Examlex
Divide and reduce to lowest terms:
Independent Contractor
An individual or business that provides goods or services to another entity under terms specified in a contract or within a verbal agreement, not classified as an employee.
Employee
An individual who is hired by an employer to perform a specific job or duty in exchange for compensation.
Partner
An individual or entity involved in a business enterprise with one or more other partners, sharing in the profits and losses of the business.
Agency Parties
Individuals or entities that enter into an agency relationship where one party (the agent) agrees to act on behalf of another party (the principal).
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