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The five requirements for creating a valid contract are an offer, acceptance, consideration, competency and legal intent.

1) agreement. An agreement i cludes offer and acceptance by both parties. 2) Consideration. Promises made by parties must have sufficient and bargained consideration (money or other legal means of payment. Contractual capacity. Legality.

Additional Vacation Time. Maybe the company only offers 7-10 days of paid vacation each year. Flexible Scheduling. One of the best non-salary perks is by far a flex schedule. Daycare Reimbursement. Tuition Reimbursement. An Office. Guaranteed Severance Package. Housing Subsidy. Transportation Reimbursement.

Names and address of all parties involved. Description of business. Clearly defined job position and role. Company specific requirements and/or protections. Length of job and duration of schedule/work hours. Pay, compensation, & benefits.

The nature and description of the job. As an employee you will be required to provide your services to the employer. Remuneration and benefits. Duration. Leave. Termination.

Compensation. Equity Grants. Scope of Employment. Benefits. Term and Termination. Reimbursement of Expenses. Liability Protection for the Employee. Confidentiality Restrictions.

The employee's or worker's name, job title or a description of work and start date. how much and how often an employee or worker will get paid. hours and days of work and if and how they may vary (also if employees or workers will have to work Sundays, nights or overtime)

For a contract to be valid, it must have four key elements: agreement, capacity, consideration, and intention.

Checklist for Information in Employment Contracts

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