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An employment contract or an employment agreement is a legal document that defines the bounds of the relationship between the employer and the employee.
Employee employment under this agreement shall be for an unspecified term on an at will basis. In consideration of the mutual agreements and covenants herein contained, the parties hereto agree as follows: An employment contract or an employment agreement is a legal document that defines the bounds of the relationship between the employer and the employee. Companies may offer their business executives a contract that is different from the one provided to their regular employees.