How to Create Ready-Made Employment Contract Templates In Google Docs
Generally, contracts are types of documents that are legal and binding. They are also much easier to enforce, especially at court, since written agreements are specific with the work and obligations that must be fulfilled by both parties. So, what are the steps you must consider when writing a contract? Here we have outlined these tips for you.
1. Clearly Identify the Parties Involved
Make sure that you have written the names of your company and individuals correctly on the printed document. This is so that it is clear who is held accountable for the obligations stipulated in the contract. It can also be easy to make mistakes in this part, so be sure to double-check the spellings.
2. Specify All of the Details
Since it is a contract, it is a must that you are as detailed as possible regarding the provisions and obligations of each party. Remember never to agree with verbal agreements as this is not legally binding. Should there be any changes or adjustments, later on, both parties can decide to make amendments.
3. Write down Payments Terms
This step is especially vital when it comes to employment or when another company has rendered service to your company. Remember to add as many details as possible from the exact wage the employee receives to the reasons why an employee can have pay deductions. This is because money matters are especially tricky. You must also consider the modes of payment, whether it be through check or cash.
4. Agree on Termination Agreements
Ultimately, contracts must come to an end. There may be instances, however, when an agreement can end before the predetermined termination date. Thus, it is crucial to specify the terms of when and how a party can terminate the contract. Apart from that, you must also include the points that help resolve future disputes that may arise (whether through arbitration or mediation). You may even refer to HR policies to help you out.
5. Use Clear Sentences
Sometimes, contracts may not always need legal jargon. Using terms like “heretofore” and others does not necessarily make the agreement more enforceable. Thus, it may be best to stick to clear and simple sentences that the other party may easily understand as they will be the ones signing the contract.
Are you allowed to write your own contract?
While it is not necessarily, a lawyer may be needed to ensure that your contract is both valid and enforceable.
What benefits does a contract give?
First, a contract helps provide a company clarity in terms of their business relationships with other companies. It may also grant them rights of parties. Second, it protects their property, both intellectual and real, as well as their assets. Lastly, it gives representation and documentation.
What is the difference between a contract and an agreement?
An agreement is usually an informal arrangement between two or more parties. It is also usually not legally binding and thus, cannot be enforced. Meanwhile, a contract is more formal and can actually be enforced by law.
When is a contract voidable?
There are many grounds as to when a contract may be voided (take note that at this point, the contract is still valid and is subject to the affirmation or rejection of either party). These include coercion, fraud, misrepresentation, or undue influence.
What are seven elements needed for a contract?
A contract must have the following:
A meeting of the minds
A written document