ASSIGNMENT ON LAW

MANAGEMENT

DONE BY

MICHEAL DAFGE OGHOJAFOR

WITH THE REG NO:

SPS/19/GEE/00022
 MEANING OF CONTRACT OF EMPLOYMENT

An employment contract is a legally binding agreement between an employer and employee used to
define the working relationship. You can use one to outline the employee's role and responsibilities
within the business as well as to outline their compensation and any benefits they might receive.

Below are features of contract of employment.

 Parties involved.
 Job information.
 Benefits and compensation.
 Employee classification.
 Employment schedule and period.
 Non-compete clauses.
 Confidentiality clauses.
 Technology privacy policy.

ESSENTIAL FEATURES OF CONTRACTS OF EMPLOYMENT

This agreement between both parties to the contract may be oral or written, express or implied.
Generally, a contract of employment becomes enforceable on the parties to the contract when
signed and agreed by parties to the contract.

There are 7 essential elements an agreement must have to be considered a valid contract. The
elements of a contract include;

 Identification.
 Offer.
 Acceptance.
 Consideration.
 Meeting of the minds.
 Competency and capacity.
 legality