Updated on December 14th, 2021
A Nevada subcontractor agreement is a legally binding contract between a contractor and a subcontractor that dictates the terms and conditions of their professional arrangement. While the subcontractor does not have a written contract with the client (individual/business who hired the contractor to complete a project), they are still bound to perform their services in accordance with the latest version of the prime contract (between the general contractor and client).
The subcontractor agreement specifies the amount of compensation, the start and end date of the arrangement, termination options, subcontracting rights, liability insurance, and business licenses and permits. The subcontractor is not an employee of the contractor as they have independent contractor status in the eyes of the law and the IRS.