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Simon Obee from Employment Innovations introduces free downloadable employment contract templates for businesses in Australia, catering to full-time, part-time, and casual employees. The key benefit of having an employment contract is providing clarity on terms and conditions of employment including type of employment, start and finish times, overtime pay, notice period for termination, award coverage, and classification. Employers must provide written information about award coverage. Creating a contract ensures certainty for both employers and employees.