of receipt of Subcontractor`s invoice.

Intellectual Property Rights

Subcontractor acknowledges that all intellectual property rights related to the services and deliverables produced under this Agreement shall be owned by Contractor. Subcontractor agrees to execute any and all documents reasonably necessary to transfer ownership of such intellectual property to Contractor.

Confidentiality

Subcontractor agrees to maintain the confidentiality of any confidential information provided by Contractor and shall not disclose such information to any third parties. This obligation shall survive the termination of this Agreement.

Indemnification

Subcontractor agrees to indemnify, defend, and hold harmless Contractor from any and all claims, damages, and expenses arising out of or related to Subcontractor`s performance of the services outlined in this Agreement.

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of [state].

Entire Agreement

This Agreement constitutes the entire agreement between the parties and supersedes all prior discussions and agreements between them. This Agreement may not be modified except in writing signed by both parties.

Conclusion

This sample subcontractor agreement provides a basic framework for outlining the terms of a business partnership between a contractor and subcontractor. When creating an agreement, it`s important to tailor it to the specific needs of your project and seek legal advice to ensure it complies with all relevant laws and regulations.