A compliant independent contractor agreement for hiring in Armenia

Answering all your questions about independent contractor agreements in Armenia

You probably have questions. We’re here to answer them. Below, you’ll learn all the extra stuff you should probably know before putting together an independent contractor agreement for Armenia.

Why do I need an independent contractor agreement in Armenia?

An independent contractor agreement is crucial in establishing a good working relationship with your contractor. It will help you set boundaries and manage expectations. Without an independent contractor agreement, important details like payment and deadlines may become unclear or open to interpretation, which can lead to misunderstandings and disputes that you may not have a strong legal basis to rely on.

Typically, unregulated working relationships can lead to low-quality work and potential legal issues. So, instead of asking why you need an independent contractor agreement, it’s better to ask: why not? It’s in your and your contractor’s best interest to start your working relationship with both parties legally safe and in the loop.

What do contractor agreements in Armenia typically need to have?

Every contractor agreement in Armenia (and, the rest of the world) can be broken up into two parts:

• Contract-specific variables: This includes things like scope of work, rate, and deadline. They’re the project-specific variables that you’ll include with each contract, and are totally dependent on what type of work you’re hiring a contractor to do.

• Everything else: Besides things like scope and deadline, every independent contractor agreement in Armenia should follow a similar structure. If you want to grab your own contract with a compliant structure for Armenia, sign up to Thera for $0.

What makes contractors different from employees in Armenia?

When you hire in Armenia, it’s completely reasonable to consider whether you should hire them as a contractor or as an employee. After all, those are two very different legal entities, both coming with their own set of do’s and don’ts. However, people typically choose the contractor path, since it’s much more flexible and convenient. 

Here are a few of the key things that make contractors different from employees in Armenia:

• Contractors can choose how they get paid, which helps avoid monetary limitations on foreign currencies in Armenia
• Contractors can set their own schedules
• Contractors can work with their own software and tools 
• Contractors can work for other clients 
• Contractors rarely receive benefits, like health insurance*

All of these points lead to the conclusion that with contractors, you have much more flexibility when conducting business. They have the freedom to choose the circumstances and ways in which they work on the task at hand. This typically leads to a higher quality of work and a sense of fulfillment in the working relationship. With less pressure on both parties involved, you will have a productive and high-performing team that is ready to tackle all the challenges of growing a stable and successful business.