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Employment Agreement Online

FAQ's on Employment Agreement Online

What is an employment agreement in India?

An employment agreement in India is a legally binding document that outlines the terms and conditions of employment between an employer and an employee. It specifies the rights, duties, and responsibilities of both parties during the period of employment.

Is an employment agreement a bond?

No, an employment agreement is not the same as a bond. While both are legally binding documents, a bond typically involves the employee agreeing to work for the employer for a certain period of time, usually with financial penalties for breaking the agreement. An employment agreement, on the other hand, outlines the terms and conditions of employment but does not necessarily require the employee to work for a specific duration.

What are the types of employment agreements?

There are several types of employment agreements in India, including:

Permanent employment agreement: This is the most common type of employment agreement, where the employee is hired on a permanent basis

Fixed-term employment agreement: This is a contract for a specific period of time, after which the employment is terminated unless renewed by both parties

Part-time or temporary employment agreement: This is an agreement for employees who work on a part-time or temporary basis

Probationary employment agreement: This is an agreement for a trial period, during which the employer evaluates the employee's performance before deciding whether to offer permanent employment.

What is the validity of an employment contract?

The validity of an employment contract depends on the terms specified in the agreement. It can be for a fixed-term or permanent employment. Generally, an employment agreement is valid for the duration specified in the contract, or until it is terminated by mutual agreement or by either party giving notice as per the terms of the contract.

Is employment agreement legal in India?

Yes, an employment agreement is legal in India and is governed by various laws and regulations such as the Indian Contract Act, 1872, Industrial Employment (Standing Orders) Act, 1946, and the Shops and Establishments Act of the respective state. An employment agreement provides legal protection to both the employer and the employee and helps to avoid any disputes that may arise during the course of employment.