Employment contracts are important to protect employees from being dismissed without cause. They also protect the employer by defining certain conditions that would make the contract valid and enforceable. Under the employment contract I am a party to, the term of employment is defined, when it started and for how long it will continue. The probationary period is also discussed including the evaluation that goes with it after the fifth-month period.
During the probationary period, the employee will be assessed as to his capability in performing the job he is assigned to. The duties and responsibilities are also outlined in the contract, as well as the possible reasons for terminating them. Also in the contract are the compensation and benefit that I am to receive while employed in the company. The rest of the contract is about other conditions involved should I decide to leave the company. This is a bilateral contract. Sales Contract Helping to sell items from my neighbor’s house involves a unilateral contract.
My neighbor is moving out and would like to dispose of his furniture and other belongings. To make the process move faster, he asked me if I could help out find buyers for this things. If I can sell any of his items, especially the furniture and appliances, he will pay me a certain percentage for that sale. I am not obliged to find buyers for his things but should I successfully find some, he is obliged to pay that percentage he promised. There is no paper involved in this contract. We just agreed on it orally based on trust.
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