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Simon Obee introduces free downloadable employment contract templates for businesses in Australia, including options for full-time, part-time, and casual employees. Having an employment contract in place provides clarity on terms and conditions of employment, such as type of employment, start and finish times, overtime pay, notice period for termination, modern award coverage, and classification under the award. Employers are obligated to provide information about award coverage in writing. It is important to have these details outlined in the contract to ensure clarity and compliance.