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Employment Contract
An employment contract or contract of employment is a legal agreement between the employer and an employee to set up the terms and conditions of the employment lifecycle. Mostly it is a written document signed by both parties but it can be a verbal agreement also depending on the mutual understanding. It includes the rights, responsibilities, and company policies followed by both sides. Usually, the following factors are included in the employment contract:
- Salary
- Joining date
- Schedule
- Leaves and vacations
- Employee benefits
- Duration of employment (in few cases)
- Confidential contract
- Termination
