What is an Individual Employment Agreement?
Individual employment agreement refers to a legally binding contract document between the employee and the employer which sets and describes their legal relationship. The objective of composing individual employment agreement is to bring the focus of the signing parties on the rights and obligations mentioned therein and thus reduce any risks that may arise out of possible misunderstandings. In the most common scenario, an employee agrees to work for the terms and conditions stated therein the employment document. The implications are such that if one party is unable to fulfil its end of the terms, then the other party can enforce the agreement by law.
An Individual Employment Agreement includes things like job description, the name of the involved parties (the employer and the employee), nature of the agreement (full-time or part-time), duties and obligations, rights, work timings, entitled holidays, etc. The individual employment agreement can get modified depending on the type of employment offered.