A New Hampshire subcontractor agreement is a written contract that contains the key components of the working relationship between a subcontractor and a contractor. The subcontractor is hired to perform specific services on a large project that the contractor is managing for a client. However, this agreement does not create an employer-employee relationship between the subcontractor and the contractor or the client.
A subcontractor agreement dictates that the subcontractor has independent contractor status; it is their duty to maintain the proper liability insurance, obtain pertinent business licenses, and perform the services using their own methods, employees, and schedule. The subcontractor agreement also details the amount of compensation they are to receive, what other responsibilities they will have, the completion date of the services, and whether they have the right to subcontract.