What is an Employment Contract?

A contract of employment is an agreement specifying terms and conditions under which a person consents to perform certain duties as directed by the employer in return for an agreed upon wage or salary. A contract of employment can be oral or written, express or implied. According to the contract, the employee is under the obligation to carry out their assigned duties to the best of their ability. In turn, the employer is obliged to protect the employee from harm or injury.