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A subcontract agreement is a legal contract between a primary contractor and a subcontractor, defining the terms and conditions for the subcontractor’s role in a specific project. This agreement outlines the scope of work, responsibilities, payment terms, timelines, and other relevant details regarding the subcontractor’s contribution to the larger project managed by the primary contractor.
Businesses need a subcontract agreement to establish clear terms with subcontractors involved in a project. This agreement outlines roles, responsibilities, payment terms, deadlines, and other crucial details, ensuring a transparent and legally binding arrangement. It helps mitigate risks, avoid misunderstandings, and provides a structured framework for successful collaboration with subcontractors.
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