Learn about AB 5 and how to determine if a worker is an independent contractor or employee. 13.3 Independent Contractors.The new law aims to give freelancers "basic worker protections" and the right to be paid on time. An independent contractor agreement is a contract between a freelancer and a client outlining work specifics. This article will outline four steps for hiring international contractors overseas and how Wise can help cut costs on global payments. An international contractor is an independent foreign worker who offers professional services to a company. The buyer must complete Form 593-I, "Real. Estate Withholding Installment Sale Agreement. The Contractor is, for all purposes arising out of this contract, an independent Contractor and shall not be deemed an employee of the. Another advantage to purchasing ownership interests lies in the burden an asset sale places on the transaction under "bulk sale" laws.