What is employment contract?

Press service of the State Tax Service of Ukraine, published 19 December 2023 at 14:30 Chapter: News

Employment contract is extremely important document at work, but it is sometimes ignored. It is like a seat belt in a car: for some it seems unnecessary, but in fact it is very important. Employment contract helps both employers and employees to understand better their rights and responsibilities. It's like drivers who always wear their seat belts – they tend to be much less likely to break traffic laws.

Employment contract is document that regulates relationship between employee and employer. It defines rights and obligations of both parties, working conditions, salaries, term of validity, procedure for change and termination.

Employment contract can be concluded in writing and signed by both parties or formalized by issuing order to hire employee. Employment contract can be fixed-term or open-ended, full-time or part-time, full-time or part-time, depending on the essence of work and wishes of parties.