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Below, we cover what an employment contract is, why they're important and how to write one — with an employment agreement template you can use as a guide. Apply to Marketing Representative, Social Media Specialist, Grant Writer and more!An employee contract template can be used to formalize your employment agreement with a new employee. An employment contract is an agreement between an employer and employee regarding the employee's term of employment. There are advantages and drawbacks. Contract Marketing Assistant! Education. Top Majors And Degrees. Use an employment agreement to protect both employees and employers. It should be clearly spelled out not only how much you will get paid, but also when.