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Employment Agreement
An employment agreement (also called an employment contract or job contract) is a legally binding document or contract between an employer and an employee that defines the terms and conditions of employment. It establishes the rights, responsibilities, and expectations of both parties in the employment relationship.
Key features typically included in an employment agreement are:
- Job role and responsibilities
- Salary and benefits
- Employment start date and duration
- Company policies and rules
- Confidentiality clauses (e.g., Non-Disclosure Agreements)
- Dispute resolution procedures
- Terms for termination of employment
The purpose of an employment agreement is to clarify the working relationship, provide job security, protect company information, and help resolve disputes by serving as a reference document. It ensures both employer and employee have a mutual understanding of their obligations and rights, reducing legal risks and misunderstandings.
In summary, an employment agreement is a foundational legal contract that governs the employment relationship by clearly outlining what is expected from both the employer and the employee throughout the course of employment.