When you`re starting a new job, one of the first things you`ll be asked to do is sign a contract of employment. This document outlines the terms and conditions of your employment, and it`s important that you understand what you`re agreeing to before you sign on the dotted line. Here are some of the standard terms you`ll typically find in a contract of employment, along with an explanation of what they mean.

1. Job Title and Description

This section of your contract will outline your job title, as well as a brief description of your responsibilities and duties. This section is important because it ensures that both you and your employer are on the same page in terms of what your role entails.

2. Salary and Benefits

Your salary and benefits package will also be outlined in your contract of employment. This section will typically include your base salary, any bonuses or commissions you may be eligible for, and any benefits you`ll receive, such as health insurance or retirement benefits.

3. Hours of Work

The hours you`re expected to work each day or week will also be specified in your contract. This section will outline your typical work schedule, including any overtime or weekend work you may be required to do.

4. Termination and Notice Period

In the event that your employment is terminated, your contract will specify the notice period required by your employer. This period will typically range from a few weeks to a few months, depending on your position and industry.

5. Confidentiality and Non-Disclosure

Many contracts of employment will include a clause requiring employees to maintain the confidentiality of company information and trade secrets. This clause will typically prohibit you from sharing sensitive information with anyone outside of the company.

6. Intellectual Property Rights

This section of your contract will outline who owns any intellectual property you create while working for the company. This can include things like inventions, patents, designs, and trademarks.

7. Restrictive Covenants

Restrictive covenants are clauses in your contract that limit your ability to work for a competitor or start your own competing business after leaving your current job. These clauses can range in scope from a few months to a few years, and they`re designed to protect the company`s intellectual property and confidential information.

In conclusion, a contract of employment is a legally binding agreement that outlines your rights and obligations as an employee. Before signing your contract, it`s important to carefully review all of the terms and conditions to ensure that you understand what you`re agreeing to. By being informed and asking questions if necessary, you can ensure that your employment contract is fair and equitable.