A Term Of Employment Agreement is a legally binding document between an employer and an employee that outlines the terms of employment. It is the basis of the relationship between the two parties and covers topics such as wages, holidays, benefits, job responsibilities, working hours, termination and dispute resolution procedures. This agreement ensures both sides are treated fairly and have a right to their expectations. It also serves as a form of insurance in case of any disagreements or misunderstandings. In short, it’s essential for employers and employees to have a Term Of Employment Agreement in order to protect their rights and establish trust in the workplace.