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About Employment Agreement
An Employment Agreement is the only legal document between an Employer and Employee that outlines their rights, duties, and obligations during the employment relationship. The Employment Agreement lays down both the employer’s and employee’s rights and obligations in managing employees. Every employee, from the junior level to the CEO, needs an Employment Agreement to manage them efficiently.
Advantages of Employment Agreement
Employment Agreement Process flow
2 WORKING DAYS
2 WORKING DAYS
2-3 WORKING DAYS
2-3 WORKING DAYS
Documents Required For Employment Agreement
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An employment agreement is the sole legal document between the Employer and Employee, which lays out the rights, duties, and obligations of both parties during the utilization period.
- Clarity upon terms of employment
- Dispute Resolution
- Protection of trade secrets
- Restrictive Covenants
Employment bonds are essentially employment agreements that contain a negative covenant and are legally enforceable. The agreement is enforceable if the parties comply with work according to it with their free consent. just in case the employer or employee breaches the contract, the opposite party is entitled to damages. Hence, an employee agreement helps to secure the simplest interests of the employer.
- The agreement must be signed by both the worker and employer by their own free will and with their consent.
- The conditions stated within the agreement must be reasonable.
- The conditions imposed on the worker must be prepared to safeguard the interests of the employer.
- The agreement must be written and signed on a stamp paper, whose value is predetermined and glued as per law.
- Safeguards the interest of the employer
- Gives the worker proper guidelines to follow while working
- Sets expectations for both parties
- Enlists all the conditions the worker is expected to follow
- Lists down all the laws of employment
You don't 'give' an employee a contract - a contract will exist, whether you wish it or not, as soon as someone accepts your job offer.
Yes, this is able to be advisable. Otherwise, you'll be bound by the contract even if the reference is unsatisfactory, and can have to give full notice to terminate.
Yes. Three to 6 months is typical and will be long enough to allow you to judge whether the employee is willing and able to do the job. If there's a probationary period, this must be included within the written statement (along with the other terms and conditions) and given to the employee or worker on or before the day they start work.
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