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In this video, the speaker discusses drafting employment contracts for small business owners. They emphasize the importance of using a template as a starting point and highlight key elements to consider. The contract should be printed on the employer's letterhead, including their name and address. It should be addressed to the employee, who will sign two copies of the contract. One copy is returned to the employer, ensuring both parties have a signed version. The speaker also mentions the necessity of adhering to the Employment Information Act of 1994, which outlines the obligations related to employment terms. Overall, the video serves as a guide to creating effective employment contracts while avoiding common pitfalls.
