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An employment contract is an agreement between an employer and an 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 tasks and time periods. The contract outlines essential aspects of the employment relationship, including job duties, employee classification, termination procedures, compensation types, benefits, and the liabilities of both parties involved.
