An employment contract is a legally binding agreement between an employer and an employee, outlining the terms and conditions of employment. It specifies the rights, responsibilities, and expectations of both parties during the course of employment.

Example
An employment contract might stipulate the job title, salary, work hours, benefits, termination conditions, and other important details. For instance, "This employment contract establishes John Smith as a Marketing Manager, with a monthly salary of $5,000, working 40 hours a week, and eligible for health insurance benefits after a probationary period."