Contract of Service

What is a Contract of Service?

 

A ‘Contract of Service’ is the contract an employee agrees to with the company employing him or her as a part of the employment. It binds the employee to work for the company for a set of compensation and benefits.

 

Along with the compensation and benefits, it covers all aspects of their work and employment like their working hours, duties, dress codes, leaves, holidays, etc. Similarly, it also prescribes that any IP created by the employee will be the property of the employer unless specified otherwise.

 

This contract stays in effect until the employee is working for an organization. As it contains the termination clauses, whoever begins the termination process must consult it before beginning the process.

More HR Terms

White-collar Worker

What is White-collar Worker ?    ‘White-collar Worker’ refers to the kind of employee who works inside a dedicated office space. The word ‘white’ refers

Proximity Bias

What is Proximity Bias? Proximity Bias is the tendency of managers to favour employees who are physically present in the office over those working remotely

Contact Us

Contact Us

We use cookies on our website to provide you with the best experience.
Take a look at our ‘privacy policy’