An "independent contractor agreement" is a contract between two parties where the "contractor" provides consulting services to the other party. Independent contractor work runs the gamut from technology services, management consulting, marketing advice to financial services. The key issues for drafting independent contractor agreements include:

• The exact services to be rendered
• The compensation and payment schedule
• Timing as to when services are to be rendered
• Level of performance expected
• Representations and warranties of the contractor
• Termination provisions
• Dispute resolution mechanism
• Any limitations on the liability of the contractor

An independent contractor agreement is also sometimes referred to as a consulting agreement, agreement for professional services or a consulting services agreement. A sample independent contractor agreement can be found at www.LegalAgreements.com.