Employment contract

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Employment contract

An Employment contract (pronunciation: /ɪmˈplɔɪmənt ˈkɒntrækt/) is a type of contract that outlines the terms and conditions of employment between an employer and an employee.

Etymology

The term "employment contract" originates from the Latin words "employare" meaning "to engage someone in work" and "contractus" meaning "drawn together" or "tightened".

Definition

An employment contract is a legally binding document that sets out the rights, responsibilities, and obligations of the employer and the employee. It typically includes details such as job title, job description, salary, benefits, working hours, and termination conditions.

Related Terms

  • Contract: A legally binding agreement between two or more parties.
  • Employer: A person, business, or organization that hires and pays for the labor of workers.
  • Employee: A person who is hired to provide services to a company on a regular basis in exchange for compensation.
  • Employment: The state of having paid work.
  • Termination of employment: The end of an employee's duration with an employer.
  • Job description: A document that describes the responsibilities and duties of a job.
  • Salary: A fixed regular payment made by an employer to an employee, especially a professional or white-collar worker.

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