Country specific hiring info

A compliant independent contractor agreement for hiring in Nicaragua

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Country specific hiring info

A compliant independent contractor agreement for hiring in Nicaragua

Get your independent contractor agreement in Nicaragua  for $0

Hey, we’re Thera: The platform built for hiring and paying contractors, all over the world. We’ve got locally-compliant contracts in more than 150 countries—written to comply with local contracting laws in places like Nicaragua .

The good news: Thera’s free until you pay your first contractor. So, grabbing your contractor agreement costs you a grand total of $0. Hit the button below to pick up your locally-compliant contract in Nicaragua. It takes all of 2 minutes to sign up.

Answering all your questions about independent contractor agreements in Nicaragua

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 Nicaragua.

Why do I need an independent contractor agreement in Nicaragua?

Securing a written agreement should be a priority for you and a contractor once you’ve decided to work together. They are the easiest way to guarantee you both understand each other’s expectations before you move forward with your partnership. Additionally, written agreements work to protect both parties if there are any disputes down the line.

Nicaraguan law does not clearly define independent contractors, but in general, independent contractors complete work for a company without being under its direct control. This makes it extremely important to have a written agreement, because it could be the only thing holding you and a contractor accountable to each other. To ensure you receive the work you hired a contractor to do and they receive the compensation you agreed on, it’s safest to have the terms written down and signed by both parties.

The verdict? An independent contractor agreement is necessary for any business between you and a contractor. In Nicaragua, and everywhere else.

What do contractor agreements in Nicaragua typically need to have?

Every contractor agreement in Nicaragua (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 Nicaragua should follow a similar structure. If you want to grab your own contract with a compliant structure for Nicaragua, sign up to Thera
What makes contractors different from employees in Nicaragua?

It may seem like independent contractors and employees are basically the same thing, but they aren’t. While employees work for your company, independent contractors simply take you on as a client. This distinction gives independent contractors different rights and responsibilities than employees.

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

  • 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*

The prevalence of an independent contractor’s autonomy cannot be overstated. They have the freedom to complete their work how they like and take on additional clients. This is a good thing for your company too, as this is more likely to result in working with someone who shares your passion for your company’s vision. If this sounds right for your business, we can help you get the process started with a compliant independent contractor agreement.

*With Thera, you can get your contractors access to sign up for premium global health insurance, from SafetyWing, at a 50% discount.

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