MANAGEMENT

Detailed explanation-1: -Introduction. 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: -An Employment Contract, also known as an employment agreement, is a document that outlines the rights, responsibilities, and obligations of an employer and employee. For instance, this agreement typically contains information about wages, benefits, hours, and job responsibilities.

Detailed explanation-3: -Under the Indian Regulation, employment contracts with negative covenants are legal and legally enforceable if the parties settle with their free consent, i.e. without coercion, fraud, mistake, undue influence, and misrepresentation.

Detailed explanation-4: -Employment contract is a formal, signed agreement between the new employee and the employer (or the labor union). It explains the rights, responsibilities, and obligations of both the employee and the employer.