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An employment contract is an agreement signed by the employee and employer (or labor union) regarding the rights, responsibilities and obligations of both parties during the period of employment. An employment contract typically includes the following elements: Duration of employment, if applicable. Salary or wages.
An Employment Contract outlines an employer's and employee's rights, responsibilities, and obligations during a period of employment. Once the employer offers the employee the job and the two parties sign the contract, they become bound to its terms.
A typical employment contract contains details such as the start and end dates of employment, compensation, job duties, and other expectations of both the employer and the employee.
These agreements protect the rights of both the employees and company. Attorneys for both sides of the agreement establish the wage rates, working conditions, and benefits that employees will receive while performing specific services for the company.
On the Basis of Formation Express Contract. Implied Contract. Quasi Contract. E-Contract.
An addendum is for expanding upon information in a contract. It does not reverse or modify anything already included in the original agreement. An amendment alters one (1) or more existing clauses in an active employment contract.