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Old February 28, 2002, 04:04 PM
Don Alm
 
Posts: n/a
Default One thing that has saved me a lot of "grief"

When I started hiring independent contractors for anything....I had an "independent contractors Agreement" and spelled out what they were to do and how much they'd be paid.

I'd give them some training...take them out on some calls with me and turn them loose. They'd go out abd find that it wasn't their cup o tea and I'd never see them again.

I'd have to HUNT DOWN all the materials I gave them...which was a real pain.

I stopped all this in an instant by having each one SIGN a "Promissory Note for $2500".

This meant that, even before they started, I had a Note that said they OWE ME $2500. All I had to do was file it at the county courthouse.

After that...I received EVERY piece of my materials when they were ready to quit. They had me tear up the Note in their presence.

So...one little piece of paper can save you a lot of grief.

Here's the TEXT for the Note;
==================================================
Your Letterhead here

PROMISSORY NOTE

Amount: $2,500

(Two Thousand Five Hundred Dollars)

I, (Print Salesperson’s Name)_____________________________do hereby
promise to pay to (your business name), the sum of TWO THOUSAND FIVE HUNDRED
DOLLARS ($2,500) for the prompt return of all sales materials placed in my possession.

If I fail to return the sales materials, (your business name) has the right to
commence suit for said sum.

Should suit be commenced to enforce payment of this Note, I promise to pay such
additional sum as the court may adjudge reasonable as attorney’s fees in said suit.

Independent Contractor_____________________________________

Print Name

Signature_________________________________________ _______

Company___________________________________________ _____

By________________________________________________ ______

TITLE_____________________________________________ _______

Address of Ind. Contractor
__________________________________________________ _

City___________________________________State______ _Zip_____________
________

Phone_____________________________-
Date_______________________________




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