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employment contract
Sign in to saveAlso known as employment agreement, labor contract, labour contract
agreement between employer and employee or labor union on terms of work and compensation
Wikidata facts
- Subclass of
- contract
- Main subject
- employment
Show 1 more fact
- signatory
- labor union
Sources (3)
via Wikidata · CC0
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Encyclopedic overview
An employment contract or contract of employment is a kind of contract used in labour law to attribute rights and responsibilities between parties to a bargain.
The contract is between an "employee" and an "employer". It has arisen out of the old master-servant law, used before the 20th century. Employment contracts rely on the concept of authority, in which the employee agrees to accept the authority of the employer and in exchange, the employer agrees to pay the employee a stated wage (Simon, 1951).
Excerpted from Wikipedia’s “employment contract” article, available under the CC BY-SA 4.0 licence.