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An employment contract is an agreement between an employer and employee that establishes a new employment relationship. Employees can be categorized as at-will or independent contractors. At-will employees have no fixed contract duration and can be terminated by either party at any time. Independent contractors are typically hired for specific purposes and timeframes. The employment contract outlines essential details, including the employee's duties, contract type (at-will or independent contractor), termination conditions, compensation type and manner, benefits, and the liabilities of both parties.
