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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 employees or independent contractors. At-will employees have no fixed contract duration and can be terminated by either party at any time, while independent contractors are hired for specific purposes and durations. The employment contract outlines essential aspects of the relationship, including job duties, classification (at-will or contractor), termination conditions, compensation type and method, employment benefits, and the liabilities of both parties.
