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An employment bond is a contract requiring that an employee continue to work for their employer for a specified period, under penalty of a monetary forfeiture to the employer. [1] Such contracts and associated surety bonds are similar to indentured servitude or serfdom , in that although employees are compensated, they are not permitted to ...
A fixed-term contract is a contractual relationship between an employee and an employer that lasts for a specified period that is determined in advance. These contracts are usually regulated by countries' labor laws, to ensure that employers still fulfill basic labour rights regardless of a contract's form, particularly unjust dismissal.
Each employment contract contains a job description including the range of activities that an employee is reasonably expected to perform. Scope of employment often identifies demotion, transfer to different responsibilities, and modification or increasing current responsibilities. Travel and relocation can also be discussed in this section.
A performance bond, also known as a contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. The term is also used to denote a collateral deposit of good faith money , intended to secure a futures contract , commonly known as margin .
Former President Donald Trump has agreed to a $200,000 bond and other release conditions after his lawyers met with the Fulton County district attorney’s office on Monday, according to court ...
It is in essence an amalgam of contract law, commercial law, planning law, employment law and tort. Construction law covers a wide range of legal issues including contract, negligence, bonds and bonding , guarantees and sureties , liens and other security interests, tendering, construction claims, and related consultancy contracts.
An eagerly awaited jobs report released on January 10 — the first major economic report in the new year — showed employers adding a thriving 256,000 jobs to payrolls in December, exceeding the ...
Collective bargaining is a process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights for workers.