A form of agreement between an owner and a contractor is one in which the owner of the property provides works contract to a contractor. The contractor is hired by the owner of the property to perform some work on the property as specified by the owner. The agreement provides all the details of the works contract between both the parties as agreed in this form of agreement. The various terms and conditions as agreed upon by both the owner of the property and the contractor are mentioned in this agreement.
Some of the elements that are covered in this agreement are name of the property owner, name and address of the contractor, registration number of the contractor, location of the property covered in the contract, details of accessibility provided to the contractor for work, details of work to be undertaken by the contractor including materials, labor etc, payment terms, mode of payment and other financial details of the agreement are covered.
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