The Owner Operator Independent Contractor Agreement is designed for situations where businesses engage self-employed individuals who provide services using their own equipment and resources. This agreement, governed by English and Welsh law, is crucial for establishing clear boundaries between employment and independent contractor status, ensuring compliance with IR35 and other relevant UK regulations. It provides comprehensive coverage of operational requirements, liability provisions, insurance obligations, and payment terms while protecting both parties' interests and maintaining legal compliance.
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1. Parties: Identification and details of contracting parties
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Services: Detailed description of services to be provided
5. Payment Terms: Compensation, invoicing, and payment schedules
6. Term and Termination: Duration and conditions for ending the agreement
7. Independent Contractor Status: Explicit confirmation of self-employed status and IR35 considerations
8. Insurance and Liability: Required insurance coverage and liability limitations
1. Equipment and Resources: Provisions regarding contractor-provided equipment and resources, including maintenance responsibilities
2. Intellectual Property Rights: Ownership and transfer of intellectual property created during the service provision
3. Non-Compete: Restrictions on competing activities and protection of business interests
4. Data Protection: GDPR compliance obligations and data handling requirements
1. Schedule 1 - Services Description: Detailed scope of services and deliverables
2. Schedule 2 - Payment Schedule: Detailed payment terms, rates, and expenses
3. Schedule 3 - Insurance Requirements: Specific insurance types and coverage levels required
4. Schedule 4 - Equipment List: Detailed list of contractor-provided equipment and maintenance requirements
5. Schedule 5 - Service Levels: Performance metrics, quality standards, and reporting requirements
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
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