Independent Contractor
An Independent Contractor performs work for another entity as a non-employee, responsible for delivering specific results with control over work methods and timing.
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Definition
An Independent Contractor is a person or entity contracted to perform work for another entity as a non-employee. They are responsible for delivering a specific result but have control over how and when the work is done.
Purpose
Hiring independent contractors allows businesses to complete projects or tasks without the responsibilities associated with hiring employees, such as providing benefits or managing work schedules.
Examples of Use
- A company hiring a freelance graphic designer for a branding project.
- An individual employing a contractor to renovate their home.
- Businesses outsourcing IT support to independent consultants.
Related Terms
- Freelancer: A self-employed person offering services, usually to multiple clients at a time.
- Consultant: A professional who provides expert advice in a particular area.
- Gig Economy: A labor market characterized by short-term contracts or freelance work as opposed to permanent jobs.
Notes
Independent contractors are not covered by employment laws that protect employees, so contracts must clearly outline terms, scope, and payment to avoid misunderstandings and disputes.
Related Terms
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