labor contracts

Labor contracts are formal agreements between an employer and an employee that outline the terms of employment. They specify details such as salary, working hours, job duties, benefits, and conditions for termination. These contracts help ensure both parties understand their rights and responsibilities, providing legal clarity and protection. They can be individual agreements or part of collective bargaining with a union. Labor contracts promote a fair and consistent working environment by clearly defining expectations, rights, and obligations for both employer and employee.