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Employment contracts

An employment contract is an agreement between an employer and an employee. The contract sets out the terms and conditions of the employment and working relationship of the parties. The terms and conditions set in the employment contract shall be legally binding between them. The parties may have their employment contract verbally or in writing, however, it is still best if in writing.

An employment contract must contain the minimum legal entitlements of an employee as provided in the National Employment Standards (NES) and awards, enterprise agreements, or other registered agreements that may apply. Further, an employment contract should also include the following:

• identification of the parties
• a clear and detailed description of the job duties and responsibilities
• terms of employment
• remuneration which specifies the employee’s salary, wages, allowances, and any benefits provided by the employer
• the employee’s required number of hours to work
• leave entitlements
• the employee’s work location
• terms of terminating the contract
• the specific law that will govern the contract

Supply of goods and services contracts

A supply of goods and services contract is an agreement by which a seller promises to supply the buyer with all the specified goods or services that a buyer needs over a certain period.

A goods and/or services agreement outlines the terms and conditions of the transaction. Other clauses typically include terms of payment, delivery, warranties or guarantees related to the goods or services being sold, the responsibilities and obligations of both the seller and the buyer, the description of the goods or services, the price, and delivery conditions.

Lease agreements

A lease agreement or also known as Rental Agreement is a contract between a landlord and a tenant for the purpose of using the landlord’s property for a certain period of time in exchange for a sum of money. The agreement is important in establishing the parties obligation and expectations of each other.

The agreement outlines the terms and conditions of the tenancy of a property including but not limited to the rights and obligations of both the parties from one another. The Agreement also outlines the terms of the rental agreement, including the rental amount, the length of the lease, and the conditions under which the lease can be terminated. Further, the agreement may also include provisions for the maintenance and repair of the property, the payment of utilities, and the responsibilities of the landlord and the tenant with respect to security deposits.

Confidentiality Agreements or Non-Disclosure Agreements (NDA)

A confidentiality agreement or non-disclosure agreement (NDA) is kind of contract used by a party to prevent the counterparty from misusing its confidential information or from working directly with the disclosing party’s business contacts that might cause any damage to the disclosing party.

NDAs are commonly used in business and employment relationships, as well as in mergers and acquisitions, to protect sensitive or proprietary information from being disclosed to unauthorized third parties. They are also used to protect trade secrets, intellectual property, and other sensitive information that may be valuable to the disclosing party.

An NDA is a contract that outlines the terms and conditions for the sharing of confidential information. It restricts the receiving party from disclosing or using confidential information for any purpose other than that specified in the agreement. The Agreement should also include but not be limited to the definition of confidential information, the obligations of the receiving party with respect to the confidential information, the duration of the NDA, the conditions under which the NDA can be terminated, and the provisions for dispute resolution.

Shareholder agreements

A shareholder agreement outlines the terms and conditions that govern the shareholders’ relationship to the corporation and to one another.

The agreement includes but is not limited to the arrangement of ownership and governance of the corporation and specifies the rights and obligations of each shareholder, the distribution of profits and losses, the method of making decisions regarding the management and direction of the corporation, and the procedure for buying and selling shares.