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Tell me law- 10

Matthew Karakoulakis - Principla at AMK Law Source: NITV Radio

In this milestone episode we discuss the ins and outs of contractors agreements and how they can benefit Indigenous businesses and entrepreneurs.

We start the conversation explaining what contractor agreements are and who needs them.

Matthew Karakoulakis explains that a contractor agreement is a formal, written or verbal contract between the principal (the business or company) and a contractor.

Either or both the principal and the contractor can be natural people or a corporate entity. The contractor agreement is there to form the legal and binding relationship and sets out what the contractor is going to do and how.

In this episode we attempt to answer as many questions as possible around cntractor agreements.

When would an Indigenous business need a contractor agreement? What price clauses should a contractor agreement have? What is the difference between a contractor and an employee? What are the key clauses that must be in a contractor agreement? Wat are the termination clauses and rights? And many more.

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