Contract For Service

[ˈkɑntrækt | fɔr | ˈsərvəs]
Definition:

This is an agreement with an individual worker or external company to provide services on a specific task, (e.g. an electrician, delivery driver). This type of contract is also signed between a contractor or a freelancer with an organisation. 

The main advantage of having a contract for service is mainly the fact that the organisation is not liable for the contractors holidays and does not have to spend money on offering employee benefits; therefore this contract can be ended at any time without any restraints. This is therefore one of the reasons why most online based organisations employ their staff on a freelance basis in order to avoid employee related costs.

Part of speech:
noun
Use in a sentence:
An agreement with an individual worker or external company to provide services on a specific task is referred to as contract for service.
Contract For Service

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