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