CONTRACT LAW EMPLOYEMENT CONTRACTS REVIEW NOTES, Exams of Contract Law

Download CONTRACT LAW EMPLOYEMENT CONTRACTS REVIEW NOTES and more Exams Contract Law in PDF only on Docsity! CONTRACT LAW REVIEW NOTES EMPLOYEMENT CONTRACTS 1. An employment contract is a legally binding agreement between an employer and an employee. 2. It outlines the terms and conditions of the employment relationship, including rights and obligations of both parties. Types of Employment Contracts 1. Permanent Contracts: These contracts are ongoing and do not have a specified end date. Example: A full-time employee working for a company on a permanent basis. 2. Fixed-Term Contracts: These contracts have a specific end date and are typically used for temporary or project-based work. Example: A contractor hired to work on a specific project for six months. 3. Zero-Hours Contracts: These contracts do not guarantee a minimum number of hours of work and offer flexibility for both employers and employees. Example: A retail worker who is called in to work as needed based on demand. Key Elements of an Employment Contract A. Job Duties and Responsibilities 1. Clearly outline the specific tasks and responsibilities that the employee is expected to perform. 2. Include any performance expectations or targets that the employee must meet. B. Hours of Work 1. Specify the employee's working hours, including any shift patterns or overtime requirements. 2. Note any flexibility or variation in working hours that may be required. C. Salary and Benefits 1. Detail the employee's salary, payment frequency, and any bonus or incentive schemes. 2. Include information on benefits such as holiday entitlement, sick pay, and pension contributions. D. Termination and Notice Periods 1. Define the circumstances under which the contract can be terminated, including notice periods required by both parties.