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A typical employment contract contains details such as the start and end dates of employment, compensation, job duties, and other expectations of both the employer and the employee.
What is the purpose of an employment agreement?
An employment contract which details the employers expectations ensures that an employee is fully aware of his or her obligations and has agreed to the terms set forth. It also provides an employer with grounds for disciplining or terminating an employee who does not meet those expectations.
What is the difference between an employment agreement and an offer letter?
Whereas an offer letter is unofficial (avoiding statements that promise future wages or employment), an employment contract is exactly the opposite, setting wages and length of employment in legally binding stone.
What is the difference between employment contract and employment agreement?
Differences with content In an employment contract, one party should be a company, an economic organization or a firm, etc., while the other party should be a regular employee. On the other hand, in a service agreement, the agreement can be between two firms or between two employees.
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