Elements of Contract

Elements of an Employment Contract BUS 670

In today's economy, most people are so happy when they get a job they sometimes overlook the paperwork they're signing and don't actually read the fine print. You may think you're signing a contract, but really you're accepting a job with a specific title, job description, stipulations and salary. The economy is structured on the freedom to draw up a contract with a system of laws that can be enforced. Contracts that are freely entered into are not always read carefully by the signer. The signer may not be aware of the elements required to make the contract enforceable (Seaquist, G. and Coulter, K.). For example if the Fabulous Hotel hires you as head chef under a two year employment contract. If you don't read the contract...