Labour Contract Agreement Format in Word

The standard model employment contract below defines all the necessary conditions of an employment relationship – conditions that become legally binding when signed by the employer and the employee. An employment contract recognizes a legal business relationship between the employer and the employee. The employment contract sets out the rights and obligations of both parties for the duration of the employment. For example, the set of duties that an employee will perform and the salary that the employer is willing to pay in return. Once this contract is concluded, each party must examine the finished product. During the exam, he or she should look for the blank line labeled «Employee Initials» and «Employer Initials» and then send their initials to the appropriate area. The «Employer» section at the end of this document requires them to sign their name and print on the lines labeled «Signature» and «Print Name.» Immediately thereafter, the employer must enter the date of the current calendar in the «Date» line. If the signatory party signing the «Employer» section has a «title», this must be indicated in the last line of that section. After reading this document to his or her satisfaction, the employee should find the «Employee» section at the end of this document. He must sign and date this Agreement on the blank line that reads «Signature» or «Date». If the employee has a title, it must be displayed in the «Title» line.

At the end of the process, both parties are advised to return the document to their respective legal counsel. If employees and employers agree to the terms of the agreement, it`s time to sign. Before drafting an employment contract, the parties concerned should meet to discuss orally the terms of the most important points such as hourly wage, job title and responsibilities. The agreement is usually written as part of the company`s policy, which regulates vacation, personal vacation, and benefits. This Agreement constitutes the entire agreement between the two parties and supersedes any prior written or oral agreements. This agreement may be amended at any time provided that the employer and employee agree in writing. The third article, entitled `III. Period of employment», deals with the question of the extent to which each party will be obliged to retain the employment status developed here. You must choose one of the two basic conditions to apply for employment status. If the job is maintained «at will» or for as long as both parties wish to continue with the agreement, check the first box.

If it is an «at will» situation, we need to define how these parties should terminate the employment relationship. First, locate the item labeled «A.) Dismissal of the employee» and enter the number of «days of notice» that the employee must give to the employer for his or her dismissal. If the employee is entitled to severance pay (equal to the current rate of pay) at the end of the employment relationship, you must define the length of the severance pay period. To do this, use the second blank line. How the employer must terminate the contract must also be defined in an «at will» agreement. Start by determining the number of days before the expected termination date, which the employer must notify the employee in the first blank line of point «B». Dismissal of the employer. If the employee is entitled to severance pay if the employer terminates this agreement, indicate the length of the severance pay period in the second blank line on this point. If the terms of this employment are to remain in place for a predetermined period of time, you must choose the second choice «For a certain period of time». If you enter it on the employment contract, you must specify a start date of employment and an end date. Specify the start date as the calendar day, month, and two-digit year in the first three spaces of this statement, and then document the end date as the last calendar day, the last month, and the two-digit year of employment with the last three empty lines. Some issues will accompany agreements that should bind two parties for a certain period of time. The following two points will clarify some fundamental questions regarding termination.

First, check the first box in «A.) Termination of the employee» to indicate that the employee has the right to terminate this Agreement prematurely or by checking the second box of the same item to prevent the employee from having the right to terminate the employment relationship here. .