The question of whether this is allowed and how it should be done must be set out in this treaty before we continue. If the independent contractor or procuring entity retains the right to terminate this contract and therefore the exchange to be documented, mark the first checkbox declaration in “VII option to complete.” Also make sure you have the number.” Days`Written Notice “must present the party resigning from the remaining party in this empty online election. In the example below, either the contractor or the customer can terminate this contract provided that a period of 15 days is granted. Otherwise, select the second control box. The second check box indicates that only the grounds defined in the previous section allow the termination of this contract. Employers must pay a portion of payroll tax to employees, while independent contractors file their own personal tax returns.