If you are a W-2 employee in the United States, there is no agreement or legally binding contract for either side (you or the employer). The following sample independent contractor agreement will help you understand the different parts of a strong independent contractor agreement.There are significant risks in converting existing employees to independent contractor arrangements. We will discuss key points for drafting an effective independent-contractor agreement for multinational organizations. It is important to have clearly set out agreements when signing up employees or independent contractors. For example, you can hire a former employee as a contractor to train new staff, or complete a project or two independently. Petitioners were a subcontractor and his insurance carrier in a workmen's compensation proceeding below. Additionally, Will is well versed in the regulatory landscape surrounding franchise, dealer, app-based, and other independent contractor business relationships. Employee or independent contractor? It's a legal distinction that has significant implication for both workers and employers.