An Independent Contractor Agreement is a legal document for contractors and clients to set their terms. An Independent Contractor Agreement is a contract between a company and an independent contractor to hire the contractor without them becoming an employee.Clearly outline project details and ensure fair payment terms with our independent contract agreement template. Create and download your agreement for free! Benefits of Using Independent Contractor Agreements. Clarity and Expectations; Legal Protection and Compliance; Flexibility for Both Parties. Master the basics of drafting an Independent Contractor Agreement with our comprehensive policy and customizable template. Benefits of Using Independent Contractor Agreements. The following sample independent contractor agreement will help you understand the different parts of a strong independent contractor agreement. An employer-employee relationship may exist regardless of how the hiring party describes it.