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An employment contract is a formal agreement between an employer and an employee that establishes their employment relationship. Employees can be classified as at-will employees or independent contractors. At-will employees do not have a fixed contract duration and can be terminated by either party at any time, while independent contractors are appointed for specific tasks and durations. The employment contract covers essential aspects of the relationship, including job duties, the classification of employment, termination procedures, compensation types, benefits, and the liabilities of each party.
