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The employment agreement is a contract that outlines key elements of the working relationship, such as who will supervise authorized activities, what the licensee will be responsible for, and how much they will be paid.
An employment contract, also known as a contract of employment, is a type of contract used in labor law to define the obligations and rights of the parties to a deal. The "employer" and the "employee" are the parties to the contract. It developed from the outdated master-servant law that was in existence before the 20th century. Employment agreements are based on the idea of authority, whereby the employee consents to accept the employer's authority in return for receiving a stated wage.
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