FAQs
What should be included in a contract?
A contract should include the identities of the parties involved, the subject matter of the agreement, the terms and conditions, the consideration exchanged, any warranties or guarantees, the duration or termination clauses, and signatures or execution details.
What would be in a contract of employment?
A contract of employment typically includes details such as job title and description, salary or wages, working hours, holiday entitlement, benefits, probationary period, notice period for termination, confidentiality clauses, and any other relevant terms and conditions agreed upon by the employer and employee.
What are the 5 mandatory express terms in a contract?
The five mandatory express terms in a contract are:
Offer and acceptance: Clear agreement between the parties.
Consideration: Something of value exchanged between the parties.
Intention to create legal relations: Both parties intend for the contract to be legally binding.
Capacity: Both parties have the legal capacity to enter into the contract.
Certainty: The terms of the contract are clear and definite, leaving no ambiguity.