A New York independent contractor agreement is used to outline the business relationship between a freelance worker and a client hiring their services. The contractor-client relationship should not be confused with an employer-employee relationship; the contractor has more freedom and control, is usually hired for a specific assignment, and will not receive employee benefits. The document will also relay the financial aspects of the agreement, including compensation, insurance coverage, and reimbursements.
Once both parties sign the agreement, it becomes legally binding and both parties will be responsible for holding up their end of the arrangement.