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  2. Employment contract - Wikipedia

    en.wikipedia.org/wiki/Employment_contract

    Employment contract. An employment contract or contract of employment is a kind of contract used in labour law to attribute rights and responsibilities between parties to a bargain. The contract is between an "employee" and an "employer". It has arisen out of the old master-servant law, used before the 20th century.

  3. Freedom of contract - Wikipedia

    en.wikipedia.org/wiki/Freedom_of_contract

    The freedom to contract is the underpinning of laissez-faire economics and is a cornerstone of free-market libertarianism. The proponents of the concept believe that through "freedom of contract", individuals possess a general freedom to choose with whom to contract, whether to contract or not, and on which terms to contract.

  4. Wage labour - Wikipedia

    en.wikipedia.org/wiki/Wage_labour

    Wage labour (also wage labor in American English ), usually referred to as paid work, paid employment, or paid labour, refers to the socioeconomic relationship between a worker and an employer in which the worker sells their labour power under a formal or informal employment contract. [1] These transactions usually occur in a labour market ...

  5. Fixed-term employment contract - Wikipedia

    en.wikipedia.org/wiki/Fixed-term_employment_contract

    Fixed-term employment contract. 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 ...

  6. Restraint of trade - Wikipedia

    en.wikipedia.org/wiki/Restraint_of_trade

    Restraint of trade in England and the UK was and is defined as a legal contract between a buyer and a seller of a business, or between an employer and employee, that prevents the seller or employee from engaging in a similar business within a specified geographical area and within a specified period.

  7. Implicit contract theory - Wikipedia

    en.wikipedia.org/wiki/Implicit_contract_theory

    Implicit contract theory. In economics, implicit contracts refer to voluntary and self-enforcing long term agreements made between two parties regarding the future exchange of goods or services. Implicit contracts theory was first developed to explain why there are quantity adjustments ( layoffs) instead of price adjustments (falling wages) in ...

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