If you are a business owner it is certain that contracts play a big role in many areas of your business, Some will be simple, and others more complex requiring input and advice from your business lawyers. As for what the contracts relate to, this can vary significantly and impact just about every aspect of the operation of your business..
There are contracts for purchasing supplies, materials, and stock, contracts to supply clients, contracts relating to your premises, and contracts that may be for the purchase or the hiring of machinery and equipment. Beyond these, there is a type of contract which is one of the most important that any business owner will have within their company and that is the employment contract of each of their employees.
An employment contract has two core reasons to exist and that is the protection of the employee and the protection of the employer. It is often thought that an employment contract’s sole purpose is to protect a worker’s rights and to ensure that they were not having to work under unacceptable, and even unlawful working terms. While it does fulfils that purpose, it is just as crucial in the protection of the employer too.