Employment Agreement

An Employment Contract is agreement which covers the working relationship of a company and an employee. It allows both the parties to understand the obligations and the terms of employment. It may include salary and wages of the employee, schedule, duration of employment, general responsibilities, confidentiality, communications, benefits, future competitions, alternate names, etc.

It basically is a document which is signed by both the employer and employee and it lays out the terms of employment relationship. It makes clear what you expect from the employee in terms of job duties and responsibilities, and what he or she can expect from you salary and benefits.

An Employment Contract May also Include:

a. The PTO/vacation policies

b. The non-disclosure and non-compete agreements

c. The ownership agreements and assignment clauses

d. The grievance procedures

e. The dispute resolution methods i.e. mediation or arbitration

f. The provisions for breach of contract