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The agreement can be printed on a letter head of the company, on a plain paper or on a stamp paper. It is not necessary for an employment contracted to be on a stamp paper. It is legally binding even on a letter head.
You have a right to get a written statement from your employer the day you start work. It doesn't matter how many hours you work each week. The statement should describe the main terms of the contract of employment.
Your employer must give you a written statement the day you start work. The statement must contain certain terms and conditions. A contract gives both you and your employer certain rights and obligations. The most common example is that you have a right to be paid for the work you do.
In India, it is mandatory to pay the stamp duty while executing any type of document. Wherever a financial aspect is involved and the document is being executed, it is mandatory to pay the stamp duty either to the central government or the state government.
Here are a few of our most important things to look for before signing an employment contract.Probationary Period.Job Description and Duties.Compensation.Benefits.Look for the Job Term.Paths to Promotion and Raises.Terms for Time Off and Leave.Start Date and Expected Working Hours.More items...
2. Ask for a copy of the agreement. In general, you should have your own copy of every employment agreement and policy that you've been required to sign or follow.
Here are some steps you may use to guide you when you write an employment contract:Title the employment contract.Identify the parties.List the term and conditions.Outline the job responsibilities.Include compensation details.Use specific contract terms.Consult with an employment lawyer.
All employment agreements are legally binding on the employer and, therefore, employers are best served by having them drafted and reviewed by an experienced employment law attorney. Contract law is a particularly complex discipline that relies largely on common law, which is law as developed by judges and court cases.
An employment contract doesn't always have to be in writing to be enforceable. While that may be the case, written agreements are certainly easier to enforce and not subject to certain limitations that oral agreements are. Oral agreements are still subject to the requirements of what it takes to form a basic contract.
Each party should get an original signed copy of the contract for their files. That means if there are two parties to the contract, two identical contracts must be signed. One original copy of the contract should go to you, and one original copy should go to the other party.