Employment Agreement

This agreement sets the terms and conditions of employment such as salary, benefits, working hours, duration of employment. It lays down all the rights and obligation of the employee in addition to employee, employer and employment details such as salary, hours of work, probation period etc. In case of any disputes, the terms laid in the agreement is referred to for resolving the issue.

The concerned parties in the agreement have an option of either getting the agreement made on a company letterhead or a non-judicial stamp paper to make it binding . It is advisable use a non-judicial stamp paper for better protection against any legal issue which may arise in future though getting it done on organization's letterhead is sufficient. Make sure the agreement is duly signed by both the concerned parties.Use this agreement if You as an employee have been offered an employment by the employer. You as an employer have just hired a new employee and want to lay down the rights and obligations of the employee.

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Frequently Asked Questions

This agreement sets the terms and conditions of employment such as salary, benefits, working hours, duration of employment. It lays down all the rights and obligation of the employee in addition to employee, employer and employment details such as salary, hours of work, probation period etc. In case of any disputes, the terms laid in the agreement is referred to for resolving the issue.
Who needs this agreement and why?
The concerned parties in the agreement have an option of either getting the agreement made on a company letterhead or a non-judicial stamp paper to make it binding . It is advisable use a non-judicial stamp paper for better protection against any legal issue which may arise in future though getting it done on organization's letterhead is sufficient. Make sure the agreement is duly signed by both the concerned parties.Use this agreement if You as an employee have been offered an employment by the employer. You as an employer have just hired a new employee and want to lay down the rights and obligations of the employee.
What is the use of Annexure?
The following are all the major clauses included in this agreement:
  1. Employment-mentions the position of the employee and duties of the same specifying that his employment is subject to relocation/transfer.
  2. Salary and Other Remuneration-mentions the salary of an employee with subject to tax deductions and review.
  3. Perquisites, Benefits and Other Compensation-mentions the additional benefits and reimbursements for an employee.
  4. Leaves-mentions the number of leaves that an employee is entitled to.
  5. Terms & Conditions and General Duties-details of the forbidden activities.
  6. Hours of Work-mentions the working hours.
  7. Overtime-mentions the conditions of overtime.
  8. Probation-mentions the probation period with subject to termination of an employee.
  9. Non-Competition-clause for notice periods for the employee to not compete directly/indirectly against the company.
  10. Termination of Contract-mentions the right to terminate the contract subject to notice period.
  11. Return of Employer's Property-details of property to be returned to the employer upon termination of employment.
Below are few legal jargons used in the agreement which which you should know about for a better understanding of this agreement:
  1. Sub-licensable-a license or contract granted to a third party by a licensee for specified rights or uses of a product, brand name, logo, etc.
  2. Licensor-the owner of the license.
  3. Licensee-to whom the license is being issued.
  4. Sub-contractable-a contract granted to a third party by a licensee for specified rights or uses of a product, brand name, logo, etc.
  5. Intellectual Property-intangible property that is the result of creativity, such as patents, copyrights, etc.
  6. Arbitrators-an independent person or body officially appointed to settle a dispute.
  7. Mediation-a way of resolving disputes between parties using a mediator (third party) who assists the parties to negotiate a settlement.
  8. Conciliation-process whereby the parties to a dispute use a conciliator, who meets with the parties both separately & together in an attempt to resolve their differences.
  9. Probation-a process of testing or observing the character or ability of a person who is assigned to a role or job.
What are the legal jargons used in this agreement?
In order to make this agreement even more detailed, we have provided an Annexure section at the end which gets prepared according to the response filled in. Annexure I contains details about salary and allowances of the employee. Annexure II contains the roles, duties and responsibilities of the employee.
How to use this agreement?
The following are all the major clauses included in this agreement:
  1. Employment-mentions the position of the employee and duties of the same specifying that his employment is subject to relocation/transfer.
  2. Salary and Other Remuneration-mentions the salary of an employee with subject to tax deductions and review.
  3. Perquisites, Benefits and Other Compensation-mentions the additional benefits and reimbursements for an employee.
  4. Leaves-mentions the number of leaves that an employee is entitled to.
  5. Terms & Conditions and General Duties-details of the forbidden activities.
  6. Hours of Work-mentions the working hours.
  7. Overtime-mentions the conditions of overtime.
  8. Probation-mentions the probation period with subject to termination of an employee.
  9. Non-Competition-clause for notice periods for the employee to not compete directly/indirectly against the company.
  10. Termination of Contract-mentions the right to terminate the contract subject to notice period.
  11. Return of Employer's Property-details of property to be returned to the employer upon termination of employment.

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