Please comment on the below contract: Ensure it clearly outlines the compliance requirements of Seedies as per the Contract Policy you have just reviewed and adjustedCONTRACT 1 OF 2-- REVIEW AS PER...

Please comment on the below contract: Ensure it clearly outlines the

compliance requirements of Seedies as per the Contract Policy you have just reviewed and adjustedCONTRACT 1 OF 2-- REVIEW AS PER TASK 1: INDEPENDENT CONTRACTOR AGREEMENTAGREEMENT 01 - 11 - 2019 BETWEEN Seedies Furniture (Principal)AND Jim & Bob Deliveries (ABN 1454520000) (Contractor)1. Engagement and Services1.1 This agreement commences on 1st November 20191.2 The Contractor will provide the services set out in Schedule A, plus any additional services specified by the Principal from time to time (Services), with all due care and skill as and when required by the Principal and at such locations as the Principal requires.2. PaymentSubject to the Contractor providing the Services in accordance with this agreement to the satisfaction of the Principal and complying with clause 3.2, the Principal will pay the Contractor:a gross fee of $500 per outbound delivery in excess of 300km from the depot, $200 per outbound delivery in excess of 100km but less than 300km. and $100 for deliveries less than 100km - less any applicable tax required by law to be withheld by the Principal; plus the amount of goods and services tax (GST) paid or payable by the Contractor on each of the Payments, (collectively the Fees). 3. Insurance and other obligations3.1 The Contractor must maintain all necessary statutory workers' compensation insurance (and otherwise comply with all statutory workers' compensation requirements)3.2 The Contractor must comply with its workplace health and safety obligations.  3.3 The Contractor must (and must ensure that any sub-contractors appointed by it) obtain, and maintain for the duration of this agreement, public liability/products insurance for a minimum amount of A$20,000,000 and professional indemnity insurance for a minimum amount of A$5,000,000.4. Termination of the agreement4.1 The Principal may terminate this agreement at any time with immediate effect and without payment for the period of notice, by giving written notice to the Contractor if:(a) The contractor fails in regard to items listed in the Seedies Contract Management Policy;(b) the Contractor is for any reason unable to provide the Services;(c) the Contractor engages in serious misconduct;(d) the Contractor becomes unable to pay his or her debts as they become due.4.2 Either party may terminate this agreement by providing 4 week written notice to the other party.Executed as an agreementEXECUTED by [insert name of Principal] in the presence ofBobby MzSignature of witnessRobert MartinezName of witness (print)Mr G- SeedieGSeedie[Principal] EXECUTED by [insert name of Contractor] in the presence ofBobby MzSignature of witnessRobert MartinezName of witness (print)Jim BlackJBlack[Contractor]SCHEDULE ADESCRIPTION OF SERVICESJim & Bob will provide the following services.Pick up and delivery of furniture from Seedies Furniture to retail stores in the SEQ region and further as agreed.Assist with forklift operation to load the truck.During busy periods also assist with picking orders as requested by the Principal for an extra fee of $30 per hour per worker. Other reasonable services as agreed between both parties for the agreed figure at the time.