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Simon Obee from Employment Innovations introduces free downloadable employment contract templates for businesses in Australia. These templates cover full-time, part-time, and casual employees. He emphasizes the importance of having an employment contract to clarify the terms and conditions of employment, such as whether an employee is permanent or casual, their working hours, entitlement to extra pay for overtime, notice periods for termination, and award coverage classifications. Obee also notes that employers have a legal obligation to inform employees about award coverage in writing. Having these details outlined in a contract helps to avoid misunderstandings.