ENTREPRENEURSHIP

Detailed explanation-1: -An employment contract is a written agreement between an employer and an employee that specifies the length of the employee’s employment. It can be implied, oral, or written, and it usually involves the employee signing a lengthy physical contract.

Detailed explanation-2: -It is a contract without a time limit because it does not include the final date of the employment relationship. It lasts until one of the parties terminates it or the employment relationship expires.

Detailed explanation-3: -EMPLOYMENT AGREEMENT. This agreement lays down the terms of employment, agreed upon by the employer and employee. Whether stated explicitly in the agreement or not, both the employee and the employer have the duty of mutual confidence and trust, and to make only lawful and reasonable demands on each other.

Detailed explanation-4: -What is an Employment Contract? An Employment Contract outlines an employer’s and employee’s rights, responsibilities, and obligations during a period of employment. Once the employer offers the employee the job and the two parties sign the contract, they become bound to its terms.

Detailed explanation-5: -Indefinite contracts: Indefinite contracts are the most popular employment contracts across the world. They have no specific end date, meaning employment continues indefinitely until the employer or employee ends the arrangement.