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An employment contract is an agreement between an employer and employee that establishes a new employment relationship. Employees may be classified as at-will or independent contractors. At-will employees have no fixed contract duration and can be terminated by either party at any time. In contrast, independent contractors are hired for a specific purpose and time frame. The employment contract outlines essential aspects of the relationship, including employment duties, classification (at-will or independent contractor), termination conditions, compensation details, benefits, and liability of both parties.
