During the probation period, either party can terminate the contract by serving the required notice period or compensate the other party with salary in lieu, depending on the contract terms.
Definition: A labor contract, also known as a collective-bargaining agreement, is a legal agreement between an employer and a labor union that outlines the terms and conditions of employment, including wages, benefits, and grievance procedures.
Indefinite-term and fixed-term contracts are the only types of employment contracts in Singapore.
OFFER, ACCEPTANCE AND CONSIDERATION Under Singapore law, a contract is only formed if: 1) a party makes an “offer” of some good or service, 2) the other party or parties “accepts” that offer, and 3) some consideration passes between the parties.
It is not mandatory to have a written employment contract in Singapore. However, employers must provide employees with a written description of their primary duties and responsibilities within 14 days from the start of employment. The document must include the following information: Employer and employee's full name.