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


What is Micromanagement?   ‘Micromanagement’ is the term used to define the negative management style used by some managers who scrutinize their staff minutely and


What is Offshoring?   ‘Offshoring’ refers to establishing a business or brand of business in another country to either gain the benefit of reduced salary

Brown Bag Lunch

What is Brown Bag Lunch ?    A ‘Brown Bag Lunch’ is the name given to the informal training provided by a company which is

Contact Us

Contact Us

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