A contract of employment is a mutual and bilateral agreement for the exchange of service and remuneration over a period of time between the Employer and the Employee. The essential features of a contract of employment are an offer, acceptance, consideration, competent parties, legal object, and free consent. The agreement is to contain various terms and conditions, such as employee responsibilities, compensation, non-compete, confidentiality, termination clause, etc
Benefits of Employment Agreement
An agreement removes ambiguity by setting the expectations and specific terms of employment. And this enables a smooth resolution of any disputes with regard to employment.
For the employer, it creates an enhanced degree of structure in the organization and for the employee a sense of stability and security. This fosters a positive working relationship.
Please share the details below: