Reference no: EM131205041
A valid contract has got four elements that is offer-this is when the seller agrees to make it public to the buyers.
Acceptance- this means that the offer must be accepted exactly as offered without conditions.
Legal consequences -contract requires that the parties intend to enter into a legally binding agreement. That is, the parties entering into the contract must intend to create legal relations
Consideration- consideration is what each party gives to the other as the agreed price for the others promises
A contract has got the following contents;
Names of the Parties -The employer's organization details and the employee's full name and address.
Start Date -This is important as it also includes a brief statement to say that employment with a previous employer
Job Title and Description -This usually follows the job title and description specified in any recruitment advertisement and subsequent offer letter.
Place of Work -Allows the employer to specify the location where the employee will work.
Salary-This details the employee's gross salary before tax, national insurance and any deductions.
A contract is considered valid when it has got face and content validity and content validity when the contract has all the contents and information needed.
Write the response of the given discussions
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Effective and frequent communication
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National insurance and any deductions
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Company net operating income should increase
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