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

 

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