Yes, there are differences between employment agreements and contracts and it’s important to know what you’re getting yourself into with either one.
The main difference between the two is that employment agreements reflect an at-will employment relationship; meaning the employer can fire the worker for any reason or no reason at all, as long as it is not discriminatory. The employee can also quit for any reason or no reason and is not required to give notice.
In contracts, there is a specified start date and end date to the working relationship and if either party breaches the contract before it has concluded, that party may have to pay the other side if financial harm is incurred.
Whether you have an agreement or a contract, make sure you include the following items:
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