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Simon Obee from Employment Innovations introduces free downloadable employment contract templates for Australian businesses, available via a provided link. The templates cover full-time, part-time, and casual employees. Obee emphasizes the importance of having an employment contract to clarify the terms and conditions of employment. Key details to include are the employee's classification (permanent or casual), work hours, additional pay for overtime, notice periods for termination, and award coverage information. Employers must supply written details about award coverage, making a contract essential for legal compliance and clarity in the employer-employee relationship.