Employment Agreement

This Packet Includes:

1. General Description of Employment Agreement

2. Description and Instructions for Employment Agreement

3. Employment Agreement for use in India

General Information

Employment Agreement

This kit includes tools and guidelines to assist you in drafting an Employment Agreement.

An Employment Agreement is a contract between an employer and employee to establish a working relationship. This agreement is used in labour law to indicate the rights and responsibilities of the employer and employee.

This kit is designed to assist you in preparing an Employment Agreement. However, you are advised to consult a competent attorney experienced in the employment law before executing the agreement.

This kit includes general information about employment agreement, as well as a sample employment agreement with instructions.

DISCLAIMER:

FindLegalForms, Inc. (“FLF”) is not a law firm and does not provide legal advice. The use of these materials is not a substitute for legal advice. Only an attorney / solicitor / lawyer can provide legal advice. An attorney / lawyer / solicitor should be consulted for all serious legal matters. No Attorney-Client / Solicitor-Client / Lawyer-Client relationship is created by use of these materials.

THESE MATERIALS ARE PROVIDED “AS-IS.” FLF DOES NOT GIVE ANY EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, SUITABILITY OR COMPLETENESS FOR ANY OF THE MATERIALS FOR YOUR PARTICULAR NEEDS. THE MATERIALS ARE USED AT YOUR OWN RISK. IN NO EVENT WILL: I) FLF, ITS AGENTS, PARTNERS, OR AFFILIATES; OR II) THE PROVIDERS, AUTHORS OR PUBLISHERS OF ITS MATERIALS, BE RESPONSIBLE OR LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, OR CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT LIMITED TO, PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES; LOSS OF USE, DATE OR PROFITS; OR BUSINESS INTERRUPTION) HOWEVER USED AND ON ANY THEORY OF LIABILITY, WHETHER IN CONTRACT, STRICT LIABILITY, OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE) ARISING IN ANY WAY OUT OF THE USE OF THESE MATERIALS.

The use of these materials is subject to the “Terms and Conditions” found at findlegalforms.com.

EMPLOYMENT AGREEMENT - INFORMATION

An employee is recruited by an organization through a selection process involving written test/interview. In order to establish the Employer-Employee relationship, a written employment agreement is essential. There are certain mandatory provisions which must necessarily be incorporated in employment agreements. The employment agreement defines the roles, responsibilities, obligations of the employer and employee; the entitlements and benefits accruing to the employee as a result of the employment; grounds of cessation of employment. The employment agreement is helpful in resolving any dispute between the two parties during the course of the employment.

EMPLOYMENT AGREEMENT - INSTRUCTIONS

This kit’s sample Employment Agreement includes a basic framework for such an agreement, setting forth in general terms the types of provisions necessary to establish an employment relationship. Below is a set of basic instructions that should assist you in completing the sample form to draft your own employment agreement customized specifically to meet your needs.

Purpose:

Employment Agreements are generally contracted for the purpose of establishing Employer-Employee relationship. The agreement specifies the duties, obligations, benefits to the contracting parties during the course of employment. In the sample agreement below, details of employment are to be specified.

Term:

While contractual employments specify the terms as commencing from a specified date and ending on a particular date or/ after a fixed period. However, the general employment agreement indicates the commencement date. But the ending date will be specified as on the date of occurrence of the particular event.

Compensation:

An employee is eligible for various types of financial compensation and benefits based on his position in the organization, nature of work and his performance. The compensation includes basic salary, various allowances, bonus, retirement benefits, paid vacations and other specific financial and employee welfare benefits laid down by the organization.